Source - RNS
RNS Number : 5895K
Fondul Proprietatea S.A.
22 September 2016
 

To:

FINANCIAL SUPERVISORY AUTHORITY


BUCHAREST STOCK EXCHANGE


LONDON STOCK EXCHANGE

Re:

Notification regarding the transactions performed within the buy-back programme

From:

FONDUL PROPRIETATEA S.A.

 

 

The undersigned, FONDUL PROPRIETATEA S.A. ("FP / The Fund"), represented by Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting in its capacity as Investment Manager, hereby informs you in its capacity as Issuer on the following information regarding the transactions concluded during 15 - 21 September 2016, according to Article 150 paragraph (2) of the NSC's Regulation no. 1/2006 regarding issuers and operations with securities:

 

a) Issuer's name (buyer)

FONDUL PROPRIETATEA S.A.

Bucharest Stock Exchange Symbol: FP

London Stock Exchange Symbol: FP.

b) Broker's name

WOOD & COMPANY FINANCIAL SERVICES A.S. (as buy-back agent in relation to the purchase of shares), and

GOLDMAN SACHS INTERNATIONAL (as buy-back agent in relation to the purchase of GDRs)

c) Description of the acquired financial instruments

Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed on the Bucharest Stock Exchange  ("BVB"), and

Global Depositary Receipts ("GDRs") corresponding to the Fund's shares listed on the London Stock Exchange ("LSE")

d) Transaction's type                                                               

Buy-back

e) Details with respect to the execution of the buy-back market orders

Within the trading session  

f) Total number of shares and equivalent shares of GDRs bought-back in the reporting period, out of which:

20,105,948

-     current number of shares bought back

20,105,948

-     equivalent shares of current number of GDRs bought back

0 (representing 0 GDRs)

g) Total value of the transactions performed in the reporting period (RON), out of which:

15,990,601.77

-     value of the shares acquisition (RON)

15,990,601.77

-     estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)

0

h) Total number of shares and equivalent shares of GDRs repurchased since the start of the sixth buy-back program

883,476,055

-     number of shares bought back

648,537,105

-     equivalent shares of current number of GDRs bought back

-     equivalent shares of current number of GDRs converted in shares from the start of sixth buy-back programme

234,938,950 (representing 4,698,779 GDRs)

 

234,938,950 (representing 4,698,779 GDRs)

-     % of subscribed share capital as at 31 August 2016

8.05

-     % of paid-up share capital as at 31 August 2016

8.33

-     % of total voting rights as at 31 August 2016

8.56

i) Total value of the shares repurchased since the start of the sixth buy-back program (RON)                                  

725,324,007.75

-     value of the shares acquisition (RON)

529,049,477.35

-     estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)

196,274,530.40

j) Number of shares left to be repurchased from sixth buy-back programme

8,294,000

k) Number of shares left to be repurchased from seventh buy-back programme

204,815,025

 

 

The details of the transactions carried out during the reporting period with respect to the shares and GDRs issued by Fondul Proprietatea SA for the purpose of the buy-back are described further below:

 

 

Date of the transaction

Market on which the securities were traded

Average price per security

(currency)

Volume of the transaction

(no. of securities)

 

Value of the transaction (currency)

15 September 2016

BVB

0.7845 RON

480,177 shares

376,698.86 RON

16 September 2016

BVB

0.7852 RON

542,065 shares

425,629.44 RON

19 September 2016

BVB

0.7890 RON

6,923,634 shares

5,462,747.23 RON

20 September 2016

BVB

0.7979 RON

4,739,171 shares

3,781,384.54 RON

21 September 2016

BVB

0.8010 RON

7,420,901 shares

5,944,141.70 RON

 

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Investment Manager of FONDUL PROPRIETATEA S.A.

 

Oana Valentina TRUŢA

Legal Representative

 

 


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