Source - RNS
RNS Number : 8593K
Fondul Proprietatea S.A.
26 September 2016

To:          Bucharest Stock Exchange

                Financial Supervisory Authority

               London Stock Exchange


Current report according to Article 99 of the Code of the Bucharest Stock Exchange Market Operator, Title II, Issuers and Financial Instruments

Important events to be reported:

Proposal for a special cash distribution to shareholders of RON 0.05/share

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch (the "Investment Manager"), in its capacity as Investment Manager of Fondul Proprietatea (the "Fund") would like to underline that the cash distribution to shareholders of RON 0.05/share proposed for approval in the shareholder meeting on 31 October 2016 is a special distribution in addition to the annual cash distribution. The proposal for the special distribution is part of the Investment Manager's commitment to continue to reduce the discount to NAV, and is in accordance with the Fund's Cash Distribution Policy.

The details of the proposal can be found under Item 1 of the Fund's Extraordinary General Shareholders Meeting agenda on 31 October 2016. If approved by shareholders, the special distribution will be paid to shareholders starting with 27 March 2017.

The Investment Manager intends to recommend to shareholders an annual cash distribution of at least RON 0.05/share to be approved in early 2017 and paid in June 2017, subject to available funding and necessary approvals, in the absence of exceptional market conditions or circumstances, and subject to any restrictions under Romanian legal or tax regulations.


Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch acting as Investment Manager of FONDUL PROPRIETATEA S.A.


Oana Valentina TRUŢA

Legal Representative

Report date:
26 September 2016

Name of the issuing entity:    
Fondul Proprietatea S.A.               

Registered office:                
78-80 Buzesti St.,
7th floor, district 1,  
Bucharest, postal code 011017

Phone/fax number:                
Tel.: + 40 21 200 9600               
Fax: + 40 21 200 9631               

Sole Registration Code with the Trade Register Office:

Order number in the
Trade Register:

Subscribed share capital:
RON 9,320,973,180.85

Paid-up share capital:
RON 9,011,732,683.35


Number of shares in issue:



Number of paid shares:



Regulated market on which the issued securities are traded:
Shares on Bucharest Stock Exchange

GDRs on London Stock Exchange





This information is provided by RNS
The company news service from the London Stock Exchange