Source - RNS
RNS Number : 7338M
Fondul Proprietatea S.A.
17 October 2016
 

To:

FINANCIAL SUPERVISORY AUTHORITY


BUCHAREST STOCK EXCHANGE


LONDON STOCK EXCHANGE

Re:

Notification regarding the transactions performed within the seventh 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 10 -14 October 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:

7,440,922

-     current number of shares bought back

7,440,922

-     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:

5,980,378.49

-     value of the shares acquisition (RON)

5,980,378.49

-     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 seventh buy-back program

18,536,399

-     number of shares bought back

18,536,399

-     equivalent shares of current number of GDRs bought back

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

0 (representing 0 GDRs)

 

0 (representing 0 GDRs)

-     % of subscribed share capital as at 30 September 2016

0.1690

-     % of paid-up share capital as at 30 September 2016

0.1748

-     % of total voting rights as at 30 September 2016

0.1909

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

14,921,680.00

-     value of the shares acquisition (RON)

14,921,680.00

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

0

j) Number of shares left to be repurchased from the seventh buy-back programme as of the date of this notification1

186,278,626

 

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)

10 October 2016

BVB

RON 0.8030

1,013,626 shares

RON 813,941.68

11 October 2016

BVB

RON 0.8036

2,053,276 shares

RON 1,650,012.59

    12 October 2016

BVB

RON 0.8037

905,828 shares

RON 728,013.96

13 October 2016

BVB

RON 0.8044

1,129,209 shares

RON 908,335.72

14 October 2016

BVB

RON 0.8038

2,338,983 shares

RON 1,880,074.54

 

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

 

[1] As per the Fund's Extraordinary General Shareholders Meeting Resolution no. 9 of 29 October 2015, the seventh buyback programme refers to the acquisition by the Fund of a maximum number of shares and / or equivalent GDRs corresponding to the Fund's shares computed so that all the outstanding treasury shares (acquired during this programme and/or previous ones) will not exceed 10% of the subscribed share capital at the relevant time, which represents a total of 204,815,025 own shares as of the date of this notification


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