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Notification - buybacks 16 - 20 March 2020

Release Date: 3/23/2020 5:08:59 PM

IRIS Code: 0BAB1









Notification regarding the buy-back transactions





Considering article 2 of Commission Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures, Article 5(3) of Regulation (EU) No 596/2014 on market abuse (market abuse regulation) and Article 26 (3) of Regulation (EU) No 600/2014 on markets in financial instruments, 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 16 March -20 March 2020:


a)  Issuer’s name (buyer)


Bucharest Stock Exchange Symbol: FP

London Stock Exchange Symbol: FP.


b) Brokers’ names

·     SWISS CAPITAL S.A., and



c) Description of the acquired financial instruments and trading place

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

Global Depositary Receipts (“GDRs”) (ISIN US34460G1067) corresponding to the Fund’s shares listed and traded on the London Stock Exchange (“LSE”)


d) Transaction’s type                                                     


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

Within the trading session 



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

Weighted average price per share



Weighted average price per GDR




Volume of the  transaction

(no. of shares)

Volume of the transaction

(no. of GDRs)

Value of the transaction with shares (RON)

Value of the transaction with GDRs (USD)

16 March 2020







17 March 2020







Number of shares and GDRs bought-back during the reporting period



1,510,440 GDRs (representing 75,522,000 shares)



Total value of the transactions performed in the reporting period



173,024,420 RON total value of the shares acquisition

24,242,562 USD total value of the GDRs acquisition


104,732,716.35 RON estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania

Total number of shares and GDRs bought-back and total value of transactions performed during 2020



1,510,440 GDRs (representing 75,522,000 shares)



Number of shares left to be repurchased within the eleventh buy-back programme[1] as of the date of this notification



* The weighted average price per security was rounded to 4-digits



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


Johan MEYER - Legal Representative

[1] As per the Fund’s Extraordinary General Shareholders Meeting Resolution no. 5 of 15 November 2019, published in the Official Gazette of Romania, Part IV, no. 5122/09.12.2019, the eleventh buyback programme refers to the acquisition by the Fund of a maximum number of 800,000,000 shares and/or equivalent global depository receipts corresponding to the Fund’s shares (“GDRs”). The duration of the eleventh buyback programme is 1 January 2020 - 31 December 2020. The shares repurchased during this buyback programme will be cancelled.


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