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FONDUL PROPRIETATEA - FP

Notification buybacks 9 - 12 June 2020

Release Date: 6/15/2020 3:41:44 PM

IRIS Code: B86BD

To:

FINANCIAL SUPERVISORY AUTHORITY

 

BUCHAREST STOCK EXCHANGE

 

LONDON STOCK EXCHANGE

 

Re:

Notification regarding the buy-back transactions

 

From:

FONDUL PROPRIETATEA S.A.

 

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 9 – 12 June 2020:

a)  Issuer’s name (buyer)

FONDUL PROPRIETATEA S.A.

Bucharest Stock Exchange Symbol: FP

London Stock Exchange Symbol: FP.

 

b) Brokers’ names

·     SWISS CAPITAL S.A., and

·     AUERBACH GRAYSON  

 

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                                                     

Buy-back

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

(RON)*

Weighted average price per GDR

(USD)*

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)

9 June 2020

1.1988

-

1,019,774

-

1,222,505.07

-

10 June 2020

1.1802

-

1,086,520

-

1,282,310.90

-

11 June 2020

1.1595

13.5000

1,120,467

14,962

1,299,181.49

201,987.00

12 June 2020

1.1740

-

1,091,297

-

1,281,182.68

-

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

 

4,318,058 shares

14,962 GDRs (representing  748,100  shares)

-

-

Total value of the transactions performed in the reporting period

-

-

5,085,180.14 RON total value of the shares acquisition

201,987.00 USD total value of the GDRs acquisition

 

859,555.68 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

 

247,746,640 shares

1,866,024 GDRs (representing 93,301,200 shares)

313,791,650.68 RON total value of the shares acquisition

28,574,942.03 USD total value of the GDRs acquisition

 

123,948,128.39 RON estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania

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

 

458,952,160 shares

* 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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