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FONDUL PROPRIETATEA - FP

Notification buybacks 12 - 16 September 2022

Release Date: 9/19/2022 5:35:21 PM

IRIS Code: 472A5

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 International Services S.A R.L., in its capacity of alternative investment fund manager, hereby informs you in its capacity as Issuer on the following information regarding the transactions concluded during 12 - 16 September 2022:

 

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)

12 September 2022

1.9448

20.0000

434,859

1,205

845,713.78

24,100.00

13 September 2022

1.9280

19.8000

407,349

1,505

785,368.87

29,799.00

14 September 2022

1.9274

19.7000

383,724

1,524

739,589.64

30,022.80

15 September 2022

1.9405

19.9000

370,293

1,531

718,553.57

30,466.90

16 September 2022

1.9240

19.8000

357,931

1,553

688,659.24

30,749.40

 

 

Number of shares and GDRs bought-back and total value of transactions performed during the reporting period

 

 

1,954,156 shares

 

7,318 GDRs (representing    365,900 shares)

 

 

 

3,777,885.10 RON total value of the shares acquisition

145,138.10 USD total value of the GDRs acquisition

 

707,726.04 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 2022

 

400,507,103 shares

1,682,561 GDRs (representing

84,128,050 shares)

851,415,144.94 RON total

value of the

shares

acquisition

37,979,363.48 USD total value of the GDRs acquisition

 

179,030,470.51 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 2022 buy-back programme[1] as of the date of this notification

315,364,847 shares

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

 

 

Franklin Templeton International Services S.A R.L., acting as Alternative Investment Fund Manager of FONDUL PROPRIETATEA S.A.

 

 

 

Johan MEYER

Permanent Representative

 



[1] As per the Fund’s Extraordinary General Shareholders Meeting Resolution no. 5 of 15 December 2021, published in the Official Gazette of Romania, Part IV, no. 5314/30 December 2021, the 2022 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 2022 buyback programme is until 31 December 2022. The shares repurchased during this buyback programme will be cancelled.

 



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