To: | FINANCIAL SUPERVISORY AUTHORITY |
BUCHAREST STOCK EXCHANGE | |
LONDON STOCK EXCHANGE | |
Re: | Notification regarding the transactions performed within the ninth 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 3 - 7 September 2018:
a) Issuer's name (buyer)
b) Broker's namec) Description of the acquired financial instruments
d) Transaction's type
e) Details with respect to the execution of the buy-back market orders
FONDUL PROPRIETATEA S.A. Bucharest Stock Exchange Symbol: FP London Stock Exchange Symbol: FP.
WOOD & COMPANY FINANCIAL SERVICES A.S. (as buy-back agent in relation to the purchase of shares), and
JEFFERIES INTERNATIONAL LIMITED (as buy-back agent in relation to the purchase of GDRs) Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed on the Bucharest Stock Exchange ("BVB"), and
Global Depositary Receipts ("GDRs") (ISIN US34460G1067) corresponding to the Fund's shares listed on the London Stock Exchange ("LSE")
Buy-back
Within the trading session
f) Total number of shares and equivalent shares of 4,630,245 GDRs bought-back in the reporting period, out of which:
- current number of shares bought back 4,130,245
- equivalent shares of current number of GDRs bought back
500,000
g) Total value of the transactions performed in the 4,220,228.50 reporting period (RON), out of which:
- value of the shares acquisition (RON) 3,766,633.90
- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the
National Bank of Romania (RON)
h) Total number of shares and equivalent shares of GDRs repurchased since the start of the ninth buy-back program
- number of shares bought back
- equivalent shares of current number of GDRs bought back
- equivalent shares of current number of GDRs converted in shares from the start of ninth buy-back programme
- % of subscribed share capital as at 31 August 2018
453,594.60
1,415,996,155
813,343,555 602,652,600 (representing 12,053,052 GDRs)
587,737,150 (representing 11,754,743 GDRs)
15.43% (and 16.24% computed to the total outstanding treasury shares and equivalent)
________________________________________________________________________________________________________________________________________________________________________ FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 78-80 Buzesti Street, 7th floor, Bucharest 1st district, postal code 011017, Romania. • Fiscal Identification Code (CIF): 18253260, registered with the Trade Registry under no: J40/21901/2005 • Subscribed share capital RON 4,771,610,196.08, Paid-up Share Capital: RON 4,582,427,774.08 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email:office@fondulproprietatea.ro; Internet:www.fondulproprietatea.ro
- % of paid-up share capital as at 31 August 2018
16.07% (and 16.91% computed to the total outstanding treasury shares and equivalent)
- % of total voting rights as at 31 August 2018
19.32% (and 20.33% computed to the total outstanding treasury shares and equivalent)
i) Total value of the shares repurchased since the start of the ninth buy-back program (RON)
1,320,000,369.48
- value of the shares acquisition (RON) 758,057,653.80
- estimated value of the equivalent shares of GDRs 561,942,715.68 based on the exchange rate communicated by the
National Bank of Romania (RON)
j) Number of shares left to be repurchased within the ninth buy-back programme as of the date of this notification1
345,028,347
The details of the transactions carried out during the reporting period with respect to the shares and GDRs issued by Fondul Proprietatea S.A. 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) |
3 September 2018 | BVB | RON 0.9154 | 404,422 shares | RON 370,207.90 |
LSE | USD 11.4000 | 10,000 GDRs (representing 500,000 shares equivalent) | USD 114,000.00 | |
4 September 2018 | BVB | RON 0.9200 | 905,555 shares | RON 833,110.60 |
5 September 2018 | BVB | RON 0.9150 | 920,571 shares | RON 842,322.47 |
6 September 2018 | BVB | RON 0.9119 | 946,692 shares | RON 863,288.43 |
7 September 2018 | BVB | RON 0.9000 | 953,005 shares | RON 857,704.50 |
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 26 October 2017, the ninth 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 20% of the subscribed share capital at the relevant time, which represents a total of 1,761,024,502 own shares as of the date of this notification; however, after the cancellation of the shares acquired within the previous / ongoing buyback programmes, the 20% limitation will change and the Fund will notify the market accordingly. ________________________________________________________________________________________________________________________________________________________________________
FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 78-80 Buzesti Street, 7th floor, Bucharest 1st district, postal code 011017, Romania. • Fiscal Identification Code (CIF): 18253260, registered with the Trade Registry under no: J40/21901/2005 • Subscribed share capital RON 4,771,610,196.08, Paid-up Share Capital: RON 4,582,427,774.08 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631;
Email:office@fondulproprietatea.ro; Internet:www.fondulproprietatea.ro
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Fondul Proprietatea SA published this content on 10 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 September 2018 14:46:07 UTC