2nd Nov 2015 16:30
To: | FINANCIAL SUPERVISORY AUTHORITY |
BUCHAREST STOCK EXCHANGE | |
LONDON STOCK EXCHANGE
| |
Re: | Notification regarding the transactions performed within the buy-back programme
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From: | FONDUL PROPRIETATEA S.A.
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The undersigned, FONDUL PROPRIETATEA S.A. ("FP / The Fund"), duly represented by Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting in its capacity as Sole Director and Fund Manager, hereby inform you in its capacity of issuer on the following information regarding the transactions concluded during 26 - 30 October 2015, according to Article 150 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.
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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")
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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: | 13,869,500 |
- current number of shares bought back | 9,252,000 |
- equivalent shares of current number of GDRs bought back | 4,617,500 (representing 92,350 GDRs) |
g) Total value of the transactions performed in the reporting period (RON), out of which: | 11,337,707.05 |
- value of the shares acquisition (RON) | 7,557,661.20 |
- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON) | 3,780,045.85 |
h) Total number of shares and equivalent shares of GDRs repurchased since the start of the buy-back program | 61,920,274 |
- number of shares bought back | 40,773,574 |
- equivalent shares of current number of GDRs bought back | 21,146,700 (representing 422,934 GDRs) |
i) Total value of the shares repurchased since the start of the buy-back program (RON) | 49,428,646.04 |
- value of the shares acquisition (RON) | 32,487,661.72 |
- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON) | 16,940,984.32 |
j) Number of shares left to be repurchased | 829,849,781 |
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) |
26 October 2015 | BVB | 0.8138 RON | 1,800,000 shares | 1,464,840.00 RON |
LSE | 10.2 USD | 18,000 GDRs (equivalent to 900,000 shares) | 183,600.00 USD | |
27 October 2015 | BVB | 0.8112 RON | 1,829,000 shares | 1,483,684.80 RON |
LSE | 10.2 USD | 18,200 GDRs (equivalent to 910,000 shares) | 185,640.00 USD | |
28 October 2015 | BVB | 0.8088 RON | 1,865,000 shares | 1,508,412.00 RON |
LSE | 10.15 USD | 18,650 GDRs (equivalent to 932,500 shares) | 189,297.50 USD | |
29 October 2015 | BVB | 0.8202 RON | 1,840,000 shares | 1,509,168.00 RON |
LSE | 10.15 USD | 18,400 GDRs (equivalent to 920,000 shares) | 186,760.00 USD | |
30 October 2015 | BVB | 0.8298 RON | 1,918,000 shares | 1,591,556.40 RON |
LSE | 10.3 USD | 19,100 GDRs (equivalent to 955,000 shares) | 196,730.00 USD |
Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Sole Director of FONDUL PROPRIETATEA S.A.
Oana Valentina TRUŢA
Legal Representative
Related Shares:
Fondul Proprietatea