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Transaction in Own Shares 28.09-02.10.2015

5th Oct 2015 16:18

RNS Number : 2831B
Fondul Proprietatea S.A.
05 October 2015
 

 

To:

FINANCIAL SUPERVISORY AUTHORITY

BUCHAREST STOCK EXCHANGE

LONDON STOCK EXCHANGE

Re:

Notification regarding the transactions performed within the buy-back programme

From:

FONDUL PROPRIETATEA S.A.

 

 

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 28 September - 2 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.

 

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")

 

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:

6,916,755

- current number of shares bought back

4,492,105

- equivalent shares of current number of GDRs bought back

2,424,650 (representing 48,493 GDRs)

g) Total value of the transactions performed in the reporting period (RON), out of which:

5,470,544.03

- value of the shares acquisition (RON)

3,538,095.03

- value of the equivalent shares of GDRs (RON)

1,932,449

h) Total number of shares and equivalent shares of GDRs repurchased since the start of the buy-back program

24,486,141

- number of shares bought back

15,973,041

- equivalent shares of current number of GDRs bought back

8,513,100 (representing 170,262 GDRs)

i) Total value of the shares repurchased since the start of the buy-back program (RON)

19,460,256.61

- value of the shares acquisition (RON)

12,675,749.21

- value of the equivalent shares of GDRs (RON)

6,784,507.40

j) Number of shares left to be repurchased

867,283,914

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)

28 September 2015

BVB

0.7942 RON

864,202 shares

686,349.23 RON

LSE

10.1942 USD

8,642 GDRs (equivalent to 432,100 shares)

88,098.28 USD

29 September 2015

BVB

0.7865 RON

903,127 shares

710,309.39 RON

LSE

10.1223 USD

9,031 GDRs (equivalent to 451,550 shares)

91,414.49 USD

30 September

2015

BVB

0.7819 RON

960,040 shares

750,655.28 RON

LSE

10.024 USD

9,600 GDRs (equivalent to 480,000 shares)

96,230.40 USD

1 October 2015

BVB

0.7904 RON

1,011,736 shares

799,676.13 RON

LSE

10.05 USD

10,117 GDRs (equivalent to 505,850  shares)

101,675.85 USD

2 October 2015

BVB

0.785 RON

753,000 shares

591,105.00 RON

LSE

10.1 USD

11,103 GDRs (equivalent to 555,150 shares)

112,140.30 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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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