28th Oct 2019 15:25
To: | FINANCIAL SUPERVISORY AUTHORITY |
| BUCHAREST STOCK EXCHANGE |
| LONDON STOCK EXCHANGE |
Re: | Notification regarding the transactions performed within the Fund's tenth 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 21 - 25 October 2019:
a) Issuer's name (buyer) | FONDUL PROPRIETATEA S.A. Bucharest Stock Exchange Symbol: FP London Stock Exchange Symbol: FP.
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b) Brokers' names | ·; BANCA COMERCIALA ROMANA S.A. (hereinafter referred to as "BCR") (as buy-back agent in relation to the purchase of shares), and ·; AUERBACH GRAYSON (hereinafter referred to as "AGCO") (as buy-back agent in relation to the purchase of GDRs)
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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") (ISIN US34460G1067) 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
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f) Total number of shares and equivalent shares of GDRs bought-back in the reporting period, out of which: | 3,822,644 |
- current number of shares bought back | 3,818,144 |
- equivalent shares of current number of GDRs bought back | 4,500 (representing 90 GDRs) |
g) Total value of the transactions performed in the reporting period (RON), out of which: | 4,537,471.16 |
- value of the shares acquisition (RON) | 4,532,294.41 |
- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON) | 5,176.75 |
h) Total number of shares and equivalent shares of GDRs repurchased since the start of the tenth buy-back program | 375,360,225 |
- number of shares bought back | 281,478,425 |
- equivalent shares of current number of GDRs bought back - equivalent shares of current number of GDRs converted in shares from the start of tenth buy-back programme | 93,881,800 (representing 1,877,636 GDRs)
93,298,850 (representing 1,865,977 GDRs) |
- % of subscribed share capital as at 17 October 2019 | 4.9299% |
- % of paid-up share capital as at 17 October 2019¹ | 5.1773% |
- % of total voting rights as at 17 October 2019¹ | 5.4548% |
i) Total value of the shares repurchased since the start of the tenth buy-back program (RON) | 405,380,095.29 |
- value of the shares acquisition (RON) | 301,082,173.38 |
- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON) | 104,297,921.91 |
j) Number of shares left to be repurchased within the tenth buy-back programme as of the date of this notification | 374,639,775 |
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
| Weighted average price per security (currency)*
| Volume of the transaction (no. of securities) | Value of the transaction (currency) |
21 October 2019 | BVB | RON 1.1946 | 833,942 shares | RON 996,227.11 |
22 October 2019 | BVB | RON 1.1850 | 803,254 shares | RON 951,855.99 |
LSE | USD 13.5000 | 90 GDRs (4,500 shares equivalent) | USD 1,215.00 | |
23 October 2019
| BVB | RON 1.1897 | 729,900 shares | RON 868,362.03 |
24 October 2019 | BVB | RON 1.1850 | 722,528 shares | RON 856,195.68
|
25 October 2019 | BVB | RON 1.1800 | 728,520 shares | RON 859,653.60 |
* 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
http://www.rns-pdf.londonstockexchange.com/rns/3758R_1-2019-10-28.pdf
Related Shares:
Fondul Proprietatea