24th Jul 2017 13:59
To: | FINANCIAL SUPERVISORY AUTHORITY |
BUCHAREST STOCK EXCHANGE | |
LONDON STOCK EXCHANGE | |
Re: | Notification regarding the transactions performed within the eighth 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 17 - 21 July 2017, per Article 150 paragraph (2) 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 JEFFERIES INTERNATIONAL LIMITED (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 |
f) Total number of shares and equivalent shares of GDRs bought-back in the reporting period, out of which: | 4,464,341.00 |
- current number of shares bought back | 3,076,841.00 |
- equivalent shares of current number of GDRs bought back
| 1,387,500.00 (representing 27,750 GDRs)
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g) Total value of the transactions performed in the reporting period (RON), out of which: | 3,896,131.16 |
- value of the shares acquisition (RON) | 2,682,654.46 |
- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)
| 1,213,476.70 |
h) Total number of shares and equivalent shares of GDRs repurchased since the start of the eighth buy-back program | 52,558,533.00 |
- number of shares bought back | 27,030,683.00 |
- equivalent shares of current number of GDRs bought back - equivalent shares of current number of GDRs converted in shares from the start of eighth buy-back programme | 25,527,850.00 (representing 510,557 GDRs)
5,936,500 (representing 118,730 GDRs) |
- % of subscribed share capital as at 30 June 2017 | 0.5217 (and 8.7631% computed to the total outstanding treasury shares and equivalent) |
- % of paid-up share capital as at 30 June 2017 | 0.5413% (and 9.091% computed to the total outstanding treasury shares and equivalent) |
- % of total voting rights as at 30 June 2017 | 0.5943% (and 9.9817% computed to the total outstanding treasury shares and equivalent)
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i) Total value of the shares repurchased since the start of the eighth buy-back program (RON) | 45,993,250.26 |
- value of the shares acquisition (RON) | 23,604,239.11 |
- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)
| 22,389,011.15 |
j) Number of shares left to be repurchased from the eighth buy-back programme as of the date of this notification | 124,601,923 |
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) |
17 July 2017 | BVB | RON 0.8727 | 349,419 shares | RON 304,937.96 |
18 July 2017 | BVB | RON 0.8721 | 487,503 shares | RON 425,151.37 |
19 July 2017 | BVB | RON 0.8699 | 306,778 shares | RON 266,866.18 |
LSE | USD 11.0705 | 17,750 GDRs (887,500 shares equivalent) | USD 196,501.38 | |
20 July 2017 | BVB | RON 0.872 | 667,122 shares | RON 581,730.38 |
LSE | USD 11.0500 | 10,000 GDRs (500,000 shares equivalent) | USD 110,500.00 | |
21 July 2017 | BVB | RON 0.872 | 1,266,019 shares | RON 1,103,968.57 |
Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Investment Manager of FONDUL PROPRIETATEA S.A.
Johan Meyer
Legal Representative
Related Shares:
Fondul Proprietatea