Last checked at 26 Jul 2021 12:50
To: | FINANCIAL SUPERVISORY AUTHORITY |
| BUCHAREST STOCK EXCHANGE |
| LONDON STOCK EXCHANGE
|
Re: | Notification regarding the buy-back transactions
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From: | FONDUL PROPRIETATEA S.A.
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Considering article 2 of Commission Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures, Article 5(3) of Regulation (EU) No 596/2014 on market abuse (market abuse regulation) and Article 26 (3) of Regulation (EU) No 600/2014 on markets in financial instruments, FONDUL PROPRIETATEA S.A. ("FP" / the "Fund"), represented by Franklin Templeton International Services S.À R.L., in its capacity of alternative investment fund manager, hereby informs you in its capacity as Issuer on the following information regarding the transactions concluded during 19 - 23 July 2021:
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 | · SWISS CAPITAL S.A., and · AUERBACH GRAYSON
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c) Description of the acquired financial instruments and trading place | Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed and traded on the Bucharest Stock Exchange ("BVB"), and Global Depositary Receipts ("GDRs") (ISIN US34460G1067) corresponding to the Fund's shares listed and traded 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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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 | Weighted average price per share (RON)*
| Weighted average price per GDR (USD)*
| Volume of the transaction (no. of shares) | Volume of the transaction (no. of GDRs) | Value of the transaction with shares (RON) | Value of the transaction with GDRs (USD) |
19 July 2021 | 1.8836 | 22.2000 | 389,620 | 5,188 | 733,888.23 | 115,173.60 |
20 July 2021 | 1.8771 | 22.2000 | 410,291 | 5,380 | 770,157.24 | 119,436.00 |
21 July 2021 | 1.8770 | - | 406,810 | - | 763,582.37 | - |
22 July 2021 | 1.8689 | 22.0000 | 408,564 | 500 | 763,565.26 | 11,000.00 |
23 July 2021 | 1.8618 | - | 361,920 | - | 673,822.66 | - |
Number of shares and GDRs bought-back during the reporting period
| 1,977,205 shares | 11,068 GDRs (representing 553,400 shares) | - | - | ||
Total value of the transactions performed in the reporting period | - | - | 3,705,015.76 RON total value of the shares acquisition | 245,609.60 USD total value of the GDRs acquisition
1,025,680.61 RON estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania | ||
Total number of shares and GDRs bought-back and total value of transactions performed during 2021
| 99,487,115 shares | 781,518 GDRs (representing 39,075,900 shares) | - | - | ||
Number of shares left to be repurchased within the twelfth buy-back programme[1] as of the date of this notification | 661,436,985 shares | |||||
* The weighted average price per security was rounded to 4-digits
Franklin Templeton International Services S.À R.L., acting as Alternative Investment Fund Manager of FONDUL PROPRIETATEA S.A.
Johan MEYER - Permanent Representative
[1] As per the Fund's Extraordinary General Shareholders Meeting Resolution no. 5 of 13 November 2020, published in the Official Gazette of Romania, Part IV, no. 4233/02.12.2020, the twelfth buyback programme refers to the acquisition by the Fund of a maximum number of 800,000,000 shares and/or equivalent global depository receipts corresponding to the Fund's shares ("GDRs"). The duration of the twelfth buyback programme is 1 January 2021 - 31 December 2021. The shares repurchased during this buyback programme will be cancelled.