Last checked at 27 Jan 2017 07:10
To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange
Current report according to Article 99 (s) of the Code of the Bucharest Stock Exchange Market Operator, Title II, Issuers and Financial Instruments Important events to be reported: Public tender offer process in relation to the seventh buy-back programme Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Investment Manager ("the Investment Manager") of Fondul Proprietatea SA ("the Fund"), would like to inform shareholders that it was submitted today for approval to the Financial Supervisory Authority of Romania (the "FSA") an application for the endorsement of a tender offer for cash of its own shares in relation to the seventh buy-back programme approved by the Fund's Extraordinary Shareholders' Resolution no. 9/29 October 2015. The Investment Manager would also like to inform shareholders and investors that it has engaged WOOD & Company Financial Services, a.s. as intermediary in relation to the purchase of shares and intends to engage Goldman Sachs International and WOOD & Company Financial Services, a.s. as dealer managers and The Bank of New York Mellon as tender agent in relation to the purchase of global depositary receipts ("GDRs"). Under this tender offer, the Fund intends to repurchase up to 640,000,000 shares (both in the form of shares and GDRs) from its shareholders. It is expected that full details of the tender offer, including pricing, will be announced, if and when the tender offer will be actually implemented and approval is received from the FSA, which is expected to occur within 10 business days according to the regulations in force. In light of this development, the Fund would also like to report that the daily execution of the buy-back programme with respect to shares on the Bucharest Stock Exchange and GDRs on the London Stock Exchange has been suspended from 23 January 2017; any restart, which, if the tender offer is launched, will be after the closing of the tender offer, will be announced in due course. Important disclaimer to shareholders and investors: The filing of the application for the approval of the envisaged tender offer disclosed herein does not constitute a guarantee that the Fund will actually proceed with the tender offer; the Fund's decision to launch the tender offer will depend on several factors (including the market conditions and the approval of the tender offer documentation by the FSA). Nothing in this announcement shall be construed as an obligation of the Fund to implement the tender offer. If the tender offer proceeds, the tender and the purchase of the shares and GDRs will be carried out exclusively in accordance with the terms and conditions of the tender offer document if and when published. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement is not intended to, and does not constitute, or form part of, an offer to sell or an invitation to purchase, exchange or subscribe for any securities in any jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document. Goldman Sachs International, which is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting for Fondul Proprietatea S.A. and no one else in connection with the distribution of this document and will not be responsible to anyone other than Fondul Proprietatea S.A. for providing the protections afforded to clients of Goldman Sachs International. Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity of Investment Manager of FONDUL PROPRIETATEA S.A.
Johan Meyer Legal Representative | Report date:27 January 2017 Name of the issuing entity: Fondul Proprietatea S.A. Registered office: 78-80 Buzesti St.,7th floor, district 1, Bucharest, postal code 011017 Phone/fax number: Tel.: + 40 21 200 9600Fax: + 40 21 200 9631 Sole Registration Code with the Trade Register Office:18253260 Order number in theTrade Register:J40/21901/2005 Subscribed share capital: RON 8,562,968,634.10 Paid-up share capital:RON 8,253,728,136.60
Number of shares in issue: 10,074,080,746
Number of paid shares: 9,710,268,396
Regulated market on which the issued securities are traded:Shares on Bucharest Stock Exchange GDRs on London Stock Exchange
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