15 Sep 2016 09:40
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"), 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 8 - 14 September 2016, according to 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 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 Public Tender Offer |
f) Total number of shares and equivalent shares of GDRs bought-back in the reporting period, out of which: | 575,000,000 |
- current number of shares bought back | 388,559,950 |
- equivalent shares of current number of GDRs bought back | 186,440,050 (representing 3.728.801 GDRs) |
g) Total value of the transactions performed in the reporting period (RON), out of which: | 484,447,871.99 |
- value of the shares acquisition (RON) | 327,167,477.90 |
- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON) | 157,280,394.09 |
h) Total number of shares and equivalent shares of GDRs repurchased since the start of the sixth buy-back program | 863,370,107 |
- number of shares bought back | 628,431,157 |
- equivalent shares of current number of GDRs bought back - equivalent shares of current number of GDRs converted in shares from the start of sixth buy-back programme | 234,938,950 (representing 4,698,779 GDRs)
47,373,900 (representing 947,478 GDRs) |
- % of subscribed share capital as at 31 August 2016 | 7.87 |
- % of paid-up share capital as at 31 August 2016 | 8.14 |
- % of total voting rights as at 31 August 2016 | 8.37 |
i) Total value of the shares repurchased since the start of the sixth buy-back program (RON) | 709,333,405.98 |
- value of the shares acquisition (RON) | 513,058,875.58 |
- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON) | 196,274,530.40 |
j) Number of shares left to be repurchased from sixth buy-back programme | 28,399,948 |
k) Number of shares left to be repurchased from seventh buy-back programme | 204,815,025
|
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) |
8 September 2016 | BVB | 0.8420 RON | 388,559,950 shares | 327,167,477.90 RON |
LSE | 10.6512 USD | 3,728,801 GDRs (equivalent to 186,440,050 shares) | 39,716,268.30 USD |
Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Investment Manager of FONDUL PROPRIETATEA S.A.
Adrian CIGHI
Legal Representative