___________________________________________________________________________________________________
To: | FINANCIAL SUPERVISORY AUTHORITY |
BUCHAREST STOCK EXCHANGE | |
LONDON STOCK EXCHANGE | |
Re: | Notification regarding the buy-back transactions |
From: | FONDUL PROPRIETATEA S.A. |
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 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 September - 25 September 2020:
a) Issuer's name (buyer)FONDUL PROPRIETATEA S.A.
Bucharest Stock Exchange Symbol: FP
London Stock Exchange Symbol: FP.
b) Brokers' names | • | SWISS CAPITAL S.A., and |
• | AUERBACH GRAYSON | |
c) Description of the acquired financial instruments and | Ordinary shares issued by the Fund (ISIN | |
trading place | 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") | ||
d) Transaction's type | Buy-back | |
e) Details with respect to the execution of the buy-back | Within the trading session | |
market orders |
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 | Weighted | Weighted | Volume of | Volume of | Value of the | Value of the |
transaction | average | average | the | the | transaction | transaction with |
price per | price per | transaction | transaction | with shares | GDRs (USD) | |
share | GDR | (no. of | (no. of | (RON) | ||
(RON)* | (USD)* | shares) | GDRs) | |||
21 | ||||||
September | 1.2689 | - | 2,558,279 | - | 3,246,200.22 | - |
2020 | ||||||
22 | ||||||
September | 1.2733 | - | 2,585,149 | - | 3,291,670.22 | - |
2020 | ||||||
23 | ||||||
September | 1.3084 | 15.5000 | 2,592,962 | 7,803 | 3,392,631.48 | 120,946.50 |
2020 |
__________________________________________________________________________________________________________________________________________________________
FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 78-80 Buzesti Street, 7th floor, Bucharest 1st district, postal code 011017, Romania • Fiscal Identification Code
(CIF): 18253260, registered with the Trade Registry under no: J40/21901/2005 • Subscribed share capital RON 3,959,264,762.44 RON, Paid-up share capital RON 3,770,082,340.44 • Tel.: + 40 21
200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro
___________________________________________________________________________________________________
Date of the | Weighted | Weighted | Volume of | Volume of | Value of the | Value of the |
transaction | average | average | the | the | transaction | transaction with |
price per | price per | transaction | transaction | with shares | GDRs (USD) | |
share | GDR | (no. of | (no. of | (RON) | ||
(RON)* | (USD)* | shares) | GDRs) | |||
24 | ||||||
September | 1.3271 | 15.5000 | 2,612,745 | 26,026 | 3,467,373.89 | 403,403.00 |
2020 | ||||||
25 | ||||||
September | 1.3311 | 15.500 | 2,674,161 | 29,698 | 3,559,575.71 | 460,319.00 |
2020 | ||||||
Number of shares and GDRs | 13,023,296 | 63,527 GDRs | - | - | ||
bought-back during the reporting | shares | (representing | ||||
period | 3,176,350 | |||||
shares) | ||||||
Total value of the transactions | - | - | 16,957,451.52 | 984,668.50 USD | ||
performed in the reporting period | RON total | total value of the | ||||
value of the | GDRs | |||||
shares | acquisition | |||||
acquisition | ||||||
4,104,013.28 | ||||||
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 | 422,792,509 | 3,425,111 | 553,693,846.95 | 54,676,074.29 | ||
bought-back and total value of | shares | GDRs | RON total | USD total value | ||
transactions performed during 2020 | (representing | value of the | of the GDRs | |||
171,255,550 | shares | acquisition | ||||
shares) | acquisition | |||||
231,273,510.08 | ||||||
RON estimated | ||||||
value of the | ||||||
equivalent shares | ||||||
of GDRs based | ||||||
on the exchange | ||||||
rate | ||||||
communicated | ||||||
by the National | ||||||
Bank of Romania | ||||||
Number of shares left to be | 205,951,941 shares | |||||
repurchased within the eleventh | ||||||
buy-back programme1 as of the date | ||||||
of this notification |
1 As per the Fund's Extraordinary General Shareholders Meeting Resolution no. 5 of 15 November 2019, published in the Official Gazette of Romania, Part IV, no. 5122/09.12.2019, the eleventh 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 eleventh buyback programme is 1 January 2020 - 31 December 2020. The shares repurchased during this buyback programme will be cancelled.
__________________________________________________________________________________________________________________________________________________________
FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 78-80 Buzesti Street, 7th floor, Bucharest 1st district, postal code 011017, Romania • Fiscal Identification Code
(CIF): 18253260, registered with the Trade Registry under no: J40/21901/2005 • Subscribed share capital RON 3,959,264,762.44 RON, Paid-up share capital RON 3,770,082,340.44 • Tel.: + 40 21
200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro
___________________________________________________________________________________________________
Date of the | Weighted | Weighted | Volume of | Volume of | Value of the | Value of the |
transaction | average | average | the | the | transaction | transaction with |
price per | price per | transaction | transaction | with shares | GDRs (USD) | |
share | GDR | (no. of | (no. of | (RON) | ||
(RON)* | (USD)* | shares) | GDRs) | |||
* 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
__________________________________________________________________________________________________________________________________________________________
FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 78-80 Buzesti Street, 7th floor, Bucharest 1st district, postal code 011017, Romania • Fiscal Identification Code
(CIF): 18253260, registered with the Trade Registry under no: J40/21901/2005 • Subscribed share capital RON 3,959,264,762.44 RON, Paid-up share capital RON 3,770,082,340.44 • Tel.: + 40 21
200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro
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