Fondul Proprietatea SA (BVB:FP) commences a share repurchase program on January 4, 2021, under the program mandated by shareholders in the Extraordinary General Meeting held on November 13, 2020. As per the mandate, the company is authorized to repurchase up to 800,000,000 shares and/or equivalent global depository receipts corresponding to the fund's shares. The shares will be repurchased at a price between RON 0.2 and RON 2 per share. The purpose of the repurchase program is to reduce the company’s share capital. The program will expire on December 31, 2021.