25 January 2016
Fondul Proprietatea S.A.
78-80 Buzesti St.,
th
7 floor, district 1,
Bucharest, postal code 011017
Phone/fax number:Tel.: + 40 21 200 9600
Fax: + 40 21 200 9631
18253260
RON 10,074,080,745.90
RON 9,746,649,630.90
10,829,610,701
GDRs on London Stock Exchange
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:
Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch ("the Fund Manager"), in its capacity as Sole Director and Fund Manager of Fondul Proprietatea SA ("the Fund"), would like to inform shareholders that, in light of the major recent adjustments in stock market prices, it has taken the decision to suspend the process of the Public Tender Offer related to the sixth buy-back programme ("Tender Offer") for which an application for approval with the FSA was submitted on 14 January 2016 and to file a withdrawal of the application today.
This decision is driven by the significant increase in global financial markets' volatility which unfolded since the Tender Offer application was filed. In order to ensure that the Tender Offer is priced appropriately relative to the market price, to maximize value for the Fund's shareholders, the Fund Manager will continue to monitor market developments closely and is prepared to restart the process when market conditions are more supportive.
Furthermore, given the above, the Fund Manager will resume on 28 January 2016 the daily buy-backs of shares on the Bucharest Stock Exchange and GDRs on the London Stock Exchange.
Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity of Sole Director of FONDUL PROPRIETATEA S.A.
Oana Valentina Truta Legal Representative
FONDUL PROPRIETATEA S.A., a closed-end investment company administrated under a unitary system • 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 • Register on Data Protection Notification Register under number 18668 • Subscribed share capital RON 10,074,080,745.90, Paid-up Share Capital: RON 9,746,649,630.90 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: office@fondulproprietatea.ro; Internet: www.fondulproprietatea.ro
Fondul Proprietatea SA issued this content on 2016-01-25 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-25 06:48:07 UTC
Original Document: http://www.fondulproprietatea.ro/sites/default/files/newsdocs/current_report_tender_withdrawal.pdf