REG - Fondul Proprietatea - Notification - buybacks 24 - 28 March 2025
31/03/2025 15:30
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RNS Number : 9791C Fondul Proprietatea S.A. 31 March 2025
To: FINANCIAL SUPERVISORY AUTHORITY
BUCHAREST STOCK EXCHANGE
LONDON STOCK EXCHANGE
Re: Notification regarding the buy-back transactions performed during the 2025
programme
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 International Services S.À R.L., in its capacity of
alternative investment fund manager, hereby informs you in its capacity as
Issuer on the following information regarding the transactions concluded
during 24 March - 28 March 2025:
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 trading place Ordinary shares issued by the Fund (ISIN 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 Buy-back
type
e) Details with respect to the execution of the buy-back market orders Within the trading session
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 Weighted average price per share (RON)* Weighted average price per GDR (USD)* Volume of the transaction Volume of the transaction Value of the transaction with shares (RON) Value of the transaction with GDRs (USD)
(no. of shares) (no. of GDRs)
24 March 2025 0.3786 - 912,661 - 345,533.45 -
25 March 2025 0.3778 - 924,165 - 349,149.54 -
26 March 2025 0.3779 - 931,292 - 351,935.25 -
27 March 2025 0.3786 - 963,731 - 364,868.56 -
28 March 2025 0.3769 4.000 997,297 878 375,881.24 3,512.00
4,729,146 USD
Number of shares and GDRs bought-back and total value of transactions shares 878 RON 1,787,368.04 3,512.00
performed during the reporting period
GDRs (representing total value of the shares acquisition total value of the GDRs acquisition
43,900
shares) RON
16,215.96
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 bought-back and total value of transactions 46,417,697 1,055 RON 16,715,036.74 USD
performed during 2025
shares GDRs (representing total 4,156.28
52,750 value of the total value of the GDRs acquisition
shares) shares
acquisition RON
19,166.44
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 repurchased within the 2025 buy-back programme 1 273,529,553 shares 2 (#_ftn2)
(#_ftn1) as of the date of this notification
* The weighted average price per security was rounded to 4-digits
Franklin Templeton International Services S.À R.L., acting as Alternative
Investment Fund Manager of FONDUL PROPRIETATEA S.A.
Johan MEYER - Permanent Representative
1 (#_ftnref1) As per the Fund's Extraordinary General Shareholders Meeting
Resolution no. 10/2 December 2024, published in the Official Gazette of
Romania, Part IV, no. 393/29 January 2025, the 2025 buyback programme refers
to the acquisition by the Fund of a maximum number of 320,000,000 shares
and/or equivalent global depository receipts corresponding to the Fund's
shares ("GDRs"). The duration of the 2025 buyback programme is until 31
December 2025. The shares repurchased during this buyback programme will be
cancelled (the "2025 buyback programme").
2 (#_ftnref2) Please note that, in accordance with art. 29 (4) of Law no.
243/2019 on alternative investment funds, as further amended by Government
Emergency Ordinance no. 71/2024, the Fund may carry out own share buybacks
operations, only once during a financial year, up to a maximum of 10% of the
share capital.
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