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11 Sep 2023 14:59
To: | FINANCIAL SUPERVISORY AUTHORITY |
BUCHAREST STOCK EXCHANGE | |
LONDON STOCK EXCHANGE
| |
Re: | Errata regarding the notification regarding the buy-back transactions performed during the 2023 programme
|
From: | FONDUL PROPRIETATEA S.A.
|
The undersigned, 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 errata about the information regarding the GDRs transactions concluded on 31 August 2023:
Thus, the value of the transaction with GDRs correctly reported for 31 August 2023 (respectively without the fees related to the GDRs buy-back transaction reported for 31 August 2023, respectively USD 4.81 / RON 21.83 based on the exchange rate communicated by the National Bank of Romania)) must be as follows:
Date of the transaction | Weighted average price per share (RON)*
| Weighted average price per GDR (USD)* | Volume of the transaction (no. of shares) | Volume of the transaction (no. of GDRs) | Value of the transaction with shares (RON) | Value of the transaction with GDRs (USD) |
28 August 2023 | 1.9498 | - | 1,087,559 | - | 2,120,522.54 | - |
29 August 2023 | 1.9526 | - | 1,126,335 | - | 2,199,281.72 | - |
30 August 2023 | 1.9454 | - | 1,174,171 | - | 2,284,232.26 | - |
31 August 2023 | 1.9398 | 21.4000 | 1,313,876 | 917 | 2,548,656.66 | 19,623.80 |
1 September 2023 | 1.9362 | 21.2000 | 1,353,206 | 982 | 2,620,077.46 | 20,818.40 |
Number of shares and GDRs bought-back and total value of transactions performed during the reporting period |
6,055,147 shares |
1,899 GDRs (representing 94,950 shares) |
11,772,770.64 RON total value of the shares acquisition | 40,442.20 USD total value of the GDRs acquisition
183,671.36 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 bought-back and total value of transactions performed during 2023 | 225,157,575 shares | 2,187,122 GDRs (representing 109,356,100 shares) | 474,136,066.11 RON total value of the shares acquisition | 51,500,812.62 USD total value of the GDRs acquisition
236,247,322.26 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 repurchased within the 2023 buy-back programme[1] as of the date of this notification | 3,165,486,325 shares | |||||
* 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] As per the Fund's Extraordinary General Shareholders Meeting Resolution no. 2 of 15 November 2022, published in the Official Gazette of Romania, Part IV, no. 5051/05 December 2022, the 2023 buyback programme refers to the acquisition by the Fund of a maximum number of 3,500,000,000 shares and/or equivalent global depository receipts corresponding to the Fund's shares ("GDRs"). The duration of the 2023 buyback programme is until 31 December 2023. The shares repurchased during this buyback programme will be cancelled ("the 2023 buyback programme").
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