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21 Oct 2019 15:35
To: | FINANCIAL SUPERVISORY AUTHORITY |
| BUCHAREST STOCK EXCHANGE |
| LONDON STOCK EXCHANGE |
Re: | Notification regarding the transactions performed within the Fund's tenth buy-back programme |
From: | FONDUL PROPRIETATEA S.A.
|
The undersigned, 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 14 - 18 October 2019:
a) Issuer's name (buyer) | FONDUL PROPRIETATEA S.A. Bucharest Stock Exchange Symbol: FP London Stock Exchange Symbol: FP.
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b) Brokers' names | ·; BANCA COMERCIALA ROMANA S.A. (hereinafter referred to as "BCR") (as buy-back agent in relation to the purchase of shares), and ·; AUERBACH GRAYSON (hereinafter referred to as "AGCO") (as buy-back agent in relation to the purchase of GDRs)
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c) Description of the acquired financial instruments | Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed on the Bucharest Stock Exchange ("BVB"), and Global Depositary Receipts ("GDRs") (ISIN US34460G1067) corresponding to the Fund's shares listed on the London Stock Exchange ("LSE")
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d) Transaction's type | Buy-back |
e) Details with respect to the execution of the buy-back market orders
| Within the trading session
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f) Total number of shares and equivalent shares of GDRs bought-back in the reporting period, out of which: | 4,600,093 |
- current number of shares bought back | 4,596,343 |
- equivalent shares of current number of GDRs bought back | 3,750 (representing 75 GDRs) |
g) Total value of the transactions performed in the reporting period (RON), out of which: | 5,472,274.67 |
- value of the shares acquisition (RON) | 5,467,934.48 |
- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON) | 4,340.19 |
h) Total number of shares and equivalent shares of GDRs repurchased since the start of the tenth buy-back program | 371,537,581 |
- number of shares bought back | 277,660,281 |
- equivalent shares of current number of GDRs bought back - equivalent shares of current number of GDRs converted in shares from the start of tenth buy-back programme | 93,877,300 (representing 1,877,546 GDRs)
93,298,850 (representing 1,865,977 GDRs) |
- % of subscribed share capital as at 15 October 2019 | 4.8797% (and 4.8797% computed to the total outstanding treasury shares and equivalent) |
- % of paid-up share capital as at 15 October 2019¹ | 5.1245% (and 5.1245% computed to the total outstanding treasury shares and equivalent) |
- % of total voting rights as at 30 September 2019 | 5.3866% (and 5.3866% computed to the total outstanding treasury shares and equivalent)
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i) Total value of the shares repurchased since the start of the tenth buy-back program (RON) | 400,842,624.13 |
- value of the shares acquisition (RON) | 296,549,878.97 |
- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON) | 104,292,745.16 |
j) Number of shares left to be repurchased within the tenth buy-back programme as of the date of this notification | 378,462,419 |
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 | Market on which the securities were traded
| Weighted average price per security (currency)*
| Volume of the transaction (no. of securities) | Value of the transaction (currency) |
14 October 2019 | BVB | RON 1.1958 | 984,778 shares | RON 1,177,597.53 |
LSE | USD 13.4000 | 75 GDRs (3,750 shares equivalent) | USD 1,005.00 | |
15 October 2019 | BVB | RON 1.1900 | 939,824 shares | RON 1,118,390.56 |
16 October 2019
| BVB | RON 1.1878 | 899,833 shares | RON 1,068,821.64 |
17 October 2019 | BVB | RON 1.1811 | 874,151 shares | RON 1,032,459.75
|
18 October 2019 | BVB | RON 1.1926 | 897,757 shares | RON 1,070,665.00 |
* 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
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/6049Q_1-2019-10-21.pdf
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