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28 Dec 2018 16:20
To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange
Current report according to Article 99 of the Rule book of the Bucharest Stock Exchange Market Operator, Title II, Issuers and Financial Instruments Important events to be reported:
Update regarding the Fund's buyback programmes Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch ("the Investment Manager"), in its capacity as Investment Manager of Fondul Proprietatea S.A. ("the Fund") would like to update shareholders and investors on the status of its buyback programmes. 1. Termination of the ninth buyback programme The ninth buyback programme approved by Resolution no. 5 of the Extraordinary Shareholders' Meeting of Fondul Proprietatea S.A. of 26 October 2017 ("EGM Resolution"), will be terminated on 31 December 2018. The share capital decrease for cancelling the shares acquired during this buyback programme will be subject to a future shareholders' meeting during 2019. 2. Start of the tenth buyback programme In accordance with EGM Resolution no. 4 of 14 November 2018 published in the Official Gazette of Romania, Part IV, no. 4592 on 4 December 2018, the tenth buyback programme refers to the acquisition of a maximum number of 750,000,000 shares and/or equivalent global depository receipts corresponding to the Fund's shares ("GDRs"). The duration of the tenth buyback programme is 1 January - 31 December 2019. The shares repurchased during this buyback programme will be cancelled. The trade price range for the programme is RON 0.2 / share to RON 2 / share. Currently, the maximum amount allocated to this programme for the maximum number of shares as described above is RON 1,500,000,000 (excluding brokerage fees and other acquisition related costs). Following the evaluation of the offers submitted in the brokers' selection process, Auerbach Grayson and Banca Comerciala Romana S.A. have been selected to provide brokerage services for the tenth buyback programme. The Fund is allowed to buyback daily up to 25% of the average daily volume of the Fund's shares (whether in the form of ordinary shares of the Fund or GDRs) on the regulated market on which the purchase is carried out, calculated in accordance with the applicable law. The Investment Manager will report on a weekly basis on the progress of this buyback programme according to legislation in force.
Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch acting as Investment Manager of FONDUL PROPRIETATEA S.A.
Călin METEȘ Legal Representative
| Report date: 28 December 2018 Name of the issuing entity: Fondul Proprietatea S.A. Registered office: 78-80 Buzesti Street 7th floor, district 1, Bucharest, 011017 Phone/fax number: Tel.: + 40 21 200 9600 Fax: + 40 21 200 9631 Email: office@fondulproprietatea.ro Internet: www.fondulproprietatea.ro Sole Registration Code with the Trade Register Office: 18253260 Order number in the Trade Register: J40/21901/2005 Subscribed share capital: RON 4,771,610,196.08 Paid-up share capital: RON 4,582,427,774.08 Number of shares in issue: 9,176,173,454 Number of paid shares: 8,812,361,104 Regulated market on which the issued securities are traded: Shares on Bucharest Stock ExchangeGDRs on London Stock Exchange
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