FONDUL PROPRIETATEA SA To: | FINANCIAL SUPERVISORY AUTHORITY |
BUCHAREST STOCK EXCHANGE | |
LONDON STOCK EXCHANGE | |
Re: | Notification regarding the transactions performed within the seventh 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 16 - 20 January 2017, according to Article 150 paragraph (2) of the NSC's Regulation no. 1/2006 regarding issuers and operations with securities:
a) Issuer's name (buyer) | FONDUL PROPRIETATEA S.A. Bucharest Stock Exchange Symbol: FP London Stock Exchange Symbol: FP. |
b) Broker's name | WOOD & COMPANY FINANCIAL SERVICES A.S. (as buy-back agent in relation to the purchase of shares), and GOLDMAN SACHS INTERNATIONAL (as buy- back agent in relation to the purchase of GDRs) |
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") corresponding to the Fund's shares listed on the London Stock Exchange ("LSE") |
d) Transaction's type | Buy-back |
e) Details with respect to the execution of the buy-back market orders | Within the trading session |
f) Total number of shares and equivalent shares of GDRs bought-back in the reporting period, out of which: | 8,128,340 |
- current number of shares bought back | 7,878,340 |
- equivalent shares of current number of GDRs bought back | 250,000 (representing 5,000 GDRs) |
g) Total value of the transactions performed in the reporting period (RON), out of which: | 6,900,000.68 |
- value of the shares acquisition (RON) | 6,685,077.73 |
- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON) | 214,922.95 |
h) Total number of shares and equivalent shares of GDRs repurchased since the start of the seventh buy- back program | 99,398,468 |
- number of shares bought back | 99,148,468 |
| 250,000 (representing 5,000 GDRs) 250,000 (representing 5,000 GDRs) |
back programme | |
- % of subscribed share capital as at 18 January 20171 | 0.98 |
- % of paid-up share capital as at 18 January 2017 | 1,02 |
- % of total voting rights as at 30 December 2016 | 1,03 |
i) Total value of the shares repurchased since the start of the seventh buy-back program (RON) | 79,965,211.84 |
- value of the shares acquisition (RON) | 79,750,288.89 |
- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON) | 214,922.95 |
j) Number of shares left to be repurchased from the seventh buy-back programme as of the date of this notification2 | 908,009,607 |
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 | Average price per security (currency) | Volume of the transaction (no. of securities) | Value of the transaction (currency) |
16 January 2017 | BVB | RON 0.8302 | 1,627,473 shares | RON 1,351,128.08 |
17 January 2017 | BVB | RON 0.8342 | 1,367,381 shares | RON 1,140,669.23 |
LSE | USD 10.1000 | 5,000 GDRs (equivalent to 250,000 shares) | USD 50,500.00 | |
18 January 2017 | BVB | RON 0.8479 | 1,557,036 shares | RON 1,320,210.82 |
19 January 2017 | BVB | RON 0.8634 | 1,638,654 shares | RON 1,414,813.86 |
20 January 2017 | BVB | RON 0.8640 | 1,687,796 shares | RON 1,458,255.74 |
1 The date when the Trade Registry registered the Fund's Extraordinary General Shareholders' Resolution no. 7/11 October 2016 for approving the decrease of the subscribed registered share capital from RON 9,168,314,116.70 to RON 8,562,968,634.10, by cancelling a number of 712,171,156 treasury shares acquired by the Fund. For more details please read the current report published on the Fund's webpage, here.
2 As per the Fund's Extraordinary General Shareholders Meeting Resolution no. 9 of 29 October 2015, the seventh buyback programme refers to the acquisition by the Fund of a maximum number of shares and / or equivalent GDRs corresponding to the Fund's shares computed so that
all the outstanding treasury shares (acquired during this programme and/or previous ones) will not exceed 10% of the subscribed share capital at the relevant time, which represents a total of 908,009,607 own shares as of the date of this notification
Fondul Proprietatea SA published this content on 23 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 January 2017 16:10:02 UTC.
Original documenthttp://www.fondulproprietatea.ro/sites/default/files/newsdocs/weekly_notification_buybacks_16_-_20_january_2017.pdf
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