RAPORT DE ACTIVITATE




Current

no.1/2006;

report according to: CNVM regulation


BVB Code Market Operator - Title II, article 99 and 103

Report date: November 18, 2015

Regulated market on which issued shares are traded:



TO: BUCHAREST STOCK EXCHANGE FINANCIAL SUPERVISION AUTORITHY Financial instruments and investments sector


Important events to report: Completing the first stage of the buyback shares program; Initiation of the 2nd phase of the program to buyback shares

(program performed in compliance with SIF Moldova EGMS Resolution no 4 / April 1, 2015)


SIF Moldova informs the shareholders on the completion of the first stage of the buyback shares (current report of August 5, 2015), under the following conditions:

  • Number of shares bought: 7,000,000

  • Average price: 0.8139 lei

  • Total value of shares: 5,697,137 lei

  • Percentage in the share capital of SIF Moldova: 0.674 %

  • Period of the program: Aug 6, 2015 - Nov 17, 2015

  • Intermediary: SSIF BT Securities


SIF Moldova informs the shareholders on the start of the 2nd stage of the program to buyback shares, with the following coordinates:

  1. The buybacks of SIF2 shares under the law and within the limits of the EGMS Resolution, namely the purchase of a total of 3,381,791 shares (from the total of 10,381,791 shares approved to be bought back by the EGMS) with a nominal value of 0.1 lei / share, in the period Nov 19, 2015 - Jan 31, 2016; the minimum purchase price will be the BSE market price at the time of acquisition and the maximum acquisition price of the shares will be 1.25 lei / share.

  2. The volume of shares that will be bought by the company shall be determined in accordance with Article 5 of Regulation (EC) no. 2273/2003. SIF Moldova can buy back a daily volume of up to 25% of the average daily volume of SIF Moldova shares that are traded on the regulated market where the purchase is made, calculated according to applicable legislation.

  3. It is maintained as intermediary SSIF BT Securities SA.


EGMS Resolution no 4 / April 1, 2015 (Official Gazette, Part IV, no 2207 / April 30, 2015) regarding the buyback program: the purchase of a maximum number of shares: a) 1% of the share capital, representing 10,381,791 shares; b) the minimum purchase price will be the BSE market price at the time of acquisition and the maximum acquisition price of the shares will be 1.25 lei / share; c) the maximum period of the buyback program is until the date of October 30, 2016; d) the purpose of the program: the allocation of shares to directors and employees of the company under the law.


Claudiu Doros Vice President
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