Transaction in Own Shares • Oct 12, 2020
Transaction in Own Shares
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Considering article 2 of Commission Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures, Article 5(3) of Regulation (EU) No 596/2014 on market abuse (market abuse regulation) and Article 26 (3) of Regulation (EU) No 600/2014 on markets in financial instruments, 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 5 October – 9 October 2020:
• AUERBACH GRAYSON
b) Brokers' names • SWISS CAPITAL S.A., and
c) Description of the acquired financial instruments and trading place
Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed and traded on the Bucharest Stock Exchange ("BVB"), and Global Depositary Receipts ("GDRs") (ISIN US34460G1067) corresponding to the Fund's shares listed and traded 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
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 |
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) |
|---|---|---|---|---|---|---|
| 5 October 2020 |
1.3099 | - | 2,829,224 | - | 3,706,000.52 | - |
| 6 October 2020 |
1.3141 | 15.600 | 2,854,105 | 4,016 | 3,750,579.38 | 62,649.60 |
| 7 October 2020 |
1.3158 | - | 2,871,366 | - | 3,778,143.38 | - |
| 8 October 2020 |
1.3248 | - | 2,913,006 | - | 3,859,150.35 | - |
| 9 October 2020 |
1.3239 | - | 1,055,543 | - | 1,397,433.38 | - |
FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 78-80 Buzesti Street, 7th floor, Bucharest 1st district, postal code 011017, Romania • Fiscal Identification Code (CIF): 18253260, registered with the Trade Registry under no: J40/21901/2005 • Subscribed share capital RON 3,749,282,292.08 RON, Paid-up share capital RON 3,560,099,870.08 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: [email protected]; Internet: www.fondulproprietatea.ro
__________________________________________________________________________________________________________________________________________________________
| Date of the transaction |
Weighted average price per share |
Weighted average price per GDR |
Volume of the transaction (no. of |
Volume of the transaction (no. of |
Value of the transaction with shares (RON) |
Value of the transaction with GDRs (USD) |
|
|---|---|---|---|---|---|---|---|
| Number of bought-back during period |
(RON)* shares |
(USD)* and GDRs the reporting |
shares) 12,523,244 shares |
GDRs) 4,016 GDRs (representing 200,800 shares) |
- | - | |
| Total value performed in the reporting period |
of the |
transactions | - | - | 16,491,307.01 RON total value of the shares acquisition |
62,649.60 USD total value of the GDRs acquisition 259,457.05 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 transactions performed |
and total |
value of during 2020 |
449,001,932 shares |
3,562,740 GDRs (representing 178,137,000 shares) |
588,201,153.34 RON total value of the shares acquisition |
56,806,777.99 USD total value of the GDRs acquisition 240,158,959.95 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 eleventh buy-back programme1 as of the date of this notification |
172,861,068 shares |
* 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.
__________________________________________________________________________________________________________________________________________________________
1 As per the Fund's Extraordinary General Shareholders Meeting Resolution no. 5 of 15 November 2019, published in the Official Gazette of Romania, Part IV, no. 5122/09.12.2019, the eleventh buyback programme refers to the acquisition by the Fund of a maximum number of 800,000,000 shares and/or equivalent global depository receipts corresponding to the Fund's shares ("GDRs"). The duration of the eleventh buyback programme is 1 January 2020 - 31 December 2020. The shares repurchased during this buyback programme will be cancelled.
FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 78-80 Buzesti Street, 7th floor, Bucharest 1st district, postal code 011017, Romania • Fiscal Identification Code (CIF): 18253260, registered with the Trade Registry under no: J40/21901/2005 • Subscribed share capital RON 3,749,282,292.08 RON, Paid-up share capital RON 3,560,099,870.08 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: [email protected]; Internet: www.fondulproprietatea.ro
Johan MEYER - Legal Representative
FONDUL PROPRIETATEA S.A., an alternative investment fund • Headquarters at: 78-80 Buzesti Street, 7th floor, Bucharest 1st district, postal code 011017, Romania • Fiscal Identification Code (CIF): 18253260, registered with the Trade Registry under no: J40/21901/2005 • Subscribed share capital RON 3,749,282,292.08 RON, Paid-up share capital RON 3,560,099,870.08 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: [email protected]; Internet: www.fondulproprietatea.ro
__________________________________________________________________________________________________________________________________________________________
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