Fondul Proprietatea

Transaction in Own Shares • Dec 9, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2538W

Fondul Proprietatea S.A.

09 December 2019

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 2 - 6 December 2019:

a) Issuer's name (buyer)	FONDUL PROPRIETATEA S.A. Bucharest Stock Exchange Symbol: FP London Stock Exchange Symbol: FP.
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)
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")
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:	4,767,419
-     current number of shares bought back	4,411,119
-     equivalent shares of current number of GDRs bought back	356,300 (representing 7,126 GDRs)
g) Total value of the transactions performed in the reporting period (RON), out of which:	5,687,098.18
-     value of the shares acquisition (RON)	5,269,235.81
-     estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)	417,862.37
h) Total number of shares and equivalent shares of GDRs repurchased since the start of the tenth buy-back program	401,985,375
-     number of shares bought back	307,359,225
-     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	94,626,150 (representing 1,892,523 GDRs)   93,298,850 (representing 1,865,977 GDRs)
-     % of subscribed share capital as at 30 November 2019	5.2796 %
-     % of paid-up share capital as at 30 November 2019	5.5445 %
-     % of total voting rights as at 30 November 2019	5.8642 %
i) Total value of the shares repurchased since the start of the tenth buy-back program (RON)	436,855,832.88
-     value of the shares acquisition (RON)	331,689,812.63
-     estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)	105,166,020.25
j) Number of shares left to be repurchased within the tenth buy-back programme as of the date of this notification	348,014,625

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)
2 December 2019	BVB	RON 1.1950	994,363 shares	RON 1,188,263.79
3 December 2019	BVB	RON 1.1942	955,074 shares	RON 1,140,549.37
4 December 2019	BVB	RON 1.1950	959,671 shares	RON 1,146,806.85
5 December 2019	BVB	RON 1.1935	812,245 shares	RON 969,414.41
LSE	USD 13.6000	7,126 GDRs (356,300 shares equivalent)	USD 96,913.60
6 December 2019	BVB	RON 1.1949	689,766 shares	RON 824,201.39

* 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

http://www.rns-pdf.londonstockexchange.com/rns/2538W_1-2019-12-9.pdf

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

POSCKCDDPBDDABK