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Fondul Proprietatea
Transaction in Own Shares • Apr 8, 2019
2288_rns_2019-04-08_9328f0da-a851-454a-ba56-fab780af7ce9.pdf
Transaction in Own Shares
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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 1 – 5 April 2019:
| a) Issuer's name (buyer) |
FONDUL PROPRIETATEA S.A. Bucharest Stock Exchange Symbol: FP |
|
|---|---|---|
| b) Brokers' names |
London Stock Exchange Symbol: FP. • 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 |
|
| c) Description of the acquired financial instruments | relation to the purchase of GDRs) issued by the Fund (ISIN Ordinary shares 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 | Within the trading session | |
| market orders f) Total number of shares and equivalent shares of GDRs bought-back in the reporting period, out of which: |
10,567,746 | |
| - current number of shares bought back |
6,523,046 | |
| - equivalent shares of current number of GDRs bought back |
4,044,700 (representing 80,894 GDRs) |
|
| g) Total value of the transactions performed in the reporting period (RON), out of which: |
9,709,745.65 | |
| - value of the shares acquisition (RON) |
6,036,829.15 | |
| - estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON) |
3,672,916.50 | |
| h) Total number of shares and equivalent shares of GDRs repurchased since the start of the tenth buy |
93,283,608 | |
| back program | ||
| - number of shares bought back |
74,659,708 | |
| - equivalent shares of current number of GDRs bought back |
18,623,900 (representing 372,478 GDRs) |
|
| - equivalent shares of current number of GDRs converted in shares from the start of tenth buy back programme |
13,426,350 (representing 268,527 GDRs) |
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 4,733,020,898.32 • Paid-up Share Capital: RON 4,543,838,476.32 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: [email protected]; Internet: www.fondulproprietatea.ro
__________________________________________________________________________________________________________________________________________________________
| - % of subscribed share capital as at 31 March 20191 |
1.0249% (and 17.3729% computed to the total outstanding treasury shares and equivalent) |
|---|---|
| - % of paid-up share capital as at 31 March 2019 |
1.0675% (and 18.0962% computed to the total outstanding treasury shares and equivalent) |
| - % of total voting rights as at 31 March 2019 |
1.3010% (and 22.0529% computed to the total outstanding treasury shares and equivalent) |
| i) Total value of the shares repurchased since the start of the tenth buy-back program (RON) |
80,988,708.18 |
| - value of the shares acquisition (RON) |
64,864,286.88 |
| - estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON) |
16,124,421.30 |
| j) Number of shares left to be repurchased within the | 656,716,392 |
| tenth buy-back programme as of the date of this notification2 |
___________________________________________________________________________________________________
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 | Market on | Weighted | Volume of the | Value of the |
|---|---|---|---|---|
| transaction | which the | average price | transaction | transaction |
| securities | per security | (no. of securities) | (currency) | |
| were traded | (currency)* | |||
| 1 April 2019 | BVB | RON 0.9266 | 1,305,796 shares |
RON 1,209,950.57 |
| LSE | USD 10.7500 |
17,628 GDRs (881,400 |
USD 189,501.00 |
|
| shares equivalent) | ||||
| 2 April 2019 |
BVB | RON 0.9260 |
1,296,148 shares |
RON 1,200,233.05 |
| LSE | USD 10.7000 |
15,189 GDRs (759,450 |
USD 162,522.30 |
|
| shares equivalent) | ||||
| 3 April 2019 |
BVB | RON 0.9256 |
1,324,308 shares |
RON 1,225,779.48 |
| LSE | USD 10.7000 |
15,535 GDRs (776,750 |
USD 166,224.50 |
|
| shares equivalent) | ||||
| BVB | RON 0.9245 |
1,296,828 shares |
RON 1,198,917.49 |
|
| 4 April 2019 | ||||
| LSE | USD 10.7000 |
16,702 GDRs (835,100 |
USD 178,711.40 |
|
| shares equivalent) | ||||
| 5 April 2019 | BVB | RON 0.9246 |
1,299,966 shares |
RON 1,201,948.56 |
| LSE | USD 10.7000 |
15,840 GDRs (792,000 |
USD 169,488.00 |
|
| shares equivalent) |
* 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. Călin METEȘ - 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 4,733,020,898.32 • Paid-up Share Capital: RON 4,543,838,476.32 • Tel.: + 40 21 200 9600; Fax: +40 21 200 9631; Email: [email protected]; Internet: www.fondulproprietatea.ro
__________________________________________________________________________________________________________________________________________________________
1 Please note that on 28 December 2018, the cancellation of 74,210,188 shares acquired during BB8 was registered with the Trade Registry. Thus, as of 28 December 2018, the new values of the Fund's share capital are: subscribed share capital RON 4,733,020,898.32, divided in 9,101,963,266 shares, and the paid-up share capital is RON 4,543,838,476.32, divided in 8,738,150,916 shares.
2 As per the Fund's Extraordinary General Shareholders Meeting 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 by the Fund 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 2019 - 31 December 2019. The shares repurchased during this buyback programme will be cancelled.