Fondul Proprietatea S.A. Notification ref. buyback trades 9 - 11 Sept 2015 (1545Z)
September 15 2015 - 11:36AM
UK Regulatory
TIDMFP.
RNS Number : 1545Z
Fondul Proprietatea S.A.
15 September 2015
To: FINANCIAL SUPERVISORY AUTHORITY
BUCHAREST STOCK EXCHANGE
LONDON STOCK EXCHANGE
Re: Notification regarding the transactions
performed within the buy-back programme
From: FONDUL PROPRIETATEA S.A.
The undersigned, FONDUL PROPRIETATEA S.A. ("FP / The Fund"),
duly represented by Franklin Templeton Investment Management Ltd.
United Kingdom Bucharest Branch, acting in its capacity as Sole
Director and Fund Manager, hereby informs you in its capacity of
issuer on the following information regarding the transactions
concluded during 9 - 11 September 2015, according to Article 150 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
("BVB") Symbol: FP
London Stock Exchange ("LSE")
Symbol: FP.
Bloomberg: FP RO (for BVB)
and FP/ LI (for LSE)
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 Ordinary shares issued by
acquired financial instruments the Fund (ISIN: ROFPTAACNOR5)
listed on BVB, and
Global Depositary Receipts
("GDRs") (ISIN: US34460G1067)
corresponding to the Fund's
shares listed on LSE
d) Transaction's type Buy-back
e) Details with respect Within the trading session
to the execution of the
buy-back market orders
f) Total number of shares
and equivalent shares
of GDRs bought-back in
the reporting period,
out of which: 3,912,000
* current number of shares bought back 2,372,000
1,540,000 (representing 30,800
* equivalent shares of current number of GDRs bought GDRs)
back
g) Total value of the
transactions performed
in the reporting period
(RON), out of which: 3,132,387.03
1,897.274.87
* value of the shares acquisition (RON)
* estimated value of the equivalent shares of GDRs
(RON) based on the National Bank of Romania's
exchange rate 1,235,112.16
h) Number of shares left
to be repurchased 887,858,055
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 Market Average Volume of Value of
the transaction on which price per the transaction the transaction
the securities security (no. of securities) (currency)
were traded (currency)
----------------- ---------------- ------------ --------------------- -----------------
9 September BVB 0.801826 850,000 shares 681,552.10
2015 RON RON
----------------- ---------------- ------------ --------------------- -----------------
LSE 10.0588 8,500 GDRs 85,499.80
USD (equivalent USD
to 425,000
shares)
----------------- ---------------- ------------ --------------------- -----------------
10 September BVB 0.801087 880,000 shares 704,956.56
2015 RON RON
----------------- ---------------- ------------ --------------------- -----------------
LSE 10.1743 8,200 GDRs 83,429.26
USD (equivalent USD
to 410,000
shares)
----------------- ---------------- ------------ --------------------- -----------------
11 September BVB 0.795586 642,000 shares 510,766.21
2015 RON RON
----------------- ---------------- ------------ --------------------- -----------------
LSE 10.15 USD 14,100 GDRs 143,115.00
(equivalent USD
to 705,000
shares)
----------------- ---------------- ------------ --------------------- -----------------
Franklin Templeton Investment Management Ltd. United Kingdom
Bucharest Branch, in its capacity as Sole Director of FONDUL
PROPRIETATEA S.A.
Grzegorz Maciej KONIECZNY
Legal Representative
This information is provided by RNS
The company news service from the London Stock Exchange
END
DOCGGUCWBUPAGAA
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September 15, 2015 11:36 ET (15:36 GMT)