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)