Fondul Proprietatea S.A. Transaction in Own Shares (7161Z)
September 21 2015 - 11:29AM
UK Regulatory
TIDMFP.
RNS Number : 7161Z
Fondul Proprietatea S.A.
21 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 inform you in its capacity of
issuer on the following information regarding the transactions
concluded during 14 - 18 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
Symbol: FP
London Stock Exchange Symbol:
FP.
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 the Bucharest
Stock Exchange ("BVB"),
and
Global Depositary Receipts
("GDRs") corresponding to
the Fund's shares listed
on the London Stock Exchange
("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: 7,256,832
* current number of shares bought back 4,842,582
2,414,250 (representing
* equivalent shares of current number of GDRs bought 48,285 GDRs)
back
g) Total value of the
transactions performed
in the reporting period
(RON), out of which: 5,786,987.67
* value of the shares acquisition (RON) 3,862,250.12
* value of the equivalent shares of GDRs (RON) 1,924,737.55
h) Total number of shares
and equivalent shares
of GDRs repurchased since
the start of the buy-back
program 11,168,832
* number of shares bought back 7,214,582
3,954,250 (representing
* equivalent shares of current number of GDRs bought 79,085 GDRs)
back
i) Total value of the
shares repurchased since
the start of the buy-back
program (RON) 8,919,374.70
* value of the shares acquisition (RON) 5,759,524.99
* value of the equivalent shares of GDRs (RON) 3,159,849.71
j) Number of shares left
to be repurchased 880,601,223
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
the transaction on which price per the transaction transaction
the securities security (no. of securities) (currency)
were traded (currency)
----------------- ---------------- ------------ --------------------- -------------
14 September BVB 0.7984 RON 914,000 shares 729,737.60
2015 RON
----------------- ---------------- ------------ --------------------- -------------
LSE 10.15 USD 9,000 GDRs 91,350.00
(equivalent USD
to 450,000
shares)
----------------- ---------------- ------------ --------------------- -------------
15 September BVB 0.7985 RON 960,000 shares 766,560.00
2015 RON
----------------- ---------------- ------------ --------------------- -------------
LSE 10.20 USD 9,600 GDRs 97,920.00
(equivalent USD
to 480,000
shares)
----------------- ---------------- ------------ --------------------- -------------
16 September BVB 0.7976 RON 976,000 shares 778,457.60
2015 RON
----------------- ---------------- ------------ --------------------- -------------
LSE 10.20 USD 9,760 GDRs 99,552.00
(equivalent USD
to 488,000
shares)
----------------- ---------------- ------------ --------------------- -------------
17 September BVB 0.7989 RON 950,000 shares 758,955.00
2015 RON
----------------- ---------------- ------------ --------------------- -------------
LSE 10.1763 9,500 GDRs 96,674.85
USD (equivalent USD
to 475,000
shares)
----------------- ---------------- ------------ --------------------- -------------
18 September BVB 0.7947 RON 1,042,582 828,539.92
2015 shares RON
----------------- ---------------- ------------ --------------------- -------------
LSE 10.1928 10,425 GDRs 106,259.94
USD (equivalent USD
to 521,250
shares)
----------------- ---------------- ------------ --------------------- -------------
Franklin Templeton Investment Management Ltd. United Kingdom
Bucharest Branch, in its capacity as Sole Director of FONDUL
PROPRIETATEA S.A.
Oana TRU A
Legal Representative
This information is provided by RNS
The company news service from the London Stock Exchange
END
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September 21, 2015 11:29 ET (15:29 GMT)