Fondul Proprietatea S.A. Transaction in Own Shares 9-13 Nov. 2015 (8990F)
November 16 2015 - 11:28AM
UK Regulatory
TIDMFP.
RNS Number : 8990F
Fondul Proprietatea S.A.
16 November 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 9 - 13 November 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: 17,133,684
* current number of shares bought back 10,770,684
6,363,000 (representing
* equivalent shares of current number of GDRs bought 127,260 GDRs)
back
g) Total value of the
transactions performed
in the reporting period
(RON), out of which: 14,255,915.77
* value of the shares acquisition (RON) 8,946,591.12
* estimated value of the equivalent shares of GDRs
based on the exchange rate communicated by the
National Bank of Romania (RON) 5,309,324.65
h) Total number of shares
and equivalent shares
of GDRs repurchased since
the start of the buy-back
program 96,224,958
* number of shares bought back 62,965,258
33,259,700 (representing
* equivalent shares of current number of GDRs bought 665,194 GDRs)
back
* % of subscribed share capital as at 30 October 2015
(including 227,572,250 shares bought back during the
fifth buyback programme) 2.8927
* % of paid-up share capital as at 30 October 2015
(including 227,572,250 shares bought back during the
fifth buyback programme) 2.9899
* % of voting rights as at 30 October 2015 (including
227,572,250 shares bought back during the fifth
buyback programme) 3.0704
i) Total value of the
shares repurchased since
the start of the buy-back
program (RON) 78,016,493.70
* value of the shares acquisition (RON) 50,983,833.24
* estimated value of the equivalent shares of GDRs
based on the exchange rate communicated by the
National Bank of Romania (RON) 27,032,660.46
j) Number of shares left
to be repurchased 795,545,097
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)
----------------- ---------------- ------------ --------------------- -------------
9 November BVB 0.8359 RON 2,546,000 2,128,201.40
2015 shares RON
----------------- ---------------- ------------ --------------------- -------------
LSE 10.1323 25,460 GDRs 257,968.36
USD (equivalent USD
to 1,273,000
shares)
----------------- ---------------- ------------ --------------------- -------------
10 November BVB 0.8301 RON 1,797,126 1,491,794.29
2015 shares RON
----------------- ---------------- ------------ --------------------- -------------
LSE 10.0912 25,500 GDRs 257,325.60
USD (equivalent USD
to 1,275,000
shares)
----------------- ---------------- ------------ --------------------- -------------
11 November BVB 0.8307 RON 1,217,558 1,011,425.43
2015 shares RON
----------------- ---------------- ------------ --------------------- -------------
LSE 10.06 USD 25,000 GDRs 251,500.00
(equivalent USD
to 1,250,000
shares)
----------------- ---------------- ------------ --------------------- -------------
12 November BVB 0.8285 RON 2,580,000 2,137,530.00
2015 shares RON
----------------- ---------------- ------------ --------------------- -------------
LSE 10.15 USD 25,000 GDRs 253,750.00
(equivalent USD
to 1,250,000
shares)
----------------- ---------------- ------------ --------------------- -------------
13 November BVB 0.828 RON 2,630,000 2,177,640.00
2015 shares RON
----------------- ---------------- ------------ --------------------- -------------
LSE 10.0661 26,300 GDRs 264,738.43
USD (equivalent USD
to 1,315,000
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
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November 16, 2015 11:28 ET (16:28 GMT)