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)