| To: | FINANCIAL SUPERVISORY AUTHORITY |
| | BUCHAREST STOCK EXCHANGE |
| | LONDON STOCK EXCHANGE
|
| Re: | Notification regarding the buy-back transactions performed during the 2024 programme
|
| From: | FONDUL PROPRIETATEA S.A.
|
Considering article 2 of Commission Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures, Article 5(3) of Regulation (EU) No 596/2014 on market abuse (market abuse regulation) and Article 26 (3) of Regulation (EU) No 600/2014 on markets in financial instruments, FONDUL PROPRIETATEA S.A. ("FP" / the "Fund"), represented by Franklin Templeton International Services S.À R.L., in its capacity of alternative investment fund manager, hereby informs you in its capacity as Issuer on the following information regarding the transactions concluded during 15 July - 30 September 2024:
| a) Issuer's name (buyer) | FONDUL PROPRIETATEA S.A. Bucharest Stock Exchange Symbol: FP London Stock Exchange Symbol: FP.
|
| b) Brokers' names | · SWISS CAPITAL S.A., and · AUERBACH GRAYSON |
| c) Description of the acquired financial instruments and trading place | Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed and traded on the Bucharest Stock Exchange ("BVB"), and Global Depositary Receipts ("GDRs") (ISIN US34460G1067) corresponding to the Fund's shares listed and traded on the London Stock Exchange ("LSE")
|
| d) Transaction's type | Buy-back |
| e) Details with respect to the execution of the buy-back market orders | Within the trading session
|
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 the transaction | Weighted average price per share (RON)*
| Weighted average price per GDR (USD)* | Volume of the transaction (no. of shares) | Volume of the transaction (no. of GDRs) | Value of the transaction with shares (RON) | Value of the transaction with GDRs (USD) |
| 26 September 2024
| 0.6622 | 7.3821 | 255,522,800 | 269,544 | 169,207,198.16 | 1,989,800.76 |
|
Number of shares and GDRs bought-back and total value of transactions performed during the reporting period | 255,522,800 shares |
269,544 GDRs (representing 13,477,200 shares) |
RON 169,207,198.16 total value of the shares acquisition | USD 1,989,800.76 total value of the GDRs acquisition
RON 8,855,807.26 estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania
| ||
| Total number of shares and GDRs bought-back and total value of transactions performed during 2024 | 338,538,088 shares | 335,320 GDRs (representing 16,766,000 shares) | RON 205,701,183.85 total value of the shares acquisition | USD 2,339,113.97 total value of the GDRs acquisition
RON 10,477,745.30 estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania | ||
| Number of shares left to be repurchased within the 2024 buy-back programme[1] as of the date of this notification | 644,695,912 shares | |||||
* The weighted average price per security was rounded to 4-digits
Franklin Templeton International Services S.À R.L., acting as Alternative Investment Fund Manager of FONDUL PROPRIETATEA S.A.
Johan MEYER - Permanent Representative
[1] As per the Fund's Extraordinary General Shareholders Meeting Resolution no. 1/13 February 2024, published in the Official Gazette of Romania, Part IV, no. 955/26 February 2024, the 2024 buyback programme refers to the acquisition by the Fund of a maximum number of 1,000,000,000 shares and/or equivalent global depository receipts corresponding to the Fund's shares ("GDRs"). The duration of the 2024 buyback programme is until 31 December 2024. The shares repurchased during this buyback programme will be cancelled (the "2024 buyback programme"). Please note that, in accordance with art. 29 (4) of Law no. 243/2019 on alternative investment funds, as further amended by Government Emergency Ordinance no. 71/2024, the Fund may carry out own share buybacks operations, only once during a financial year, up to a maximum of 10% of the share capital.
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