Notification - buybacks 27 - 31 May 2024

Fondul Proprietatea S.A.

03 June 2024

 

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 27 - 31 May 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)
27 May 2024	0.4685	-	1,383,989	-	648,398.85	-
28 May 2024	0.4634	-	1,401,255	-	649,341.57	-
29 May 2024	0.4638	-	1,516,086	-	703,160.69	-
30 May 2024	0.4655	-	1,517,026	-	706,175.60	-
31 May 2024	0.4644	5.0000	1,463,314	2,213	679,563.02	11,065.00
Number of shares and GDRs bought-back and total value of transactions performed during the reporting period			7,281,670 shares	2,213 GDRs (representing 110,650 shares)	RON 3,386,639.73 total value of the shares acquisition	USD 11,065.00 total value of the GDRs acquisition RON 50,929.98 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			29,340,756 shares	53,656 GDRs (representing 2,682,800 shares)	RON 14,395,637.25 total value of the shares acquisition	USD 290,207.31 total value of the GDRs acquisition RON 1,350,069.30 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			967,976,444 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

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[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").

 

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