FONDUL PROPRIETATEA - FP

Weekly Buyback Notification_16 - 20 July 2018

Published: 7/23/2018 3:14:37 PM

IRIS Code: 5691A


Body

To:

FINANCIAL SUPERVISORY AUTHORITY

BUCHAREST STOCK EXCHANGE

LONDON STOCK EXCHANGE

Re:

Notification regarding the transactions performed within the ninth buy-back programme

From:

FONDUL PROPRIETATEA S.A.

The undersigned, FONDUL PROPRIETATEA S.A. (“FP / The Fund”), represented by Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting in its capacity as Investment Manager, hereby informs you in its capacity as Issuer on the following information regarding the transactions concluded during 16 - 20 July 2018:

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

JEFFERIES INTERNATIONAL LIMITED (as buy-back agent in relation to the purchase of GDRs)

c) Description of the acquired financial instruments

Ordinary shares issued by the Fund (ISIN ROFPTAACNOR5) listed on the Bucharest Stock Exchange (“BVB”), and

Global Depositary Receipts (“GDRs”) (ISIN US34460G1067) corresponding to the Fund’s shares listed 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

f) Total number of shares and equivalent shares of GDRs bought-back in the reporting period, out of which:

2,978,353

- current number of shares bought back

998,353

- equivalent shares of current number of GDRs bought back

1,980,000

g) Total value of the transactions performed in the reporting period (RON), out of which:

2,626,280.81

- value of the shares acquisition (RON)

886,743.20

- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)

1,739,537.61

h) Total number of shares and equivalent shares of GDRs repurchased since the start of the ninth buy-back program

1,392,068,160

- number of shares bought back

798,078,660

- equivalent shares of current number of GDRs bought back

- equivalent shares of current number of GDRs converted in shares from the start of ninth buy-back programme

593,989,500 (representing 11,879,790 GDRs)

587,737,150 (representing 11,754,743 GDRs)

- % of subscribed share capital as at 30 June 2018[1]

14.91% (and 15.71% computed to the total outstanding treasury shares and equivalent)

- % of paid-up share capital as at 30 June 2018

15.52% (and 16.34% computed to the total outstanding treasury shares and equivalent)

- % of total voting rights as at 30 June 2018

18.92% (and 19.92% computed to the total outstanding treasury shares and equivalent)

i) Total value of the shares repurchased since the start of the ninth buy-back program (RON)

1,298,659,734.08

- value of the shares acquisition (RON)

744,410,059.32

- estimated value of the equivalent shares of GDRs based on the exchange rate communicated by the National Bank of Romania (RON)

554,249,674.76

j) Number of shares left to be repurchased within the ninth buy-back programme as of the date of this notification[2]

368,956,342

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

Market on which the securities were traded

Average price per security

(currency)

Volume of the transaction

(no. of securities)

Value of the transaction (currency)

16 July 2018

BVB

RON 0.8880

687,346 shares

RON 610,363.25

17 July 2018

BVB

RON 0.8870

4,814 shares

RON 4,270.02

LSE

USD 10.9714

14,000 GDRs (700,000 shares equivalent)

USD 153,599.60

18 July 2018

BVB

RON 0.8887

286,604 shares

RON 254,704.97

19 July 2018

BVB

RON 0.8880

9,665 shares

RON 8,582.52

LSE

USD 11.0000

13,200 GDRs (660,000 shares equivalent)

USD 145,200.00

20 July 2018

BVB

RON 0.8890

9,924 shares

RON 8,822.44

LSE

USD 11.0000

12,400 GDRs (620,000 shares equivalent)

USD 136,400.00

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Investment Manager of FONDUL PROPRIETATEA S.A.

Johan MEYER

Legal Representative


[1] The computations herein related to the subscribed share capital/paid share capital/voting rights are made based on the shareholding structure received from the Central Depositary as at 30 June 2018. The said structure does not comprise however the share capital decrease of 26 September 2017 which became effective as of 29 June 2018, as its registration by the Central Depositary was performed on 18 July 2018.

[2] As per the Fund’s Extraordinary General Shareholders Meeting Resolution no. 5 of 26 October 2017, the ninth buyback programme refers to the acquisition by the Fund of a maximum number of shares and / or equivalent GDRs corresponding to the Fund’s shares computed so that all the outstanding treasury shares (acquired during this programme and/or previous ones) will not exceed 20% of the subscribed share capital at the relevant time, which represents a total of 1,761,024,502 own shares as of the date of this notification; however, after the cancellation of the shares acquired within the previous / ongoing buyback programmes, the 20% limitation will change and the Fund will notify the market accordingly.