To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange Current report according to Article 113 of the Romanian National Securities Commission Regulation no. 1/2006 regarding the issuers and the operations with securities, as subsequently amended and completed, as well as the provisions of Article 99 of the Code of the Bucharest Stock Exchange, Title II, Issuers and Financial Instruments. Important events to be reported: Registration with the Trade Registry of the cancellation of the shares acquired during the fifth buy-back programme Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch ("the Fund Manager"), in its capacity as sole director and fund manager of Fondul Proprietatea SA ("the Fund"), would like to inform shareholders and investors that on 14 March 2016, the Trade Registry registered Resolution no. 8 / 29 October 2015 of the Fund's Extraordinary General Shareholders for approving the decrease of the subscribed share capital from RON 10,074,080,745.90 to RON 9,869,265,720.90, pursuant to the cancellation of 227,572,250 own shares acquired by the Fund during the fifth buyback programme ("EGM Resolution no. 8/29 October 2015"), endorsed by the Financial Supervisory Authority's Endorsement no. 74 / 25 February 2016 ("FSA Endorsement no. 74/25 February 2016"). Therefore, starting with 14 March 2016, the new value of the Fund's subscribed share capital is RON 9,869,265,720.90, being divided into 10,965,850,801 shares with a nominal value of RON 0.90 / share. The value of the paid-up share capital is RON 9,541,834,605.90, being divided into 10,602,038,451 shares. Please note that, according with Article 14 paragraph (1) of FSA's Regulation no. 4/2013 on global depositary receipts ("GDRs"), the number of GDRs that can be issued is limited to 1/3 of the total number of shares issued by the Fund. Considering the share capital decrease mentioned above, the new limit of shares that can be converted to GDRs is 3,655,283,600 shares (equivalent to 73,105,672 GDRs, with one GDR representing 50 shares). Moreover, we remind that, as previously reported, The Bank of New York Mellon, the depositary bank of the GDRs relating to a part of the Fund's shares, was holding 3,731,141,000 shares, equivalent to 74,622,820 GDRs as at 29 February 2016 (thus reaching the limit for GDR issuance of 1/3 of the Fund's issued share capital). Please find enclosed herein the English translation of the FSA's Endorsement no. 74 / 25 February 2016. Please note that the Fund's Constitutive Act in force can be accessed on the Fund's webpage here: http://www.fondulproprietatea.ro/sites/default/files/constitutive_act_updated_at_14_march_2016.pdf. Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting as Sole Director on behalf of FONDUL PROPRIETATEA S.A. Oana Valentina TRUĊ˘A Legal Representative |
Report date:
15 March 2016 Name of the issuing entity:
Fondul Proprietatea S.A. Registered office:
78-80 Buzesti St.,
7th floor, district 1,
Bucharest, postal code 011017 Phone/fax number:
Tel.: + 40 21 200 9600
Fax: + 40 21 200 9631 Sole Registration Code with the Trade Register Office:
18253260 Order number in the
Trade Register:
J40/21901/2005 Subscribed share capital:
RON 9,869,265,720.90 Paid-up share capital:
RON 9,541,834,605.90 Number of shares in issue: 10,965,850,801 Number of paid shares: 10,602,038,451 Regulated market on which the issued securities are traded:
Shares on Bucharest Stock Exchange GDRs on London Stock Exchange |