To: Bucharest Stock Exchange Financial Supervisory Authority London Stock Exchange Current report according to Article 99 (s) of the Code of the Bucharest Stock Exchange Market Operator, Title II, Issuers and Financial Instruments Important events to be reported: Approval of the public tender offer in relation to the acceleration of the sixth buy-back programme Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Investment Manager ("the Investment Manager") of Fondul Proprietatea SA ("the Fund"), would like to inform shareholders that the Financial Supervisory Authority approved on 27 July 2016 the Fund's application for a public tender offer in relation to the acceleration of the sixth buy-back programme ("Offer"). The main details of the Offer are: · Value of the Offer: up to 575,000,000 shares in the form of shares and/or global depositary receipts which represent the shares ("GDR"); · Purchase price: RON 0.8420 per share and the USD equivalent of RON 42.10 per GDR, computed in accordance with the terms and conditions of the tender offer documentation; · Subscription period: 3 August 2016 - 7 September 2016; · Allocation method: pro-rata; · Intermediary: WOOD & Company Financial Services a.s.; · Dealer managers: Goldman Sachs International and WOOD & Company Financial Services a.s.; · GDR Tender Agent: The Bank of New York Mellon. The Fund will soon announce the publication of the Offer documentation which contains the details, steps and procedures to be followed for participating in the Offer. Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity of Investment Manager of FONDUL PROPRIETATEA S.A. Adrian Cighi Legal Representative |
Report date:
27 July 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 9,320,973,180.85 Paid-up share capital:
RON 9,011,732,683.35 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 |