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Fondul Proprietatea (FP.)

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Thursday 11 January, 2018

Fondul Proprietatea

FSA approval of the public tender offer

RNS Number : 5501B
Fondul Proprietatea S.A.
10 January 2018
 

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 ninth buy-back programme 

Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, in its capacity as Investment Manager (the "Investment Manager") of Fondul Proprietatea S.A. (the "Fund"), would like to inform shareholders that the Financial Supervisory Authority approved on 10 January 2018 the Fund's application for a public tender offer in relation to the ninth buy-back programme (the "Offer").

The main details of the Offer are:

·     Value of the Offer: up to 1,200,000,000 shares in the form of shares and/or global depositary receipts which represent the shares ("GDRs");

·     Purchase price: RON 0.935 per share and the USD equivalent of RON 46.75 per GDR, computed in accordance with the terms and conditions of the Offer documentation;

·     Subscription period: 18 January 2018 - 23 February 2018;

·     Allocation method: pro-rata;

·     Intermediary: WOOD & Company Financial Services, a.s.;

·     Dealer managers: Jefferies International Limited 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 acting as Investment Manager of FONDUL PROPRIETATEA S.A.

 

Johan Meyer

Legal Representative

Report date:

10 January 2018

Name of the issuing entity:

Fondul Proprietatea S.A.

Registered office:

78-80 Buzesti Street

7th floor, district 1,

Bucharest, 011017

Phone/fax number:

Tel.: + 40 21 200 9600

Fax: + 40 21 200 9631

Email:

[email protected]

Internet:

www.fondulproprietatea.ro

Sole Registration Code with the Trade Register Office:

18253260

Order number in the Trade Register:

J40/21901/2005

Register on Data Protection Notification Register under number:
18668 

Subscribed share capital:

RON 4,854,034,784.56

Paid-up share capital:

RON 4,664,852,362.56

Number of shares in issue:

9,334,682,278

Number of paid shares:

8,970,869,928

Regulated market on which the issued securities are traded:

Shares on Bucharest Stock Exchange
GDRs on London Stock Exchange

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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