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Fondul Proprietatea (FP.)


Wednesday 11 May, 2022

Fondul Proprietatea

Approval of the public tender offer

RNS Number : 1639L
Fondul Proprietatea S.A.
11 May 2022

To:  Bucharest Stock Exchange

               Financial Supervisory Authority

   London Stock Exchange


Current report according to Article 234 para. (1) letter k) of the Financial Supervisory Authority Regulation no. 5/2018 on issuers of financial instruments and market operations, as well as the provisions of Article 99 letter (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 buy-back programme 

Franklin Templeton International Services S.À R.L., in its capacity of alternative investment fund manager and sole director ("AIFM / Fund Manager") of Fondul Proprietatea SA (the "Fund") would like to inform shareholders that the Financial Supervisory Authority approved on 11 May 2022 the Fund's application for a public tender offer in relation to the acceleration of the ongoing buy-back programme (the "Offer").

The main details of the Offer are:

· Value of the Offer : up to 325,000,000 shares in the form of shares and/or global depositary receipts which represent the shares ("GDR")

· Purchase price : RON 2.19 per share and the USD equivalent of RON 109.50 per GDR, computed in accordance with the terms and conditions of the tender offer documentation

· Subscription period : 18.05.2022 - 24.06.2022

· Allocation method : pro-rata

· Intermediary : Swiss Capital S.A.

· Dealer managers : Swiss Capital S.A. together with Auerbach Grayson

· GDR Tender Agent : 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 International Services S.À R.L., acting as Alternative Investment Fund Manager of FONDUL PROPRIETATEA S.A.


Permanent Representative


Report date:

11 May 2022


Name of the issuing entity:

Fondul Proprietatea S.A.


Registered office:

76-80 Buzesti Street

7th floor, district 1,

Bucharest, 011017


Phone/fax number:

Tel.: + 40 21 200 96 00

Fax: +40 31 630 00 48



[email protected]




Sole Registration Code with the Trade Register Office:



Order number in the Trade Register:



Subscribed and paid-up share capital:

RON 3,334,342,422.84


Number of shares in issue and paid-up:



Regulated market on which the issued securities are traded:

Shares on Bucharest Stock Exchange

GDRs on London Stock Exchange






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