FONDUL PROPRIETATEA SA 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: Acceleration of the sixth buy-back programme by means of a Public Tender Offer initiated by Fondul Proprietatea SA 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 that today, it submitted for approval to the Financial Supervisory Authority (the "FSA") an application for a tender offer for cash of its own shares in relation to the sixth buy-back programme approved by the Shareholders' Resolution no. 5/27 April 2015. The Fund Manager would also like to inform shareholders and investors that it has engaged Wood & Company Financial Services, A.S. as intermediary in relation to the purchase of shares and intends to engage Goldman Sachs International and Wood & Company Financial Services, A.S. as dealer managers and The Bank of New York Mellon as tender agent in relation to the purchase of global depositary receipts ("GDRs"). Under this tender offer, the Fund intends to repurchase up to 430,000,000 shares (both in the form of shares and GDRs) from its shareholders. It is expected that full details of the tender offer, including pricing, will be announced if and when approval is received from the FSA, which is expected to occur within 10 business days according to the regulations in force. In light of this development, the Fund would also like to report that the daily execution of the buy-back programme with respect to shares on the Bucharest Stock Exchange and GDRs on the London Stock Exchange has been suspended from 12 January 2016; any restart after the closing of the tender offer will be announced in due course. Disclaimers: The tender and the purchase of the shares and GDRs will be carried out exclusively in accordance with the terms and conditions of the Tender Offer Document if and when published. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the | Report date: 14 January 2016 Name of the issuing entity: Fondul Proprietatea S.A. Registered office: 78-80 Buzesti St., th 7 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 10,074,080,745.90 Paid-up share capital: RON 9,746,649,630.90 Number of shares in issue: 11,193,423,051 Number of paid shares: 10,829,610,701 Regulated market on which the issued securities are traded: Shares on Bucharest Stock Exchange GDRs on London Stock Exchange |
information contained in this announcement or its accuracy, fairness or completeness. This announcement is not intended to, and does not constitute, or form part of, an offer to sell or an invitation to purchase, exchange or subscribe for any securities in any jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document.
Fondul Proprietatea SA issued this content on 2016-01-14 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-14 17:01:05 UTC
Original Document: http://www.fondulproprietatea.ro/sites/default/files/newsdocs/current_report_tender_0.pdf
