Beamr video compression achieves up to 50% improvement for AVs
BUCHAREST - Fondul Proprietatea S.A., a Romanian investment fund, has disclosed its recent buy-back transactions, which took place from April 7 through April 11, 2025, as part of its ongoing 2025 buy-back program. The fund, managed by Franklin Templeton International Services S.À R.L., has been actively purchasing its own shares and Global Depositary Receipts (GDRs) listed on the Bucharest Stock Exchange (BVB) and the London Stock Exchange (LON:LSEG) (LSE), respectively.
During the specified period, Fondul Proprietatea acquired a total of 6,836,837 ordinary shares and 4,509 GDRs, which represent 225,450 shares. The transactions amounted to a total value of approximately 2.46 million Romanian lei (RON) for shares and approximately 17,405 U.S. dollars (USD) for GDRs. The estimated value of the equivalent shares of GDRs, based on the exchange rate from the National Bank of Romania, was about RON 78,926.08.
The buy-backs were conducted within the trading sessions, with Swiss Capital S.A. and Auerbach Grayson acting as the brokers. The weighted average prices for the shares ranged from RON 0.3503 to RON 0.3668, and for GDRs, the prices were between USD 3.8200 and USD 3.9000.
Since the start of 2025, Fondul Proprietatea has bought back 58,384,724 shares and 8,940 GDRs, translating to a total value of RON 21.12 million for shares and USD 35,065.86 for GDRs. Following these transactions, there are 261,168,276 shares remaining to be repurchased under the current buy-back program, which is slated to continue until December 31, 2025.
The buy-back program was approved by the Fund’s Extraordinary General Shareholders Meeting on December 2, 2024, and allows for the acquisition of a maximum of 320 million shares and/or equivalent GDRs. The repurchased shares are set to be cancelled as part of the program.
This information is based on a press release statement from Fondul Proprietatea S.A. and is intended to provide shareholders and investors with updates on the fund’s recent market activities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.