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BUCHAREST - Fondul Proprietatea S.A., a Romanian investment fund, has announced the official delisting of its global depositary receipts (GDRs) from the Specialist Fund Segment (SFS) of the London Stock Exchange (LON:LSEG) as of 8:00 a.m. (UK time) today. The cancellation follows a prior report from December 12, 2024, communicating the intent to delist.
The GDRs, under the trading symbol FP. with ISIN US34460G1067, represented ordinary shares of the Fund, with one GDR equivalent to fifty shares. Franklin Templeton International Services S.À R.L., serving as the alternative investment fund manager and sole director of the Fund, confirmed the delisting.
The move to delist the GDRs from the London Stock Exchange does not affect the Fund’s shares traded on the Bucharest Stock Exchange. Fondul Proprietatea’s shares continue to be available for trading on the Romanian market, where the Fund is based.
The delisting of the GDRs from the London Stock Exchange is a significant change for investors holding these instruments, as they will no longer be able to trade them on this international platform. Shareholders of the Fund may need to consider alternative strategies for their investments following this development.
Fondul Proprietatea was established to compensate Romanians whose properties were confiscated by the former communist government and has been an active part of both Romanian and international stock markets. The Fund’s share capital remains at RON 1,849,342,164.28, with 3,556,427,239 shares issued and fully paid.
This news is based on a press release statement from Fondul Proprietatea S.A., disseminated via RNS, the news service of the London Stock Exchange. The decision to delist has been taken in accordance with the regulations set forth by the Financial Supervisory Authority and the Bucharest Stock Exchange. The Fund has not provided any further details on the reasons behind the delisting or any future plans regarding its GDRs.
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