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BUCHAREST - Fondul Proprietatea S.A., a Romanian investment fund, has disclosed its share buyback transactions for the week spanning April 21 to April 25, 2025. The fund, managed by Franklin Templeton International Services S.À R.L., reported the acquisition of 4,777,231 ordinary shares on the Bucharest Stock Exchange (BVB), with the total value reaching approximately 1.83 million Romanian lei.
During the specified period, the fund did not engage in buyback transactions involving its Global Depositary Receipts (GDRs) on the London Stock Exchange (LON:LSEG) (LSE). Notably, the trading of the Fund’s GDRs on the LSE was cancelled as of the morning of April 25, 2025.
The buyback initiative is part of the fund’s 2025 programme, which aims to purchase a maximum of 320 million shares and/or GDRs by December 31, 2025. To date, the fund has bought back 68,780,436 shares and 8,940 GDRs, corresponding to 447,000 shares, for a total expenditure of approximately 25 million Romanian lei and 35,065.86 U.S. dollars.
The average price per share ranged from 0.3760 to 0.3857 Romanian lei over the course of the week. The remaining quota for the 2025 buyback programme stands at 250,772,564 shares, as per the fund’s latest notification.
Fondul Proprietatea’s buyback activities are conducted in compliance with EU regulations and market abuse standards. The transactions are executed within the trading session and the details are publicly disclosed in line with the fund’s commitment to transparency. This report is based on a press release statement issued by Fondul Proprietatea S.A.
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