The Fund first got the approval for its tender offer on October 24 and the amendment was approved on November 9, Fondul Proprietatea said in a report to the Bucharest Stock Exchange.
Fondul Proprietatea is offering RON1 billion to buy back 30% of its share capital in the largest such share buyback offer on the Bucharest Stock Exchange ever and has raised almost RON51 million so far.
Eight sessions from the start of the tender offer on October 31 and 16 to go until December 5 (November 30 and December 1 are holidays, therefore no trading) investors have put in orders to sell some 80 million shares. At a fixed sale price of RON0.6319, that means about RON51 million sales.
(English version by Loredana Fratila-Cristescu)