The program may reach RON229.35 million, per calculations by Ziarul Financiar based on a stock market report released Wednesday.
The number of shares that make the object of the offering represents 2.3% of FP’s share capital, while the purchase price set is higher by 6% than the market price, per ZF calculations.
The program will be carried out between November 12 and December 16, 2020.
SSIF Swiss Capital, which requested the financial watchdog’s approval, will act as intermediary of the offering.
Fondul Proprietatea has a market value of RON9.4 billion and its shares have been trading up 7.4% since the beginning of 2020, amid deals worth RON1.25 billion.