Fondul Proprietatea will carry out, between July 15, 2019 and August 19, 2019, a program for the repurchase of 150 million shares, at a price of RON1.21 per share, 13% higher than the closing price during the trading session the day before the ASF’s announcement. The offer is RON182 million.
The method of allotment is pro-rata and Banca Comerciala Romana (BCR) is the intermediary.
Fondul Proprieatea has a market capitalization of RON9.7 billion and its shares have grown by 21% since the beginning of 2019, without considering the dividend yield.