In other words, for every 100 shares offered for sale to the Fund, an investor will actually get to sell 14.5 shares. The total number of shares bought back stands at 269 million – 255.5 million as shares per se and 13.5 million as global depositary receipts (GDRs).
A total of 1.75 billion shares were subscribed as such and 92.47 million as GDRs.
The purchase price was RON0.6622 per share and USD equivalent of RON33.11 per GDR. Fondul Proprietatea will return on September 26 with an announcement about the exact exchange rate applicable to GDRs.
(English version by Loredana Fratila-Cristescu)