“The shares repurchased during this buyback program will be cancelled. The trade price range for the program is RON0.2 / share to RON 1 / share. This buy-back program implementation will be done exclusively from own sources (“2025 buyback program”). The Fund Manager would like to inform shareholders that Auerbach Grayson and Swiss Capital have been selected to provide brokerage services for the 2025 buyback program,” the Fund said in its report.
The Fund is allowed to buyback daily up to 25% of the average daily volume of the Fund’s shares (whether in the form of ordinary shares or GDRs) on the regulated market on which the purchase is carried out, calculated in accordance with applicable law. AIFM
will report on a weekly basis on the progress of the 2025 buyback program according to the legislation in force.
FP is valued at RON1.2 billion after its shares traded 7.6% lower in 2023, amid deals worth RON31.8 million, as per stock market data. The Fund ended 2024 with net profit of RON339.4 million, compared with loss of RON904.1 million in 2023.