The deal was conducted at a price of RON0.867 per unit on the regulated market (REGS).
Fondul Proprietatea, one of the most traded issuers on the Romanian stock market, reported liquidities of RON1.5 billion at the end of November 2017, and, at the current trading prices, the fund would need nearly RON1 billion to repurchase all 1.2 billion shares of the biggest public offering for the repurchase of shares.
December 15, 2017, the investment manager of Fondul Proprietatea has requested endorsement from the Romanian financial watchdog for its ninth buy-back program and appointed Wood&Company Financial Services to intermediate its public offering. relation to the purchase of global depositary receipts (GDRs).
The Fund intends to repurchase up to 1.2 billion shares (both in the form of shares and GDRs) from its shareholders.