Romania’s Financial Supervisory Authority (ASF) accepted this system for the process beneath which Fondul Proprietatea (BVB: FP) appears for to redeem 269 quite a few its 5.67 billion shares with the intention to decrease the share sources of the fund, in accordance with an ASF file launched on the web website of the Bucharest Stock Exchange (BVB).
The value of FP’s shares elevated by over 3% upon the information on September 4.
The redemption value will definitely be run at a charge of RON 0.6622, which has to do with 70% greater than the prevailing market worth, Bursa.ro reported.
The buyback system will definitely occur in between September 11 and September 25 this yr.
The process belongs to the extra complete buyback program accepted by FP buyers in February 2024, whereby the thumbs-up was provided to the procurement all through this yr of at many one billion very personal shares (within the type of protections detailed on the BVB or worldwide deposit slips detailed on the London Stock Exchange), at prices in between RON 0.2-1.0 per share (for the protections detailed on the BVB).
iulian@romania-insider.com
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