Fondul Proprietatea Updates Shareholding Structure Accident
Fondul Proprietatea Shares Corrective Measures Taken
Investment fund Fondul Proprietatea S.A. has made an important announcement regarding corrections to its previously reported shareholding structure and total voting rights. This adjustment pertains to a typographical error found in the footnotes of the earlier report.
Details of the Shareholding Correction
The correction clarifies that Fondul Proprietatea acquired 355,642,723 treasury shares during its 15th buyback program, as opposed to the originally reported figure of 86,304,088 shares. This buyback included both regular shares and Global Depository Receipts (GDRs).
Updated GDR Holdings Information
Furthermore, footnote number 4 has been revised to state that Fondul Proprietatea does not hold any GDRs in the BNY holding. Initially, there was an error where 14,061 GDRs, which equate to 703,050 shares, were inaccurately excluded from the report.
Impact of Corrections on Fund Reporting
Importantly, these revisions do not impact the overall shareholding structure or the previously reported number of voting rights. The fund maintains its issued and paid-up share capital at RON 1,849,342,164.28, with a total of 3,556,427,239 shares currently in issue.
Trading Information and Apologies
The shares of Fondul Proprietatea are actively traded on the Bucharest Stock Exchange, and its GDRs are available on the London Stock Exchange. The company has extended its sincere apologies for any confusion caused by the initial error in reporting.
Focus on Transparency
This correction underlines Fondul Proprietatea's commitment to transparency and accuracy in communications with shareholders and the broader market. The company is managed by Franklin Templeton International Services S.À R.L., with Johan Meyer as the Permanent Representative.
Frequently Asked Questions
What was the initial error reported by Fondul Proprietatea?
The initial error involved the incorrect reporting of the number of treasury shares acquired during the buyback program.
How many treasury shares did Fondul Proprietatea actually acquire?
The corrected figure states that Fondul Proprietatea acquired 355,642,723 treasury shares.
Did the correction affect the total voting rights?
No, the correction did not affect the total number of voting rights as initially reported.
Where are Fondul Proprietatea's shares traded?
Fondul Proprietatea's shares are traded on the Bucharest Stock Exchange.
Who manages Fondul Proprietatea?
The company is managed by Franklin Templeton International Services S.À R.L.
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