Fondul Proprietatea SA (BVB:FP) commences a share repurchase program on April 15, 2024, under the program mandated by shareholders in the Extraordinary General Meeting held on February 13, 2024. As per the mandate, the company is authorized to repurchase up to 1,000,000,000 shares and/or equivalent global depository receipts corresponding to the fund's shares, representing 17.64% of its share capital. The shares will be repurchased at a price between RON 0.2 and RON 1 per share. This program implementation will be done exclusively from the own sources. The purpose of the repurchase program is to reduce the company?s share capital. The program will expire on December 31, 2024. As of January 18, 2024, the company had 5,668,806,128 issued shares.

On April 5, 2024, the company announced a share repurchase program. Under the program, the company will repurchase up to 1,000,000,000 shares and/or equivalent global depository receipts corresponding to the fund's shares. The repurchases will commence from April 8, 2024, and will be valid till December 31, 2024.