During the buyback program up to 150m shares will be acquired at RON 1.21 per share and the USD equivalent of RON 60.50 per GDR.

Fondul Proprietatea published a document stating that the Financial Supervisory Authority approved on 9 July 2019 the Fund’s application for a public tender offer in relation to the acceleration of the tenth buyback program.

During the mentioned buyback program up to 150m shares will be acquired at RON 1.21 per share and the USD equivalent of RON 60.50 per GDR.

Note that the buyback program starts on 15 July 2019 and lasts until 19 August 2019.