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Sept 20 (Reuters) - Fondul Proprietatea <FP.BX>:says announces agreement to sell 1.454 billion existing shares in omv petrom <<<ROSNP.BX>>>.Franklin Templeton Investment Management Ltd. announces the agreement to sell 1.454 billion existing shares in OMV Petrom S.A. (“Petrom”).With the shares' selling price agreed at 0.2750 lei/share, the gross proceeds of the transaction amount to 399.85 million lei; Petrom will not receive any proceeds from the transaction..says subject to successful settlement completion, the Fund’s remaining participation in Petrom is of 9.9985% of its share capital..Goldman Sachs International, WOOD & Company Financial Services, A.S. and Banca Comerciala Romana acted as Joint Bookrunners for the Transaction..
Sept 19 (Reuters) - Block Trade - Omv Petrom S.A. <ROSNP.BX>::BOOKRUNNER SAYS LAUNCH OF AN ABB OFFERING TO INSTITUTIONAL INVESTORS OF 1.454 BILLION SHARES IN OMV PETROM S.A..BOOKRUNNER SAYS BOOKBUILDING WILL COMMENCE IMMEDIATELY.GOLDMAN SACHS INTERNATIONAL, WOOD & COMPANY FINANCIAL SERVICES, A.S. WILL ACT AS JOINT BOOKRUNNERS FOR TRANSACTION.
Romania's investment fund Fondul Proprietatea Sa <FP.BX> : Says to start seventh share buyback programme on Sept. 29. . Says it aims to buy up to 10 percent of its stock at prices ranging from 0.2 lei per share to 2 lei ($0.5040). . Says maximum amount allocated to the programme stands at 409.63 million lei ($103.23 million). . Says buyback purpose is to lower share capital by cancelling the acquired shares. Fund aims to narrow the discount between its net asset value and its stock price. . The $2.2 billion fund is managed by global investment manager Franklin Templeton. . Says Wood&Company Financial Services and Goldman Sachs International will provide brokerage services. . For more: ((http://www.fondulproprietatea.ro/sites/default/files/newsdocs/current_report_updates_on_buyback_programmes_28_sep_2016.pdf)) Further company coverage: [FP.BX] ($1 = 3.9681 lei) (Reporting by Luiza Ilie) ((email@example.com;)).
Societatea Nationala de Gaze Naturale Romgaz SA:Says Fondul Proprietatea SA sold its 23,827,960 shares held in Societatea Nationala de Gaze Naturale Romgaz SA on April 21.Financial details were not disclosed.
Fondul Proprietatea SA (FP):Announces details on the agreement to sell an aggregate of 22,542,960 existing shares in Societatea Nationala de Gaze Naturale Romgaz SA (Romgaz) to qualified investors and certain other investors not exceeding 150 natural or legal persons per member state, other than qualified investors.Says out of 22,542,960 existing shares, 20,286,910 are in the form of shares and 2,256,050 in the form of global depositary receipts, aggregate representing 100 percent of FP’s participation in Romgaz.Says the shares were priced at 24.00 Romanian lei and $6.09 (in relation to disposals via dollar-denominated global depositary receipts, based on the National Bank of Romania’s exchange rate of 3.9434 lei per $1 as of April 20.Says the gross proceeds of the transaction amount to 541,031,040 lei per $137,199,128.Says Romgaz will not receive any proceeds from the transaction.Says Goldman Sachs International and WOOD & Company Financial Services a.s. acted as the joint global coordinators and joint book-runners in the transaction, and Banca Comerciala Romana S.A. as joint lead manager.
Fondul Proprietatea SA (FP):Announces the launch of an accelerated book-build offering of up to 22,542,960 existing shares in Societatea Nationala de Gaze Naturale Romgaz SA (Romgaz) in the form of shares and global depositary receipts (the Transaction).Says the Transaction is addressed solely to qualified investors and/or certain other investors not exceeding 150 natural or legal persons per member state other than qualified investors.Says book-building will commence immediately.Says Goldman Sachs International and WOOD & Company Financial Services a.s. will act as the joint global coordinators and joint book-runners in the Transaction, and Banca Comerciala Romana S.A. as joint lead manager.Says the Transaction comprises up to 22,542,960 existing shares, equivalent to up to 5.8488 percent of the existing share capital of Romgaz, or 100 percent of FP’s holding in Romgaz.Says Romgaz will not receive any proceeds from the Transaction.Says a further announcement will be made following the pricing of the Transaction.
Societatea Nationala Nuclearelectrica SA:Says that on April 18, the hearing in the case 40046/3/2014 filed with the Bucharest court of law took place, on the subject of the annulment of the resolution eight per Oct. 6, 2014 of the extraordinary general meeting of shareholders, plaintiff Fondul Proprietatea SA.Says the court of law requested additional information from the ministry of public finance and established a new trial date in the case for May 30.
Fondul Proprietatea SA (FP):Announces an update on all ongoing cases between Ioana Sfiraiala (the Litigant) and FP.Notes that, of the four ongoing litigations, only two pertain to the annulment of shareholders’ resolutions and these are in the final appeal phase, having been won in the first instance by FP.Notes that the Bucharest Court announced on March 29, that it has rejected the Litigant’s claim in file number 16453/3/2013 (retrial phase).Says that the said Litigant’s claim targeted the annulment of a shareholders’ resolution.Says the court’s decision is not final, being subject to appeal.
Fondul Proprietatea SA (FP):Says no agreement was reached in the negotiations with Societatea Comerciala de Distributie si Furnizare a Energiei Electrice Electrica (Electrica) regarding a potential transaction between FP and Electrica.Says the transaction is in relation to FP’s stakes in the companies in which Electrica is the majority shareholder: Electrica Distributie Transilvania Sud SA, Electrica Distributie Transilvania Nord SA, Electrica Distributie Muntenia Nord SA and Electrica Furnizare SA.Says the final price offered by Electrica was 790 million Romanian lei and included 106 million lei in 2016 dividends from the subsidiaries for the 2015 financial year that FP will have to transfer to Electrica.Says the effective price offered by Electrica for FP’s holdings in the subsidiaries was 684 million lei.Says that after several rounds of negotiations, FP’s final asking price was lowered to 805 million lei to be paid by Electrica for the 22 percent holdings in the four subsidiaries.Says that to make the transaction more attractive and underline FP’s willingness to reach an agreement, PF also offered to pay back to Electrica 36 million lei received as dividends from the subsidiaries, from a total of 106 million lei to which FP is entitled for the 2015 financial year.In conclusion, the net cash value for Electrica would have been 769 million lei.
Societatea Comerciala de Distributie si Furnizare a Energiei Electrice Electrica (Electrica):Says that according to the mandate given by the meeting of shareholders through resolution three of Nov. 10, 2015, Electrica was empowered to negotiate with Fondul Proprietatea SA (FP) in relation to a potential acquisition by Electrica of the minority participations held by FP in its subsidiaries.Says the subsidiaries are FREE Electrica Distributie Muntenia Nord SA, FDEE Electrica Distributie Transilvania Sud SA, FDEE Electrica Distributie Transilvania Nord SA and Electrica Furnizare SA.Says that the negotiations between Electrica and FP in relation to the transaction were ceased, since no consensus was reached regarding the transactions' price.Says Electrica's last firm non-negotiable price, from March 24, was of 790 million Romanian lei, in line with the firm offer received from FP in March 2015, and with the recent discussions.Says that FP sent Electrica a letter through which it declines this offer.Says FP asked for a price of 875 million lei.
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