No. 4409/24.10.2018
To: Financial Supervisory Authority
Financial Instruments and Investments Sector
Fax: 021- 659.60.51
Bucharest Stock Exchange – Regulated market
Fax: 021- 256.92.76
From: Bursa de Valori Bucuresti S.A. (Bucharest Stock Exchange)
CURRENT REPORT
according to Regulation no. 5/2018 on issuers of financial instruments and market operations and Law no. 24/2017 on issuers of financial instruments and market operations
Report date: 24 October 2018
Name of the issuing company: BURSA DE VALORI BUCURESTI S.A.
Registered office: 34-36 Carol I Blvd, 13-14 floors, district 2, Bucharest
Phone/fax number: + 4 021/307.95.00, + 4 021/307.95.19
Sole Registration Code with the Trade Register Office: 17777754
Order Number in the Trade Register: J40/12328/2005
Share capital: RON 80,492,460
Regulated market on which the issued securities are traded: Bucharest Stock Exchange – Premium Tier (market symbol: BVB)
Important events to be reported: Completion of the buy-back program of shares
Bursa de Valori Bucuresti S.A. (“BVB” or “the Company”) hereby informs that, on October 23, 2018, it has completed the buy-back program of the Company's own shares under the terms and conditions approved by the Resolution no. 5 of April 12, 2017 of the Extraordinary General Meeting of Shareholders (EGMS), respectively the buyback of a maximum number of 114,285 shares at a minimum price of RON 18 per share and a maximum price which will be the lesser of (i) RON 35 per share and (ii) the higher of the price of the last independent trade and the highest current independent purchase bid, in accordance with the provisions of article 3, para. (2) of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buyback programmes and stabilisation measures.
Through the current report of August 16, 2018, BVB informed the market that it will buy-back its own shares from the market up to a total maximum value of RON 1,000,000, value that was included and allocated in the Budget and Business Plan of 2018 to this program for 2018. Thus, pursuant to the buy-back of shares program initiated on August 20, 2018 and conducted by Banca Comerciala Romana S.A.as intermediary, BVB bought-back 40,071 shares.
Therewith, BVB reports the regulated market the following transactions which occurred under the BVB symbol on October 22, 2018 and October 23, 2018
|
Transaction date
|
Nature of transaction
|
Total number of shares in the reporting period
|
Price/share
(RON)
|
Value
|
|
22.10.2018
|
Rascumparare
|
681
|
24.5000
|
16.684,50
|
|
23.10.2018
|
Rascumparare
|
46
|
24.5000
|
1.127
|
|
Total
|
|
727
|
|
17.811,50
|
Please be reminded that the buyback programme had as purpose the allocation of own shares to the Company’s employees and managers, as well as members of the Board of Governors, according to the Allocation plan as approved through the Resolutions of the Extraordinary General Meetings of Shareholders no. 6 of April 12, 2017 and no. 1 of April 16, 2018.
Adrian Tanase
CEO