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fondulproprietatea.ro
Annual Sole Director’s Report 2022
Consequently, starting 19 October 2022, the new value of the Fund’s subscribed and paid-up share
capital is RON 3,233,269,110.76, being divided into 6,217,825,213 shares, each share having a nominal
value of RON 0.52.
GDR facility
The GDR facility is limited to one-third of the Fund’s subscribed share capital under the Romanian
securities regulations, or 41,452,168 GDRs (2,072,608,400 shares equivalent) as at 31 December
2022, each GDR representing 50 shares. As at 31 December 2022, 778,694,650 of the Fund’s issued
shares were held by The Bank of New York Mellon, the GDR depositary bank, accounting for
15,573,893 GDRs, representing 37.57% of the GDR facility.
Evolution of the Fund’s share capital since listing
The following table presents information on the main events during the period from 1 January 2011
until 31 December 2022, which have changed the amount of the issued share capital of the Fund.
Structure of the share capital after event
Date Event
Issued share
capital (RON)
Paid share
capital (RON)
Issued shares
(Shares)
Paid shares
(Shares)
1 Jan 2011 Opening balance 13,778,392,208.00 13,778,392,208.00 13,778,392,208 13,778,392,208
24 Feb 2014 Cancelation of shares
1
st
BB programme
13,538,087,407.00 13,172,832,785.00 13,538,087,407 13,172,832,785
25 Jun 2014 Decrease for annual
cash distribution to
shareholders
12,861,183,036.65 12,515,396,724.25 13,538,087,407 13,174,101,815
26 Sep 2014 Cancelation of shares
2
nd
BB programme
11,815,279,886.85 11,469,656,813.90 12,437,136,723 12,073,322,962
27 Jan 2015 Cancelation of shares
3
rd
BB programme
11,575,064,733.65 11,229,443,001.15 12,184,278,667 11,820,466,317
31 May 2015 Decrease for annual
cash distribution to
shareholders
10,965,850,800.30 10,638,419,685.30 12,184,278,667 11,820,466,317
12 Aug 2015 Cancelation of shares
4
th
BB programme
10,074,080,745.90 9,746,649,630.90 11,193,423,051 10,829,610,701
14 Mar 2016 Cancelation of shares
5
th
BB programme
9,869,265,720.90 9,541,834,605.90 10,965,850,801 10,602,038,451
9 Jun 2016 Decrease for annual
cash distribution to
shareholders
9,320,973,180.85 9,011,732,683.35 10,965,850,801 10,602,038,451
26 Oct 2016 Partial cancelation of
shares 6
th
BB
programme
9,168,314,116.70 8,859,073,619.20 10,786,251,902 10,422,439,552
18 Jan 2017 Partial cancelation of
shares 6
th
BB
programme
8,562,968,634.10 8,253,728,136.60 10,074,080,746 9,710,268,396
24 Mar 2017 Decrease for covering
accounting loss and for
extraordinary cash
distribution to
shareholders
5,742,226,025.22 5,534,852,985.72 10,074,080,746 9,710,268,396
16 Jun 2017 Decrease for annual
cash distribution to
shareholders
5,238,521,987.92 5,049,339,565.92 10,074,080,746 9,710,268,396