Bucharest Stock Exchange Listing Materials

Key Milestones to achieve the successful listing of the Fund on the Bucharest Stock Exchange:

  • August 2010: Registration with the Romanian National Securities Commission (“CNVM”);
  • August 2010: Publication of the Net Asset Value (“NAV”) of the Fund on a monthly basis;
  • September 2010: Franklin Templeton Investment Management Limited UK Bucharest Branch takes over as Fund Manager and Sole Administrator of the Fund.
  • October 2010: Distribution of a RON 1.1 billion dividend (0.0816 RON per share) for 2008 and 2009 (shareholders collected 98% of the total dividends by year-end);
  • November 2010: CNVM approves a new regulation permitting the Fund to calculate the NAV using fair value principles;
  • December 2010: S.C. Fondul Proprietatea S.A. becomes the first fund in Romania to publish NAV applying fair value principles;
  • December 2010: CNVM approves a new regulation to enable the creation of nominee accounts for the first time to facilitate brokerage service in preparation to the forthcoming listing of the Fund;
  • January 2011: Five years after its inception, the Fund is listed on the Bucharest Stock Exchange amidst an intense period of promotional activity both locally and in various European markets to raise awareness of the Fund.

Please see below the documents prepared by the Fund Manager for the listing of Fondul Proprietatea on the Bucharest Stock Exchange:

Listing Materials