BUCHAREST - Fondul Proprietatea SA, a Romanian investment fund, has declared a closed trading period starting from December 15, 2024, to January 15, 2025, as per the notification to the Bucharest Stock Exchange, Financial Supervisory Authority, and London Stock Exchange (LON:LSEG).
During this one-month period, insiders, as defined by FSA Regulation no. 5/2018, Law no. 24/2017, and EU Regulations no. 522/2016 and no. 596/2014, are prohibited from trading the Fund's shares or related financial instruments. This restriction applies to both personal accounts and third-party transactions, directly or indirectly.
The trading blackout coincides with the 30 days leading up to the release of the Fund's 2024 Preliminary Annual Financial Results, which are scheduled to be published on January 15, 2025. The measure is a standard compliance procedure to prevent insider trading and ensure market fairness during significant financial events.
Fondul Proprietatea, managed by Franklin Templeton International Services S.À R.L as the sole director and alternative investment fund manager, is listed on the Bucharest Stock Exchange with shares and on the London Stock Exchange with Global Depository Receipts (GDRs).
The fund, established in 2005, has a paid-up share capital of RON 1,849,342,164.28 and a total number of issued and fully paid shares amounting to 3,556,427,239. The closed trading period is a routine corporate governance practice intended to maintain transparency and equity in the trading of its financial instruments.
Investors and stakeholders are advised to take note of the closed trading period, as trading restrictions for insiders are strictly enforced in accordance with the applicable regulations. This announcement is based on a press release statement from Fondul Proprietatea.
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