Fondul Proprietatea (hereinafter “The Fund”) published today its preliminary financial results for FY 2023 and would like to share several highlights included in the report. Overview of key activities and events undertaking during 2023: • Continued efforts to promote the Fund and raise its visibility, as well as the visibility of the Romanian capital market, the local companies (listed or candidates for being listed), and of Romania in general, in online and in person conferences, roadshows and events; • Completion of the Hidroelectrica SA IPO, in which the Fund sold its entire stake in Hidroelectrica SA and the company was listed on Bucharest Stock Exchange; • Payment to shareholders in June 2023 of the dividend distribution from 2022 annual profit of RON 0.05 per share (RON 269.8 million) – 96.8% of the distribution collected until 31 December 2023; • Payment to shareholders in September 2023 of the special dividend distribution of RON 1.7225 per share (RON 9.2 billion) from Hidroelectrica SA IPO proceeds – 94.5% of the distribution collected until 31 December 2023; • Disposal of the entire Fund’s holding in Enel companies within a transaction completed in October 2023, for a total consideration of RON 650 million; • Signing of the agreement to sell the Fund’s shareholding in Engie Romania SA, that was subsequently approved by shareholders on 13 February 2024; • Completion of the 14th buy-back programme for 2.1 billion shares (1.89 billion in the form of shares and 219.5 million in the form of GDRs). The total value of the programme excluding transaction costs was RON 1,816.7 million; • Completion of the 11th and 12th Tender Offers of 1,895 million shares (1,693.4 million in the form of shares and 201.6 million in the form of GDRs), executed to accelerate the 14th buy-back programme. • Main shareholders’ approvals during 2023: o Decrease of the subscribed and paid-up share capital from RON 3,233,269,110.76 to RON 2,947,779,186.56 pursuant to the cancellation of 549,019,085 own shares acquired during 2022 within the 13th buyback programme. Distribution of a gross dividend of RON 0.05 per share from the 2022 net accounting profit (Payment Date 6 June 2023). Distribution of a special gross dividend of RON 1.7225 per share from Hidroelectrica SA IPO proceeds (Payment Date 29 September 2023). Renewal of the mandate for two Board of Nominees members for a 3-year period following the expiration of their mandates 15 November 2023 and 25 November 2023, respectively. Renewal of FTIS mandate as AIFM and Sole Director of FP for a period 1 year (1 April 2024 – 31 March 2025). - Empowerment of the Board of Nominees to organise a selection procedure for the appointment of a new Sole Director for a mandate not exceeding 4 years from 1 April 2025 - Coverage of the negative reserves related to 12th buy-back programme. - Decrease of the legal reserve in line with the share capital decrease. o Various changes to the Constitutive Act of the Fund. (Details on https://www.fondulproprietatea.ro/)
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