Fondul Proprietatea will be listed to the London Stock Exchange as of next week


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Fondul Proprietatea – Property Fund (FP) targets the secondary listing on the London Stock Exchange on April 29, or around that date, through certificates of deposit (GDR), the company announced on Monday.
“The Bank of New York Mellon has been appointed by the Fund as depositary bank for GDR facilities and admission to trading of the GDRs on the London Stock Exchange is expected to occur on or around April 29,” reads an update on secondary listing submitted by the Fund to the Bucharest Stock Exchange (BVB).
Fondul Proprietatea shareholders granted in January a new mandate to the company’s manager, valid until July, for listing on the British market.
Manager Greg Konieczny said in January that the Fund might be listed on the secondary list on the London Stock Exchange in April-May, depending on the ASF approval. Subsequently, the FP manager said that the joining of the UK market could take place in early May.

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