FP head: We want to take the market by surprise, to be a kind of Central Bank with FP shares

Greg Konieczny, manager of Fondul Proprietatea (FP) and one of the most influential professionals on the domestic capital market, is speaking for the first time about how the Fund will repurchase stock from the market. The stake of this operation is huge, so that the managers, just like the major Central Banks, are betting on the surprise element to support FP share price.
Technically, FP, managed by Britain's Franklin Templeton, can repurchase its shares from the market up to a cap of 1.377 billion shares, accounting for 10% of the capital, worth around 200m euros, at current prices.
The programme can start after the first 20 trading sessions with FP stock, ends on March 1, 2012, and, according to European directives, the Fund can buy back a stock volume accounting for 25% in the average daily trading volume of previous sessions.
The manager says there is no price limit for intervention, or a level of discount against net asset value, considering such a repurchase programme has as a certain target boosting the price of FP shares.
The manager's strategy is to act like a Central Bank that intervenes on the forex market to appreciate/depreciate the national currency.
"We will not make any announcement before repurchasing. We want to take the market by surprise and act like a Central Bank. (...)," said Konieczny.