REG - Soc EnergElectricaSA - Litigation - Final Settlement of DEER Litigation

Societatea Energetica Electrica SAAnnouncement

30/04/2024 15:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240430:nRSd6611Ma&default-theme=true

RNS Number : 6611M  Societatea Energetica Electrica SA  30 April 2024

To:                              Bucharest Stock
Exchange (BSE)

                                    London
Stock Exchange (LSE)

Romanian Financial Supervisory Authority (FSA)

 

Current report in compliance with the Law 24/2017 on issuers of financial
instruments and market operations, FSA Regulation no. 5/2018, and the
Bucharest Stock Exchange Code

Report date: 30 April 2024

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1(st) District, Bucharest,
Romania

Phone/fax no.: 004-021-2085999/004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock
Exchange (BSE) and London Stock Exchange (LSE)

Significant events to be reported: final settlement of DEER case no.
375/1285/2021

Electrica informs shareholders and investors that, on 23 April 2024, the High
Court of Cassation and Justice definitively settled the case initiated by Grup
4 Instalatii S.A. and continued by G4 Electrice S.A., as a result of the
division of Grup 4 Instalăţii S.A., against DEER, having no. 375/1285/2021.

On merits, the Court partially admitted the specified action and obliged the
defendant to leave the plaintiff full ownership and peaceful use of the land
with an area of 10720 square meters, registered in CF 297841, having no.
cadastral 297841, located in Cluj-Napoca, 28A Ilie Măcelaru Street, 2 Uzinei
Electrice Street, Cluj County, as identified in the expert report, with the
defendant continuing to use the land on which the C5 and C6 buildings are
located, in its ownership. The court obliged the defendant to leave to the
plaintiff the full ownership and peaceful use of the buildings having no.
cadastral 297841 - C1, with a built-up area of 448 sqm, 297841 - C2, with a
built-up area of 512 sqm, 297841 - C3, with a built-up area of 171 sqm, 297841
- C4, with a built-up area of 338 sqm, located in Cluj-Napoca, 28A Ilie
Măcelaru Street, 2 Uzinei Electrice Street, Cluj County, as they were
identified in the expert report drawn up in the case. At the same time, the
court ordered the registration of the ownership right in favor of the
plaintiff over the land with an area of 10720 square meters, registered in CF
297841, having no. cadastral 297841, located in Cluj-Napoca, 28A Ilie
Măcelaru Street, 2 Uzinei Electrice Street, Cluj County, and on the
constructions with no. cadastral 297841 C1 - C4, located in Cluj - Napoca, 28A
Ilie Măcelaru Street, 2 Uzinei Electrice Street, Cluj County, as identified
in the expert report drawn up and rejects, as unfounded, the demands
requesting the rectification of entries in the land register in the sense of
canceling the registration decisions and erasing the defendant's property
right.

On appeal, the Cluj Court of Appeal admitted the exception of illegality of
the Certificate of Attestation of the Property Right series M03 no. 8696 of
28.08.2003 issued by the Ministry of Economy and Trade, invoked by the
plaintiff respondents Grup 4 Instalăţii SA and G4 Electrice SA and rejecting
the appeal made by DEER.

In recourse, the Court found null the recourse declared by the Ministry of
Economy, Entrepreneurship and Tourism against civil decision no. 243A/2023 of
September 28, 2023, pronounced by the Cluj Court of Appeal and definitively
reject the DEER appeal.

The object of the litigation was the obligation of DEER to recognize and
respect the property rights of G4 Instalatii S.A. regarding the buildings
located in Cluj Napoca, 28A Ilie Măcelaru Street, 2 Uzinei Electrice Street,
registered in CF 297841 Cluj Napoca with cadastral no. 297841, consisting of
land with an area of 10720 sqm and constructions: construction registered in
CF with cadastral no. 297841-C1, building administrative headquarters with an
area of 1560 sqm; body A, building cadastral no. 297841-C2 - 512 sqm, body B,
building cadastral no. 297841 -C3 - 171 sqm, building C, building cadastral
no. 297841 - C4 - 338 sqm, building D, building cadastral no. 297841-C6 - 348
sqm - 110/10 Kw Transformer Station. At the same time, the handover of the
above buildings and the rectification of the CF registrations were requested
in the sense of canceling the closings of the tabulation by which the property
right of DEER was registered, the deletion of the property right from the CF,
the registration of the property right in favor of G4 Instalatii.

 

Head of Legal Department

Stefania ANDRUHOVICI

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDWPURACUPCGWU