REG - Soc EnergElectricaSA - Acquisition of the photovoltaic project company

Societatea Energetica Electrica SAAnnouncement

06/02/2023 17:00

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RNS Number : 0751P  Societatea Energetica Electrica SA  06 February 2023

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, the Romanian Capital Market Law no.
297/2004, FSA Regulation no. 5/2018, and the Bucharest Stock Exchange Code

Report date: 6 February 2023

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

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

Phone no.: 004-021-2085999

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:

Closing of the acquisition of the project company Green Energy Consultancy
& Investments S.R.L.

 

Electrica informs the shareholders and investors that, on 6 February 2023, has
closed the acquisition, from Mr. Vlad-Mihai Ungureanu and Mr. Tudor-Nicolae
Ungureanu, of the project company Green Energy Consultancy & Investments
S.R.L, having as main object of activity the production of energy from
photovoltaic sources.

Green Energy Consultancy & Investments S.R.L. develops the photovoltaic
project "Vulturu", with a designed installed capacity of 12 MWp DC (peak power
at the panels level) and 9.75 MW AC (authorised power for delivery into the
grid), located near Vulturu locality, Vrancea county. The project is in the
"ready-to-build" phase.

The transaction in question is in line with the 2019-2023 Electrica Group
strategy, which envisages the expansion in the value chain of electricity,
especially in the power production from renewable energy sources.

Electrica informed the capital market on 6 July 2022 regarding the signing of
the sales and purchase agreement for the acquisition of 100% of the shares in
the Green Energy Consultancy & Investments S.R.L. company through the
following announcements:

BSE - IRIS code 39643:
https://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/EL-Semnare-acord-cumparare-proiect-fotovoltaic-Vulturu/39643
(https://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/EL-Semnare-acord-cumparare-proiect-fotovoltaic-Vulturu/39643)

LSE - RNS Number 5386R:
https://www.londonstockexchange.com/news-article/ELSA/signing-of-spa-energy-production-project-from-res/15528713
(https://www.londonstockexchange.com/news-article/ELSA/signing-of-spa-energy-production-project-from-res/15528713)

For more information, please contact Electrica at ir@electrica.ro.

 

 

Chief Executive Officer
 
 
 

Alexandru - Aurelian
Chirita
 

 

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