REG - Soc EnergElectricaSA - Expansion of EFSA's activity in Hungary

Societatea Energetica Electrica SAAnnouncement

03/02/2022 16:30

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RNS Number : 6594A  Societatea Energetica Electrica SA  03 February 2022

To:      Bucharest Stock Exchange (BSE)

            London Stock Exchange (LSE)

            Romanian Financial Supervisory Authority (FSA)

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

Report date: 3 February 2022

Company name: Societatea Energetica Electrica S.A.

Headquarters: 9 Grigore Alexandrescu Street, 1st 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), London Stock Exchange (LSE)

Significant events to be reported: Expansion of Societatea Electrica Furnizare
SA (EFSA) activity in Hungary

Societatea Energetica Electrica SA ("Company" or "Electrica") informs the
shareholders and investors that, by the Decision no H879/2022 of the Hungarian
Energy and Public Utility Regulatory Authority, the electricity trading
License was granted to EFSA - the Company's supply subsidiary. This licence
will allow EFSA to register and trade electricity in Hungary, on the wholesale
market, including the derivatives market, the operations being performed at
EFSA headquarters.

The action is in line with the Electrica Group's strategy, the expansion of
operations in the Hungarian market contributing to the achievement of the
regional development objective in order to ensure the balance between
long-term value creation and profit maximization for shareholders.

 

CEO
 
 

Georgeta Corina Popescu
 
 

 

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