REG - Soc EnergElectricaSA - Final Settlement in ELSA-EFSA litigation

Societatea Energetica Electrica SAAnnouncement

20/11/2020 13:40

RNS Number : 0589G
  
Societatea Energetica Electrica SA
  
20 November 2020
  
 
 
To: Bucharest Stock Exchange (BSE)
      London Stock Exchange (LSE)
      Romanian Financial Supervisory Authority (FSA)
Current report in compliance with the Law no. 24/2017 on issuers of financial instruments and market operations, the Romanian Capital Market Law no. 297/2004, FSA Regulation no. 5/2018 on issuers of financial instruments and market operations and the Bucharest Stock Exchange Code 
 
Report date: 20 November 2020
Company name: Societatea Energetică Electrica S.A.
Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania
Phone/fax no.: 004-021-2085999 / 004-021-2085998
Sole registration code at the trade register: 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 the litigation between Societatea Energetica Electrica SA (Electrica) and Electrica Furnizare SA (EFSA)
Electrica informs the shareholders that, on 19 November 2020, the Supreme Court rejected the request  for review filed by EFSA against the civil decision no. 96/24 February 2020 issued by Bucharest Court of Appeal in the file no. 2869/3/2019 (litigation initially announced on 19 March 2019 through the current report published on BSE - IRIS code 1252D and on LSE - RNS number 3500T; the first two settlements being announced through Current report on BSE and LSE on 24 June 2019, respectively on 25 February 2020). The Supreme Court's decision is final.
 
We reiterate that the claims requested by EFSA in the file no. 2869/3/2019 amounted to RON 17,274,162, representing the value of the invoices paid by EFSA in the absence of supporting documents, as noted by the Court of Accounts through Report no. 2835 / 17 May 2013 and Decision no. 20 / 17 June 2013, as well as the payment of the related legal interest.
 
Chief Executive Officer                                              
Georgeta Corina Popescu                                                      

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