REG - Soc EnergElectricaSA - Final table of debts owed by Oltchim SA

Societatea Energetica Electrica SAAnnouncement

04/02/2022 16:10

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220204:nRSD7935Aa&default-theme=true

RNS Number : 7935A  Societatea Energetica Electrica SA  04 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 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: 4 February 2022

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: Publication in the Insolvency Proceedings
Bulletin (IPB) of the final updated consolidated table of the debts owed by
the debtor Oltchim S.A.

 

Electrica informs the shareholders and investors that on 3 February 2022, the
final updated consolidated table of the debts owed by Oltchim S.A. was
published in IPB no. 2049/03.02.2022. The table was updated mainly because of
the decision of the European Tribunal of Justice in Luxembourg, pronounced on
15 December 2021, in case T565/19, a decision that partially annulled the
Decision of the European Commission no. C (2018) 8592 final, dated 17.12.2018,
which established a series of measures regarding the recovery by Romania of
the state aid granted to Oltchim SA, in violation of art.108 paragraph 3 of
the TFEU, through some companies, including Electrica. In its ruling, the
European court annulled several measures to recover state aid established by
the European Commission, including Measure 3, which also refers to the total
sums in amount of RON 554,959,671.97 (RON 45,106,237.96 representing the
secured debt and the amount of RON 509,853,434.01 representing the unsecured
debt), considered state aid with which Electrica was listed in the table of
debts.

The decision is enforceable, but not final, and can be contested by the
European Commission within two months since its communication.

In the final updated consolidated table, Electrica is registered with (i) the
amount of RON 116,058,538  representing the secured claim, with the right to
vote, (ii) the amount of RON 45,106,237.96 lei representing the secured claim
registered under the condition precedent of pronouncing a final decision
amending the decision of the EU Tribunal, without the right to vote and (iii)
the amount of RON 509,853,434.01 representing the unsecured debt registered
under the condition precedent of the pronouncement of a final decision
amending the decision of the EU Tribunal, without the right to vote.

 

CEO
 
 

Georgeta Corina POPESCU

 

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  MSCEAKALEEXAEFA