REG - Soc EnergElectricaSA - Merger in principal of the DSOs within the Group

Societatea Energetica Electrica SAAnnouncement

28/05/2020 14:00

RNS Number : 2555O
  
Societatea Energetica Electrica SA
  
28 May 2020
  
 

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: 28 May 2020
Company name: Societatea Energetica Electrica S.A. (Electrica)
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) and London Stock Exchange (LSE)
 
Significant events to be reported: Approval in principal of the merger of the three distribution companies within Electrica Group
Electrica informs that, on 27 May 2020, Electrica's Board of Directors mandated Electrica's representative in the General Meetings of Shareholders (GMS) of the three distribution companies within Electrica Group ("the Companies") to vote for the approval in principal of the initiation and participation at the merger through absorption between Societatea de Distributie a Energiei Electrice Transilvania Nord SA, Societatea de Distributie a Energiei Electrice Transilvania Sud SA and Societatea de Distributie a Energiei Electrice Muntenia Nord SA, the absorbing company being Societatea de Distributie a Energiei Electrice Transilvania Nord SA.  
This initiative is one of the main pillars of Electrica Group's Strategy for the period 2019-2023.  
 
We mention that the merger through absorbtion of the three companies within Electrica Group will take place after the approval of the absorbed companies' dissolution, in compliance with the necessary corporate approvals.  
 
Chief Executive Officer
Georgeta Corina Popescu


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