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ELSA Societatea Energetica Electrica SA News Story

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REG - Soc EnergElectricaSA - Ex-HR Manager litigation





 




RNS Number : 9193B
Societatea Energetica Electrica SA
04 February 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: 4 February 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:

 

Action filed by plaintiff Dana Alexandra Dragan against the defendant Societatea Energetica Electrica SA (Electrica) for the payment of certain amounts of money allegedly due based on the mandate agreement.

 

Electrica informs the shareholders and investors about the fact that, on 3 February 2020, the Company has received an action in court, the plaintiff requesting:

 

1.  Obligation of Electrica to pay to the plaintiff the non-competition fee provided by art. 5.2.3 of the Mandate Agreement no. 15 / 25.09.2017, in a total gross value of 102,576 euros, as well as updating these amounts with the inflation rate, respectively granting penalty interests calculated from the due date until the date of the actual payment of the amounts by Electrica;


2. The re-qualification of the activity carried out in Electrica, between 05.10.2016-30.08.2017, as being specific to a commercial mandate agreement and the obligation of Electrica to pay the difference between the remuneration provided by the mandate agreement and the salaries paid under the employment agreement during the period 05.10.2016-30.08.2017, in estimated total gross value of 189,501 lei, as well as updating these amounts with the inflation rate, respectively granting penalty interests calculated from the due date until the actual payment of the amounts by Electrica;


3. Obligation of Electrica to recalculate and pay the gross annual variable remuneration due for 2017, according to the Mandate Agreement, by reference to the recognition of the activity carried out during the period 05.10.2016-30.08.2017 as being specific to a commercial mandate agreement, as well as to the recalculated value of the remuneration due for this period, in a total gross value of 6,865.71 euros, including updating these amounts with the inflation rate, respectively granting penalty interests calculated from the due date until the actual payment of the amounts by Electrica;

The case was registered before the Bucharest Tribunal, VI Civil Section, under no. 38532/3/2019.


We mention that Mrs. Dana Alexandra Dragan was Chief Human Resources Officer for a limited period of 1 year. Mrs. Dragan is still in contractual relations with the Company, respectively she has the quality of employee of the company, the obligation of non-competition subsisting in the charge of Mrs. Dragan in her quality of employee.

 

 

Chief Executive Officer                                                                      Chief Strategy Officer

Georgeta Corina POPESCU                                                              Anamaria ACRISTINI-GEORGESCU

 

 

 


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 or visit www.rns.com.
 
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