REG - Soc EnergElectricaSA - Final settlement of the dispute Electrica - SAPE

Societatea Energetica Electrica SAAnnouncement

01/07/2020 16:45

RNS Number : 7686R
  
Societatea Energetica Electrica SA
  
01 July 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: 1 July 2020
Company name: Societatea Energetica Electrica S.A. (Electrica)
Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania
Phone no.: 004-021-2085999
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: 
Announcement regarding the final settlement of the dispute between Societatea de Administrare a Participatiilor in Energie S.A. (SAPE) and Electrica SA
 
Electrica informs shareholders and investors that the civil sentence no. 1878 of 20 June 2019, pronounced by the Bucharest Tribunal in case no. 46365/3/2016, having as object SAPE claims amounting to approx. EUR 800 million (initially announced on 9 June 2017 through the current report published on BSE and on LSE, updated on 21 June 2019), remained final by non-appeal. 
 
We mention the fact that, by the decision of 20 June 2019, the court:
·      admitted the exception of Electrica's lack of passive processing quality, based on contractual civil liability, rejecting the request as being formulated against a person without passive processing quality;
·      rejected the exception of Electrica's lack of passive processing quality, invoked in the main request, based on tortious liability;
·      admitted the exception of the prescription of the material right to action, rejecting as prescribed the request for summons based on tortious civil liability, formulated by SAPE against with Electrica.
 
At the same time, the court ordered SAPE to pay the court expenses to Electrica, in amount of lei 329,993.37.
 
Chief Executive Officer                                                          
Georgeta Corina POPESCU                                                  
 
            
 


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