REG - Soc EnergElectricaSA - Litigations settlement

Societatea Energetica Electrica SAAnnouncement

21/06/2019 13:30

RNS Number : 0685D
Societatea Energetica Electrica SA
21 June 2019
 


To:                              Bucharest Stock Exchange (BVB)
Romanian Financial Supervisory Authority (ASF)
London Stock Exchange (LSE)
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code
Report date: 21 June 2019
Company name: Societatea Energetica Electrica S.A.
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 3,459,399,290
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB) and London Stock Exchange (LSE)
 
Significant events to be reported:
Litigations' settlement   
Electrica informs that, on 20 June 2019, the case no. 46365/3/2016 vs. SAPE, before the Bucharest Tribunal, and the case no. 7968/2/2015 vs. ANRE, before the High Court of Cassation and Justice have been settled.
In case no. 46365/3/2016, the Bucharest Tribunal dismissed SAPE's action for claims of approx. EUR 800 million, admitting:
·    the exception of Electrica's lack of passive processing quality, for the claim based on contractual civil liability;
·    the exception of the prescription of the material right to action, for the claim based on civil tort liability.
The solution may be appealed within 30 days from its communication.
Also, Electrica informs that, on 20 June 2019, in case no. 7968/2/2015, the High Court of Cassation and Justice has definitively settled Electrica's action for the annulment of ANRE Order no. 165/2015 regarding the amendment of the Methodology for establishing the electricity distribution tariffs, approved through ANRE Order no. 72/2013 and for the annulment of the ANRE address no. 872/01.02.2016, rejecting the preliminary complaint against Order 165/2015.
 
Chief Corporate Governance and M&A Officer                                                                                         
Alexandra Borislavschi                                                           





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