REG - Soc EnergElectricaSA - Litigations with two subsidiaries

Societatea Energetica Electrica SAAnnouncement

19/03/2019 16:25

RNS Number : 3500T
Societatea Energetica Electrica SA
19 March 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: 19 March 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 between Electrica and two of its subsidiaries
 
Electrica informs that Electrica Furnizare SA ("EFSA") filed to the Bucharest Court a lawsuit for damages (file no. 2869/3/2019). The object of the complaint is to order Electrica SA to:
·    pay the amount of 17,274,162 lei, representing the value of the invoices paid by EFSA in the absence of supporting documents, as noted by the Court of Accounts through Report no. 2835 / 17 May 2013 and Decision no. 20/ 17 June 2013;
·    pay the legal interest in the amount of 3,213,445, 55 lei, due starting with the date when the defendant collected the amounts and until 31 March 2019, the legal interest calculated from 31 March 2019 until the date of execution of an enforceable court decision and the legal penalty interest calculated from the date of the enforceable court decision until the actual payment of the principal debit.
 
Also, Electrica informs that SDEE Transilvania Sud SA ("SDTS") filed to the Brasov Court a lawsuit for damages (file no. 4469/62/2018). The object of the complaint is to order Electrica SA to:
·    pay the amount of 8,951,811 lei, representing the value of the services paid by SDTS and not provided by Electrica SA, during the period 2010-2014, based on the consultancy, mandate and service level agreements concluded between the parties, as noted by the Court of Accounts through Report no. 700 / 23618 / 04 December 2013 and Decision no. 75 / 23 December 2013 (for the period 2010-2012), respectively by the plaintiff as a result of the extension of the verifications ordered by the Court of Accounts (until 2014);
·    pay the legal interest calculated from the date of payment until the date of effective refund, as well and the difference between the value of the services paid by SDTS and not provided by Electrica SA and their value updated with the inflation rate for the period between the payment date and the action date.
 
 
Chief Corporate Governance and M&A Officer     
Alexandra Borislavschi
 
 




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