REG - S.N.G.N. Romgaz S.A. - Announcement

Societatea Nationala de Gaze Naturale Romgaz SAAnnouncement

31/01/2019 15:30

RNS Number : 7313O
S.N.G.N. Romgaz S.A.
31 January 2019
 


January 31, 2019
 
 
A N N O U N C E M E N T
 
Pursuant to the statements of S.N.G.N. Romgaz S.A. Chief Executive Officer, Constantin Adrian Volintiru, in the press on January 30, 2019, we would like to add the followings:
 
The statements were made during the press conference held in the County Emergency Clinical Hospital of Sibiu and which was organized in relation to the hospital modernization project sponsored by S.N.G.N Romgaz S.A.  The local and national press was present.
Upon journalists' request, statements were made regarding possible estimations and the impact that the Emergency Government Ordinance no.114/2018 (E.G.O. 114/2018) may have on the financial results, in a pessimist scenario.
Up until now both E.G.O. 114/2018 together with the calculations made by Romgaz specialists are in progress and Romgaz has drafted several scenarios relating to the possible impact of the legislative act on the current work context. Any possible subsequent amendments will result in a re-evaluation of these scenarios.
As it is known, The National Regulatory Authority for Energy (ANRE) is about to issue, in the following period, regulations related to the implementation procedures of E.G.O. 114/2018, regulations which could determine the modification of the company's present estimations related to the turnover and profit for 2019.
The company's forecast of the Income and Expenditure Budget for 2019, which will be prepared taking into account  all the factors of influence, will be submitted for the General Meeting of Shareholders approval after the approval of the State Budget Law for 2019 and it can be different from the values presented within the press conference and taken over by the media.
The company's financial results for 2018 will be published and all interested persons shall have access to them starting from February 15, 2019, according to 2019 Communication Calendar of Financial Information. At the same date a press conference will be organized which will be broadcasted live in order to ensure a real time information of all the participants on the market.
 
 
Chief Executive Officer,
Constantin Adrian VOLINTIRU
 




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