REG - S.N.G.N. Romgaz S.A. - Current Report_Electrocentrale Buc_Mar.29, 2016 <Origin Href="QuoteRef">ROSNG.BX</Origin>

Societatea Nationala de Gaze Naturale Romgaz SAAnnouncement

29/03/2016 13:40

RNS Number : 4181T
S.N.G.N. Romgaz S.A.
29 March 2016
CURRENT REPORT
In compliance with the Romanian Capital Market Law No. 297/2004, Art.224 and
CNVM Regulation No. 1/2006
Report date: March 29, 2016
Company name: Societatea Nationala de Gaze Naturale ROMGAZ S.A.
Address: Medias, 4 Constantin I. Motas Square, Sibiu County - Romania, 551130
Phone/fax no: 004-0269-201020 / 004-0269-846901
Fiscal Code: RO14056826
Trade Register registration number: J32/392/2001
Subscribed and paid in share capital: 385,422,400 RON
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)
Significant event to be reported:
 Continuing the contractual relationship with S.C. Electrocentrale Bucuresti S.A.
S.N.G.N. ROMGAZ S.A. Board of Directors decided on March 24, 2016 to continue the commercial relationship with S.C. Electrocentrale Bucuresti S.A. under the same contractual conditions as provided in contract no.34/2015 and the related addenda, correlated with the sale price approved in S.N.G.N. ROMGAZ S.A. Trading Policy and requests the Executive management to:
a)negotiate with Societatea Electrocentrale Bucureti S.A in order to increase the share of the amounts allocated to overdue payments from advance payments;
b) speed up legal proceedings against Societatea Electrocentrale Bucureti S.A with respect to the debt.
 Director General,
 Virgil - Marius METEA
 

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