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REG - S.N.G.N. Romgaz S.A. - Current Report - Electrocentrale Buc._Nov.12,2015 <Origin Href="QuoteRef">ROSNG.BX</Origin> <Origin Href="QuoteRef">TPV1.L</Origin>

RNS Number : 5800F
S.N.G.N. Romgaz S.A.
12 November 2015

CURRENT REPORT

In compliance with the Romanian Capital Market Law No. 297/2004, Art.224 and

CNVM Regulation No. 1/2006

Report date: November 12, 2015
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:

Contractual relationship with S.C.Electrocentrale Bucuresti S.A.

The Board of Directors of Societatea Nationala de Gaze Naturale ROMGAZ S.A. has taken notice on November 12, 2015, further to the review of its contractual relationship with its client S.C. Electrocentrale Bucuresti S.A., that despite the efforts made by ROMGAZ throughtout the year 2015, which have intensified since September 2015, the conditions set by the Board of Directors as necessary and mandatory to "continue the contractual relationship after November 15, 2015", namely "Submitting by November 15, 2015 of a firm program for full payment of the outstanding debts to Romgaz" has not been met.

Electrocentrale Bucuresti S.A., who has an outstanding debt of over RON 300 million to ROMGAZ, has to date not requested by the extension of the contractual relationship, in accordance with the conditions set by ROMGAZ, namely to agree on a debt rescheduling plan for the outstanding debts accompanied by guarantee facilities.

ROMGAZ is ready to continue the contractual relationship with Electrocentrale Bucuresti S.A., but only in compliance with the law and provided that the company's interests and its shareholders interests are respected.

Director General,

Virgil - Marius METEA


This information is provided by RNS
The company news service from the London Stock Exchange
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