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Societatea Energetica Electrica : Settlement appeal in ELSA-EFSA litigation

02/25/2020 | 08:30am
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Settlement appeal in ELSA-EFSA litigation
Released 13:27 25-Feb-2020

RNS Number : 0855E
Societatea Energetica Electrica SA
25 February 2020

To: Bucharest Stock Exchange (BSE)

London Stock Exchange (LSE)

Romanian Financial Supervisory Authority (FSA)

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, the Romanian Capital Market Law no. 297/2004, FSA Regulation no. 5/2018, and the Bucharest Stock Exchange Code

Report date: 25 February 2020

Company name: Societatea Energetica Electrica S.A. (Electrica)

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: RON3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BSE) and London Stock Exchange (LSE)

Significant events to be reported: Settlement of the appeal in the litigation between Societatea Energetica Electrica SA and Electrica Furnizare SA

Electrica informs that, on 24 February 2020, the Bucharest Court of Appeal rejected the appeal filed by Electrica Furnizare SA requesting claims from Electrica in amount of RON 17,274,162. This amount had been noted by the Court of Accounts, through Report no. 2835 / 17 May 2013 and Decision no. 20 / 17 June 2013, which considers it represents the value of the invoices paid by Electrica Furnizare SA in the absence of supporting documents, as well as the payment of the related legal interest.

The appeal rejected was formulated against the civil decision no. 1849/20 June 2019 issued by the Bucharest Court in the file no. 2869/3/2019 (initially announced on 19 March 2019 through the current report published on BSE - IRIS code 1252D and on LSE - RNS number 3500T; first settlement announced on 24 June 2019 through the current report published on BSE - IRIS code DC09B and on LSE - RNS number 2229D).

The decision may be appealed again within 30 days from its communication.

Chief Executive Officer

Georgeta Corina Popescu

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Settlement appeal in ELSA-EFSA litigation - RNS


Societatea Energetica Electrica SA published this content on 25 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2020 13:29:06 UTC

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