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: 27 November 2019
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: RON 3,459,399,290
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BSE) and London Stock Exchange (LSE)
Significant events to be reported:
Action filed by Societatea Energetica Electrica S.A. (Electrica) for the recovery of the damage identified by the Romanian Court of Accounts' Decision no. 12/27 December 2016
Electrica informs the shareholders and investors about the filing of a civil action on 27 November 2019, object of case no. 35729/3/2019 of the Bucharest Tribunal:
- for underscoring the liability of the persons who have held the positions of directors and respectively, executive managers of Electrica for obligations not fulfilled and/or improperly fulfilled, according to art. 155 of Law no. 31/1990, which determined the damages retained by the Romanian Court of Accounts (RCA), as this actions has been approved by the Ordinary General Meeting of the Shareholders (OGMS) of Electrica dated 14 November 2019; as well as
- against the representative of the Authority of Valuation of the State Assets in Electrica's OGMS dated 10 December 2008 and the issuer of the voting mandate for the respective OGMS,
in order to implement the measures ordered by the RCA for remedying the deviation identified according to items 1-5 of the RCA Decision no. 12 / 27 December 2016 issued as a result of the control on the management of the patrimony of Electrica for the period 01 January 2013 - 30 June 2014.
The total value of the claims is RON 235,609,455, amount that shall be updated with the inflation rate, to which will be added legal interest calculated starting with the date of the damage, until the date of its full repair. The estimated value of the interest until 14 November 2019 is RON 47,275,221.
Chief Strategy Officer
Anamaria ACRISTINI-GEORGESCU
