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: RON 3,464,435,970
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BSE) and London Stock Exchange (LSE)
Significant events to be reported: Submission of a claim for warranty against Societatea Energetica Electrica SA (Electrica) by Ms. Victoria Lupu, former Member of the Board of Directors of Electrica Furnizare SA
Electrica informs the shareholders and investors about the fact that, on 24 February 2020, the Company has received a claim for warranty registered by the defendant Victoria Lupu, as part of file no. 35647/3/2019 before the Bucharest Tribunal.
Ms. Victoria Lupu is defendant in file no 35647/3/2019, having as object the underscoring of the liability of the members of the Board of Directors and the Chief Executive Officer of Electrica Furnizare SA, action submitted by the concerned company, following the damages retained by the Court of Accounts of Romania in the Decision no. 11 / 23 December 2016.
In her claim for warranty Ms. Victoria Lupu requested the admission in principle of the warranty claim formulated against Electrica, and consequently, the obligation of Electrica, the majority shareholder of Electrica Furnizare SA, to pay all the amounts of money to which the defendant would be liable to the plaintiff Electrica Furnizare SA, in file no. 35647/3/2019.
We mention that the plaintiff Electrica Furnizare SA requested that the defendant Victoria Lupu shall be ordered to pay 6,232,398.44 lei as well as the related legal interest, jointly with the other members of the Board of Directors and the Chief Executive Officer of Electrica Furnizare SA.
Chief Executive Officer
Georgeta Corina Popescu
