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: 30 March 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: Approval in principal of the merger of the two energy services companies within Electrica Group
Electrica informs that, on 27 March 2020, Electrica's Board of Directors mandated Electrica's representative in the General Meetings of Shareholders (GMS) of the two energy services companies within Electrica Group ("the Companies") to vote for the approval in principal of the merger through absorption between Filiala de Intretinere si Servicii Energetice Electrica Serv SA (FISE) and Servicii Energetice Muntenia SA (SEM) and the participation of the companies to the merger, with FISE as absorbing company. This approval in principal is in line with the strategy elaborated by Electrica Group for the period 2019-2023 and has as objective the increase in the efficiency of the two companies involved.
We mention that the merger through absorbtion of the two companies within Electrica Group would take place only in case Electrica's Extraordinary General Meeting of Shareholders mandates Electrica's representative in the Companies' GMS to vote for the approval of the dissolution of the absorbed company.
Chief Executive Officer
Georgeta Corina Popescu
