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7 February 2019 OGSM resolutions

Release Date: 2/7/2019 2:06:40 PM

IRIS Code: 495AF

To:                              Bucharest Stock Exchange (BVB)

                                    Romanian Financial Supervisory Authority (ASF)

                                    London Stock Exchange (LSE)


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

Report date: 7 February 2019

Company name: Societatea Energetica Electrica S.A.

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 (BVB) and London Stock Exchange (LSE)


Significant events to be reported:

The resolutions of the Ordinary General Meeting of Shareholders of Societatea Energetica Electrica S.A. (“Electrica” or the “Company”) of 7 February 2019


Electrica hereby informs that, on 7 February 2019, the Ordinary General Meeting of Shareholders took place at Electrica’s headquarters in Bucharest, District 1, 9 Grigore Alexandrescu Street, postal code 010621, “Radu Zane” Conference Room, starting at 10:10 o’clock (Romanian time), duly held in accordance with the legal and statutory provisions upon the first calling.

The Ordinary General Meeting of Shareholders meeting was attended by the shareholders registered in the shareholder’s register kept by Depozitarul Central S.A. on 9 January 2019, set as reference date, in person, by representative or through vote by correspondence, the quorum met being 79.20% of the total voting rights and 77.62% of the share capital of the Company.

The meeting was chaired by Mr. Valentin Radu, the Chair of the Board of Directors of Electrica.

Within the Ordinary General Meeting of Shareholders, Electrica’s shareholders approved the following items with a majority of votes of the present or represented shareholders or of the shareholders that voted by correspondence:

1. Election of the members of the Board of Directors of the Company for filling in the vacant positions. The term of the mandate of the elected directors will be for a duration equal to  the period remaining until the expiry of the mandate for the vacant positions, i.e. until 27 April 2022. The form of the mandate agreements and the remuneration for each director, according to the Remuneration Policy, have been approved through the Ordinary General Meeting of Shareholders' Resolution No. 1 of 9 February 2018.

In this respect, the shareholders have decided the election of the following members, by applying the simple voting method:

-                      Mr. Radu Mircea Florescu

-                      Mr. Dragos Andrei

-                      Mr. Nicolae Havrilet

2. Empowerment of the representative of the Ministry of Energy, present in the OGMS, to sign, in the name of the Company, the mandate agreements with the members of the Board of Directors elected according to item 1 above.

3. Empowerment of the Chairman of the Meeting, of the secretary of the meeting and of the technical secretary to jointly sign the OGMS resolution and to perform individually and not jointly any act or formality required by law for its registration of the OGMS resolution with the Trade Register Office of the Bucharest Tribunal, as well as for the publication of the OGMS resolution according to the law


Chief Corporate Governance and M&A Offcier                                     

Alexandra BORISLAVSCHI                                                                     



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