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VRANCART SA - VNC

Current Report transaction according art. 82 Law 24/2017

Release Date: 8/10/2018 11:50:45 AM

IRIS Code: B6E7B

To,

The Financial Supervisory Authority

The Bucharest Stock Exchange

 

Current report according to the A.S.F. Regulation no. 5/2018

 

Date of report:                                               August 10th, 2018

Name of the issuing entity:                         VRANCART S.A.

Registered office:                                           Adjud, 17 Ecaterina Teodoroiu Street, Vrancea County

Telephone/fax no.:                                        0237-640.800/0237-641.720

Tax Identification Number:                          RO 1454846

Trade Registry registration no.:                   J39/239/1991

Subscribed and paid-in share capital:        RON 103.168.354,70

The regulated trading market:                    The Bucharest Stock Exchange

 

Major events to report:

The company VRANCART S.A. Adjud informs its shareholders and investors of the conclusion of the Additional document no. 11 to the electricity supply agreement no. CO.FZ-354/2016 dated June 28th, 2016, concluded between our company and the company Industrial Energy S.A. Bucharest, reported based on Art. 82 of Law no. 24/2017.

Thus, the elements of the additional document no. 11 dated August 10th, 2018 to the electricity supply agreement no. CO.FZ-354/2016 dated June 28th, 2016 falling under the category of regular transactions that take place between electricity suppliers and consumers, are as follows:

 

The parties that concluded the juridical deed  Buyer:  VRANCART S.A. Adjud

                                                                                      Seller:  Industrial Energy S.A. Bucharest

 

Date of conclusion and nature of the deed      Additional document no. 11 dated August 10th, 2018 to the electricity supply agreement no. CO.FZ-354/2016

                                                                                                                                  

Subject-matter of the additional document:       Electricity price change in accordance with the Orders of the Romanian Energy Regulatory Authority no. 108, 114 from 2018 applicable for the energy consumption of the month of July 2018

 

Agreement value:                                                      The estimated monthly contract value will decrease from Euro 289.200 (without VAT) to Euro 282.450 (without VAT)

 

Mutual receivables:                                                   No mutual receivables

 

Guarantees established, stipulated penalties   There were no guarantees established.

                                                                                       Charged penalties of 0,04% per each day of delay.

 

Payment terms and modalities:                             The payment term is 5 calendar days from the invoice issuance, with partial payment in advance.                     

 

 

Chairman of the Board of Administrators – General Manager,

Ec. Ciucioi Ionel-Marian             

      

 



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