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| October 21, 2021 |
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SOCIETATEA ENERGETICA ELECTRICA S.A. - EL

Signing shares sales and purchase agreements

Release Date: 7/28/2021 7:20:48 PM

IRIS Code: 80AB5

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: 28 July 2021

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: Signing of sales and purchase agreements for the acquisition of shares in three project companies regarding the production of energy from renewable sources

 

Electrica informs the shareholders and investors that, on 28 July 2021, signed, as buyer, with
Mr. Emanuel Muntmark and with Mr. Catalin Mrejeru, as sellers, three shares sales and purchase agreements (“SPAs”) in three project companies having as main object of activity the production of energy from renewable sources, as follows:

        i.            A SPA regarding the acquisition of 100% of the shares held by the sellers in Crucea Power Park SRL for an estimated total price of EUR 8,470,000. The final price will be determined by adjusting the total estimated price depending on the production capacity, respectively the authorized storage, based on a contractually established calculation formula. Crucea Power Park SRL develops the eolian project “Crucea Est”, with a designed installed capacity of 121 MW and a projected electricity storage capacity of 60 MWh (15 MW x 4h), located outside the Crucea commune, Constanta County.

      ii.            A SPA regarding the acquisition of 100% of the shares held by the sellers in Sunwind Energy SRL for a total estimated price of EUR 1,485,000. The final price will be determined by adjusting the total estimated price according to the authorized production capacity, based on a contractually established calculation formula. Sunwind Energy SRL is developing the photovoltaic project "Satu Mare 2" with a designed installed capacity of 27 MW, located near Satu Mare.

    iii.            A SPA regarding the acquisition of 100% of the shares held by the sellers in New Trend Energy SRL for a total estimated price of EUR 3,245,000. The final price will be determined by adjusting the total estimated price according to the authorized production capacity, based on a contractually established calculation formula. New Trend Energy SRL develops the photovoltaic project "Satu Mare 3", with a designed capacity of 59 MW, located near Satu Mare.

 

The SPAs stipulate the acquisition by Electrica of shares in the three companies and the payment of the corresponding price in four stages, structured according to the development stage of the project and the fulfillment of certain conditions precedent.

 

 

           

CEO                                                                                                                           

Georgeta Corina Popescu

                                                 

                                                

 



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