Monday | June 05, 2023 |
Market Status: CLOSED

Market News


Settlement of the appeal in file 6665-3-2019

Release Date: 5/25/2023 4:56:41 PM

IRIS Code: 80574

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 on issuers of financial instruments and market operations, and the Bucharest Stock Exchange Code

Report date: 25 May 2023

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: Settlement by the High Court of Cassation and Justice of the appeal made by the Electrica Furnizare S.A. (EFSA) against the decision pronounced by the Bucharest Court of Appeal on 7 October 2022 in file 6665/3/2019.


Electrica informs the shareholders about the fact that the High Court of Cassation and Justice canceled as unfounded the appeal declared by EFSA against civil decision no. 1492 of October 07, 2022, pronounced by the Bucharest Court of Appeal in file no. 6665/3/2019 (the litigation was initially announced on 3 May 2019 through the Current Report published on BSE - with IRIS Code 1C2A5 and LSE).


The ruling pronounced is final.


We mentioned that the claims requested by EFSA amounted RON 6,232,398.04, representing claims according to the Decision of the Court of Accounts no. 11/2016 and the Inspection Report of the Court of Accounts no. 5799/29Nov2016 and also the legal interest namely: the amount of RON 793,234.07 representing the legal interest calculated from the date when Electrica S.A. collected the sums of money (the total amount of which is RON 6,232,398.04) until 31 March 2019, the legal interest calculated from 31 March 2019 until the date of execution of an enforceable court decision and the legal interest calculated from the date of the enforceable court decision up to the date of effective payment by Electrica S.A. of the principals debit in the amount of RON 6,232,398.04.


By the decision no. 2336 of 1 October 2021, the Bucharest Tribunal rejected as unfounded the request filed by EFSA and by the decision no. 1492 of 7 October 2022, the Bucharest Court of Appeal rejected as unfounded the apppeal filed by EFSA against the decision of the Bucharest Tribunal.



Head of Legal Squad

Stefania Andruhovici



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