If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
| May 16, 2022 |
Market Status: Closed
Login Register

Market News


SPHERA FRANCHISE GROUP - SFG

Receiving first tranche of the state aid payment

Release Date: 12/28/2021 8:30:13 AM

IRIS Code: 1F237

To:

BURSA DE VALORI BUCURESTI S.A.

AUTORITATEA DE SUPRAVEGHERE FINANCIARA

 

 

 

 

CURRENT REPORT 44/2021

According to Law no. 24/2017 regarding issuers of financial instruments and market operations, ASF Regulation no. 5/2018 regarding the issuers of financial instruments and market operations and/or Rulebook of the Bucharest Stock Exchange Market Operator.

Date of report

28.12.2021

Name of the Company

Sphera Franchise Group SA

Registered Office

Bucharest, Romania

Address

Calea Dorobantilor nr. 239, 2nd floor, Bucharest sector 1

Phone / Fax

+40 21 201 17 57 / +40 21 201 17 59

Email

investor.relations@spheragroup.com

Registration nr. with Trade Registry

J40/7126/2017  

Fiscal Code

RO 37586457

Subscribed and paid share capital

581,990,100 RON

Total number of shares

38,799,340          

Symbol

SFG

Market where securities are traded

Bucharest Stock Exchange, Main Segment, Premium Category

Important events to be reported: Receiving the first tranche of the state aid payment

Sphera Franchise Group S.A. (“the Group”) informs the market about receiving the payment of state aid from the Romanian government according to the procedure of the implementation of the state aid as foreseen in the Emergency Ordinance nr. 224/2020 on measures to provide financial aid for companies from tourism, HoReCa and event organization industries, whose activity was impacted by the COVID-19 pandemic. According to the Emergency Ordinance, companies from HoReCa sector could apply for a state aid in the amount that represented 20% of the loss of turnover in 2020 compared to 2019.

The payments received by the Group are as follows:

-          RON 615,684.00 received by US Food Network S.A., representing 46.87% of sums due according to the financing contract in total amount of RON 1,313,600.00;

-          RON 615,684.00 received by American Restaurant System S.A., representing 46.87% of sums due according to the financing contract in total amount of RON 1,313,600.00.

The management will inform the market as soon as the companies eligible for the state aid receive the second tranche of the payment.

 

CHIEF EXECUTIVE OFFICER

Calin Ionescu

 

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved