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C.N.T.E.E. TRANSELECTRICA - TEL

Directorate Decision on SMART s share capital increase

Release Date: 6/4/2019 10:37:28 AM

IRIS Code: E3F18

To the: Bucharest Stock Exchange – Department of Operations Issuers Regulated Markets

Financial Supervision Authority - General Directorate Supervision - Issuers Division

 

Current report according to the provisions of Law 24/2017, ASF Regulation 5/2018 and the BVB Code

Date of the report: June 3, 2019

Name of Issuer Company: CNTEE TRANSELECTRICA SA, company managed under Two-tier System

Headquarters: Bucharest 1, Blvd. Magheru no. 33

Working location: Bucharest 3, Str. Olteni no. 2-4

Phone / fax numbers: 4021 3035 611 / 4021 3035 610

Single registration code: 13328043

LEI Code: 254900OLXCOUQC90M036

Number in the Commercial Register: J40/8060/2000

Share capital subscribed and paid: 733,031,420 Lei

Regulated market where the issued securities are transacted: Bucharest Stock Exchange

 

Important event to report – SMART SA subsidiary share capital increase

 

National Power Grid Company Transelectrica ​​SA announces / informs the interested public that following Decision 13/08.05.2019 of the Shareholders’ General Extraordinary Assembly, approving the participation of the Company in the share capital increase of the Company for Maintenance Services of the Electricity Transmission Grid Smart - SA, a subsidiary of the Company, with a cash contribution of up to 24,000,000 Lei,

by reference to the minutes of the Assembly’s meeting, as requested by the Romanian State shareholder through the Ministry of Economy based on the position expressed by the Competition Council through address 4599/18.04.2019, attached to this document, namely regarding the Company’s verification of the increase in view of the incidental State aid rules,

the Company's Directorate agreed to start the proceedings to implement the subsidiary’s share capital increase with a test of the private economic operator (PEO), conducted, beforehand, by the subsidiary, and to start the necessary proceedings to delegate the subsidiary’s Management Board to approve the increase of capital with a cash contribution of up to 24,000,000 Lei, as well as the fulfillment of all the measures prior to this operation.

 

 

Marius – Danut CARASOL

 

 

Constantin SARAGEA

Executive Director General

Directorate Chairman

 

Directorate Member

 



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