Market News


S.N.T.G.N. TRANSGAZ S.A. - TGN

ME proposal Draft Resolution no 3 for GOSM dated 26.04.2018

Release Date: 4/17/2018 3:57:39 PM

IRIS Code: 69E0C

CURRENT REPORT

according to the provisions of Article 122 of Law no.24/2017

Date of report: 17 April 2018

Name of issuing entity: SNTGN TRANSGAZ SA MEDIAS

Headquarters: Medias, 1 Constantin I. Motas Square, Sibiu County

Telephone/fax number: 0269803333/0269839029

Tax identification code: RO 13068733

Trade Register number: J32/301/2000

Subscribed and paid-up capital: RON 117,738,440

Regulated market on which issued securities are traded: Bucharest Stock Exchange

REPORTED EVENTS

According to the laws on reporting to the capital market institutions, SNTGN TRANSGAZ SA notifies all those concerned that the major shareholder, the Romanian state by the Ministry of Economy, sent the draft proposal for the article 5 and article 8 of the draft Resolution no 3, published on the company’s website, as follows:

“Art. 5 Approves/does not approve the gross dividend per share in the amount of 45.38lei/share for the financial year 2017, the date of 16 July 2018 as a deadline for the dividend pay-out initiation”

“Art 8. Approves/does not approve the distribution of the net profit for the financial year 2017, as follows:

1. the distribution of the net profit as follows:

- dividends to the shareholders lei 534,297,040.72

- net profit for the establishment of own financing sources lei 47,764,002.28

2. employees’ participation in the profit according to Art.141 of the applicable Collective Labour Contract concluded by SNTGN TRANSGAZ SA, in the amount of lei 11,579,208.00.

We would also like to mention that the forms of vote by correspondence available on the company’s web site were updated in line with the draft Resolution no 3 sent by the major shareholder.

ION STERIAN

DIRECTOR GENERAL



 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