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S.N.G.N. ROMGAZ S.A. - SNG

SNTGN Transgaz SA Contracts

Release Date: 9/18/2020 1:21:31 PM

IRIS Code: D91A7

CURRENT REPORT

In compliance with Law 24/2017 regarding Issuers of Financial Instruments and Market Operations

 

Report date: September 18, 2020
Company name: Societatea Nationala de Gaze Naturale ROMGAZ S.A.

Address: Medias, 4 Constantin I. Motas Square, Sibiu County – Romania, 551130
Phone/fax no: 004-0374-401020 / 004-0269-846901

Fiscal Code: RO14056826

LEI Code: 2549009R7KJ38D9RW354

Trade Register registration number: J32/392/2001

Subscribed and paid in share capital: 385,422,400 RON

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)

 

 

Important event to be reported:

 

·         S.N.G.N. ROMGAZ S.A. concluded four transactions with S.N.T.G.N. TRANSGAZ S.A.

 

According to the provisions of Law No.24/2017, S.N.G.N. ROMGAZ S.A. reports the following legal documents:

 

No

Party to the Agreement

Agreement No and date 

Scope of Agreement

Estimated Value

including VAT

(RON)

Terms and Payment Methods

Mutual Receivables

Issued Guarantee

Penalties

(%/day)

1

S.N.T.G.N. Transgaz S.A.

Contract no.

24/August 21, 2020

Annual transmission services for NTS entry points (period October 1, 2020 – October 1, 2021)

125,254,495.47

Payment within 15  calendar days as of the invoice issue date

no

See Note*

See Note**

2

S.N.T.G.N. Transgaz S.A.

Contract no.

90/August 21, 2020

Annual transmission services for NTS exit points (period October 1, 2020 – October 1, 2021)

18,894,707.13

Payment within 15  calendar days as of the invoice issue date

no

See Note*

See Note**

3

S.N.T.G.N. Transgaz S.A.

Contract no.

17T/August 21, 2020

Quarterly transmission services for NTS exit points (period October 1, 2020 – January 1, 2021)

965,919.05

Payment within 15  calendar days as of the invoice issue date

no

See Note*

See Note**

Note* The level of the financial guarantee payable by the User of Gas Transmission Network will be equal to the average value of the estimated monthly invoices for transmission services for the subsequent period of use.

Note**For the late payment of invoices, there shall be applied a late payment interest rate, calculated on the outstanding amount, equal to the penalty interest for outstanding payment of budgetary obligations, for each day of delay, starting with the 16th calendar day from the date of invoice issue until the full payment, including the date of payment, in case of default of payment within 15 calendar days from the due date.

3

S.N.T.G.N. Transgaz S.A.

Contract no.

885L/August 19, 2020

Monthly transmission services for NTS exit points (period September 1, 2020 – October 1, 2020)

1,038,870.00

Payment within 15  calendar days as of the invoice issue date

no

See Note***

See Note****

Note*** The level of the financial guarantee payable by the User of Gas Transmission Network will be equal to the value of the estimated monthly invoice for transmission services for the subsequent period of use.

Note**** For the late payment of invoices, there shall be applied a late payment interest rate, calculated on the outstanding amount, equal to the penalty interest for outstanding payment of budgetary obligations, for each day of delay, starting with the 16th calendar day from the date of invoice issue until the full payment, including the date of payment, in case of default of payment within 15 calendar days from the due date.

Contracts no. 24/2020, no. 17T/2020 and no. 885L/2020 were received from S.N.T.G.N. TRANSGAZ S.A. on September 15, 2020.

Contract no. 90/2020, signed by S.N.G.N. ROMGAZ S.A., was sent to S.N.T.G.N TRANSGAZ S.A. on September 16, 2020.

 

 

 

Chief Executive Officer,                                                                                                   Deputy Chief Executive Officer

Constantin Adrian VOLINTIRU                                                                                    Daniel Corneliu PENA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                                                       

 



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