12th Nov 2015 17:13
CURRENT REPORT
In compliance with the Romanian Capital Market Law No. 297/2004, Art.224 and
CNVM Regulation No. 1/2006
Report date: November 12, 2015Company name: Societatea Nationala de Gaze Naturale ROMGAZ S.A.
Address: Medias, 4 Constantin I. Motas Square, Sibiu County - Romania, 551130Phone/fax no: 004-0269-201020 / 004-0269-846901
Fiscal Code: RO14056826
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)
Significant event to be reported:
· Contractual relationship with S.C. Electrocentrale Bucuresti S.A.
The Board of Directors of Societatea Nationala de Gaze Naturale ROMGAZ S.A. has taken notice on November 12, 2015, further to the review of its contractual relationship with its client S.C. Electrocentrale Bucuresti S.A., that despite the efforts made by ROMGAZ throughtout the year 2015, which have intensified since September 2015, the conditions set by the Board of Directors as necessary and mandatory to "continue the contractual relationship after November 15, 2015", namely "Submitting by November 15, 2015 of a firm program for full payment of the outstanding debts to Romgaz" has not been met.
Electrocentrale Bucuresti S.A., who has an outstanding debt of over RON 300 million to ROMGAZ, has to date not requested by the extension of the contractual relationship, in accordance with the conditions set by ROMGAZ, namely to agree on a debt rescheduling plan for the outstanding debts accompanied by guarantee facilities.
ROMGAZ is ready to continue the contractual relationship with Electrocentrale Bucuresti S.A., but only in compliance with the law and provided that the company's interests and its shareholders interests are respected.
Director General,
Virgil - Marius METEA
Related Shares:
Romgaz S