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Settlement of the appeal in case 435-2-2019

28th Apr 2023 14:12

RNS Number : 9225X
Societatea Energetica Electrica SA
28 April 2023
 

To: Bucharest Stock Exchange (BSE)

London Stock Exchange (LSE)

Romanian Financial Supervisory Authority (FSA)

 

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, the Romanian Capital Market Law no. 297/2004, FSA Regulation no. 5/2018, and the Bucharest Stock Exchange Code

Report date: 28 april 2023

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

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

Significant events to be reported: Settlement of the appeal in case no. 435/2/2019 against ANRE

 

Electrica informs the shareholders and investors that, on 26 April 2023, the High Court of Cassation and Justice settled the appeal filed by Societatea de Distributie a Energiei Electrice Transilvania Sud SA (at preset DEER) and Electrica .S.A. in the file no. 435/2/2019, by admitting it and sending the case to the same court for re-examining the main action.

 

The file has as object Societatea de Distributie a Energiei Electrice Transilvania Sud SA (at preset DEER) and Electrica`s request for the cancellation of the Order of ANRE President no. 199/2018 regarding the approval of specific tariffs for the electricity distribution service and the price for reactive electricity, for Societatea de Distributie a Energiei Electrice Transilvania Sud - S.A.

 

The action was rejected by the trial court, Electrica and SDEETS filed an appeal against this decision.

 

 

 

Head of Legal Department

Stefania Andruhovici

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