Source - RNS
RNS Number : 8340I
Societatea Energetica Electrica SA
02 September 2016
 

 

Societatea Energetică Electrica S.A.

Str. Grigore Alexandrescu nr.9, sector 1

010621, București

Tel: 0212085999, Fax: 0212085998

CIF: RO 13267221, J40/7425/2000

Capital social: 3.459.399.290 RON

www.electrica.ro

 

 

To:                  Romanian Financial Supervisory Authority (ASF)

                        Bucharest Stock Exchange (BVB)

London Stock Exchange (LSE)

 

Current report in compliance with Romanian Capital Market Law no. 297/2004 (art. 224 (1)) and CNVM Regulation no. 1/2006 on issuers and operations with securities (art. 113 (1) j)

 

 

Report date: 2 September 2016

Company name: Societatea Energetică Electrica S.A.  

Headquarters: 9 Grigore Alexandrescu Street, District 1, Bucharest

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

Trade Register registration no.: J40/7425/2000 

Fiscal Code: RO 13267221

Subscribed and paid in share capital: 3.459.399.290 RON

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

 

Significant events to be reported:

 

Societatea Energetică Electrica S.A. informs its shareholders and public investors on the status updated on July 31th, 2016 of the ongoing litigations regarding the actions for annulment/suspension of ANRE orders (Annex 1) and of the ongoing litigations over 500,000 EUR (Annex 2).

 

CEO,

Iuliana ANDRONACHE

 

 

Annex 1 - Litigation. Annulment of  Regulatory Authority for Energy orders (in Romanian, ANRE).

No.

File no.

Litigation parties

Litigation object

Litigation status

Trial court

Observations

1.

192/2/2015

Plaintiff: Electrica S.A.

Defendant: ANRE

Action for annulment -  ANRE order no. 146/2014

Merit

Bucharest Court of Appeal

Dismiss the joined actions as ungrounded. With the right to appeal within 15 days starting with the sentence communication.

2.

317/2/2015

Plaintiff: Electrica S.A.

Defendant: ANRE

Action for annulment -  ANRE order no.  154/2014

 

Merit

Bucharest Court of Appeal

Dismiss the facultative suspension request. Admits the joinder action with the file no. 192/2/2015. With the right to appeal.

3.

360/2/2015

Plaintiff: Electrica S.A.

Defendant: ANRE

Action for annulment -  ANRE order no. 156/2014

Merit

Bucharest Court of Appeal

The proceedings are suspended until the file no.192/2/2015 is irrevocably settled. With the right to appeal throughout suspension.

4.

361/2/2015

Plaintiff: Electrica S.A

Defendant: ANRE

Action for annulment -  ANRE order no. 155/2014

Merit

Bucharest Court of Appeal

The proceedings are suspended until the file no.192/2/2015 is irrevocably settled. With the right to appeal

5.

130/2/2016

Plaintiff: Electrica S.A

Defendant: ANRE

Action for annulment -  ANRE order no.165/2015

Merit

Bucharest Court of Appeal

Joined with fil no. 7968/2/2015.

6.

134/2/2016

Plaintiff: Electrica S.A.

Defendant: ANRE

Execution suspension for administrative act ( ANRE order no 165/2015), until the final and irrevocable solution of the fond file

Merit

Bucharest Court of Appeal

Dismiss the action as ungrounded.

An appeal has been filed.

7.

340/2/2016

Plaintiff: Electrica S.A.

Defendant: ANRE

Action for annulment -  ANRE order no. 171/2015

 

Merit

Bucharest Court of Appeal

Dismiss the action as ungrounded. With the right to appeal within 15 days starting with the sentence communication.

8.

342/2/2016

Plaintiff: Electrica S.A.

Defendant: ANRE

Action for annulment -  ANRE order no. 172/2015

Merit

Bucharest Court of Appeal

Dismiss the action as ungrounded. With the right to appeal within 15 days starting with the sentence communication.

9.

343/2/2016

Plaintiff: Electrica S.A.

Defendant: ANRE

Action for partial suspension of ANRE order no. 171/2015

Merit

Bucharest Court of Appeal

Dismiss the action as ungrounded.

An appeal has been filed.

10.

345/2/2016

Plaintiff: Electrica S.A.

Defendant: ANRE

Action for partial suspension of ANRE order no. 172/2015.

Merit

Bucharest Court of Appeal

Dismiss the action as ungrounded.

An appeal has been filed.

11.

821/2/2016

Plaintiff: Electrica S.A.

Defendant: ANRE

Action for annulment -  ANRE order no. 172/2015

Merit

Bucharest Court of Appeal

Admits the litispendence exception in relation with the file no. 342/2/2016. With the right to appeal.

12.

822/2/2016

Plaintiff: Electrica S.A.

Defendant: ANRE

Action for annulment -  ANRE order no. 171/2015.

Merit

Bucharest Court of Appeal

Admits the litispendence exception in relation with the file no. 340/2/2016. With the right to appeal.

13.

823/2/2016

Plaintiff: Electrica S.A.

Defendant: ANRE

Action for annulment -  ANRE order no. 165/2015

Merit

Bucharest Court of Appeal

Admits the litispendence exception. The litigation will be joined with and settled together with the file no. 130/2/2016..

               

 

 

 

 

Annex 2 - Litigation over 500.000 EUR

 

No.

File no.

Litigation parties

Litigation object

Litigation status

Trial court

Observations

List of provisions raised

1.

103614/299/2015

Electrica- Caller Appellant (Merit - Appellant)

ANAF -Respondent (Merit - Respondent)

Opposition on enforcement title for the amount of  RON 16,915,950.

Appeal

Bucharest Court of Justice

The trial court has dismissed the action. An appeal has been filed.

 

2.

12629/302/2015/a1

Electrica - Respondent Appellant (Merit - Appellant)

ANAF - Caller Respondent (Merit - Respondent)

Enforcement adjourning for the amount of RON 16,915,950.

Appeal

Bucharest Court of Justice

The Court orders the rejudgement by the first instance or by the court of competent jurisdiction.

Solution brief: The appeal is admitted. Cancels the appealed sentence; Sends the case for rejudgmenent to the 1st District Court. 

 

3.

5433/2/2013

Electrica - Respondent (Merit -Plaintiff)

ANAF  - Appellant (Merit - Defendant)

Opposition on administrative sentence no. 24/31.01.2013 (payment of accessory fiscal obligations)

Appeal

High Court of Cassation and Justice.

The case is in a preliminary stage. The first date of hearing is to be set.

 

4.

887/90/2013

Electrica - Creditor

Oltchim SA - Rm. Valcea - Debtor

Insolvency (bankruptcy)
Claims in a total amount of RON 658,535,805.38

Appeal

Pitesti Court of Appeal

A sale plan is to be approved, the result depends on it.

Provisions raised in a total amount of RON 658,538,715.97.

5.

2712/113/2013

Electrica - Creditor

CET Braila S.A.  -Debtor

Insolvency (bankruptcy)
claims in a total amount of RON 3,826,034.78)

Merit

Braila Court of Justice

The procedures of the asset resolution and claims recoupment are ongoing.

Provisions raised a total amount of RON 3,826,034.78.

6.

47478/3/2012*/a1

Electrica - Creditor

Petprod S.A.- Debtor

Insolvency (bankruptcy)

Claims in a total amount of RON 2,591,163.01

Appeal

Bucharest Court of Appeal

The appeal is admitted. Partially quashes the decision dated on 17.12.2013 and the one dated on 14.01.2014 and transfers the case to the lower court in order to review the requests of opening the insolvency proceedings.

Provisions raised in a total amount of RON 2,591,163.01.

7.

38859/299/201

Electrica -  Plaintiff

A.A.A.S. - Defendant

Opposition on the enforcement title for the amount of RON 7,505,637.00.

Merit

Trial Court - District 1

The Court admits the suspension of the foreclosure and suspends the forced execution until the solving of the execution appeal. The litigation is suspended until the file no. 2155/2/2015 is irrevocably settled. With the right to appeal during the entire period of suspension.

N/A

8.

2155/2/2015

Electrica - Respondent (Merit -Plaintiff)

AAAS  - Recurrent (Merit -Defendant)

Annulment of an administrative act.

Appeal

High Court of Cassation and Justice.

The case is in a preliminary stage. The first date of hearing is to be set.

N/A

9.

78584/299/2015

Electrica - Appellant (Merit -Respondent)

AAAS  - Appellant (Merit -Plaintiff)

Opposition on the enforcement title for the amount of RON 11,426,867.65.

Appeal

Bucharest Court of Justice

Term on 13.10.2016.

Provisions raised in a total amount of RON 10,206,735.

10

5651/2/2014

Electrica - Respondent Defendant (Merit - Defendant)

Termoelectrica -  Caller Plaintiff (Merit - Plaintiff)

Claims for the amount of 25,047,353.32 RON.

Appeal

Bucharest Court of Appeal

The initial Court rejected Termoelectrica's claims. Term of appeal: 19.09.2016

N/A

 


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