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5 Apr 2023 14:39
CURRENT REPORT
In compliance with Law no. 24/2017 and F.S.A. Regulation no. 5/2018
Report date: April 5, 2023Company name: Societatea Nationala de Gaze Naturale ROMGAZ S.A.
Address: Medias, 4 Constantin I. Motas Square, Sibiu County - Romania, 551130Phone/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:
· Signing Procurement Contract No. 40928/April 3, 2023, having as scope "Completion of works and commissioning of CTE Iernut by building a new combined cycle gas turbine power plant", with Duro Felguera S.A.
In compliance with the provisions of Law No. 24/2017 and F.S.A. Regulation No 5/2018, S.N.G.N. ROMGAZ S.A. informs its shareholders and investors upon the signing on April 4, 2023 of the Procurement Contract No. 40928/April 3, 2023 having as scope "Completion of works and commissioning of CTE Iernut by building a new combined cycle gas turbine power plant". Details regarding the aforementioned contract can be found in the table below.
No | Name of Contracting Party | Date and Number of Transaction | Scope of Transaction | Value of Transaction (VAT exclusive) - RON - |
Terms and Payment Methods | Mutual Receivables | Established Guarantees | Other information (e.g. Penalties) |
1 | DURO FELGUERA SA Gijon Asturias Spania | Design and works contract no. 40928/April 03, 2023 | Completion of works and commissioning of CTE Iernut by building a new combined cycle gas turbine power plant | 344,925,922 |
1. Advanced payment of 15% of the contract price without VAT, to be paid within 10 days from the date of invoice receipt 2. Invoices issued based on works statements to be paid within 15 days of their receipt 3. The final invoice issued based on final works statement to be paid within 30 days of its receipt
| - | mil EUR 17,5 |
The value of late payment penalties shall be equal to 0.4% per full week of delay relative to contract price. The maximum amount of late payment penalties cannot exceed 10% of the contract price at its signing date |
Note1: Completion period: 16 months from the date of the works start order, with the possibility of extension according to the provisions of the contract. Note2: The contract was received at S.N.G.N.Romgaz S.A. on April 4, 2023 | ||||||||
Chief Executive Officer
Razvan POPESCU
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