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Current Report_Electrocentrale Buc_Mar.29, 2016

29 Mar 2016 13:39

RNS Number : 4181T
S.N.G.N. Romgaz S.A.
29 March 2016
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CURRENT REPORT

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In compliance with the Romanian Capital Market Law No. 297/2004, Art.224 and

CNVM Regulation No. 1/2006

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Report date: March 29, 2016Company 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)

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Significant event to be reported:

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Ā· Continuing the contractual relationship with S.C. Electrocentrale Bucuresti S.A.

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S.N.G.N. ROMGAZ S.A. Board of Directors decided on March 24, 2016 to continue the commercial relationship with S.C. Electrocentrale Bucuresti S.A. under the same contractual conditions as provided in contract no.34/2015 and the related addenda, correlated with the sale price approved in S.N.G.N. ROMGAZ S.A. Trading Policy and requests the Executive management to:

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a) negotiate with Societatea Electrocentrale București S.A in order to increase the share of the amounts allocated to overdue payments from advance payments;

b) speed up legal proceedings against Societatea Electrocentrale București S.A with respect to the debt.

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Director General,

Virgil - Marius METEA

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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