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30 Jun 2022 13:39
CURRENT REPORT
In compliance with Law No. 24/2017 regarding Issuers of Financial Instruments and Market Operations and A.S.F. Regulation No. 5/2018, Article 234, paragraph 1, items v) and i)
Report date: June 30, 2022
Company name: Societatea Nationala de Gaze Naturale ROMGAZ S.A.
Address: Medias, 4 Constantin I. Motas Square, Sibiu County - Romania, 551130
Phone/fax no: 004-0374-401020 / 004-0269-846901
Fiscal Code: RO14056826
LEI Code: 2549009R7KJ38D9RW354
Trade Register registration number: J32/392/2001
Subscribed and paid up 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:
· Status of the purchase transaction of all shares issued by (representing 100% of the share capital of) ExxonMobil Exploration and Production Romania Limited
S.N.G.N. ROMGAZ S.A. brings to the attention of the capital market the status of the transaction regarding the purchase of 100% of the ExxonMobil Exploration and Production Romania Limited shares (the "Transaction").
Currently, two conditions precedent are yet to be fulfilled in order to complete the Transaction, and that is why it is estimated the Transaction is going to take place at the end of July 2022, in compliance with the provisions of the Purchase and Sale Agreement of all shares issued (representing 100% of the share capital of) ExxonMobil Exploration and Production Romania Limited (the "Agreement").
The two conditions precedent are the following:
a) Approval or deemed approval by the Supreme Council of National Defence of the transactions contemplated by the Agreement.
b) Issuance by the Romanian Government of a Decision approving the maintaining of the validity of the Petroleum Agreement, thereby satisfying the requirements of Article 34.5 of the Romanian Petroleum Law, following the notification of the National Agency for Mineral Resources on the Transaction and the change in control of ExxonMobil Exploration and Production Romania Limited.
We mention that by the Current Report of March 22, 2022 it was estimated that the completion of the Transaction would take place in Q2 of the current year, upon fulfilling the conditions precedent necessary to complete the Transaction, as regulated under the Agreement.
Chief Executive Officer,
Aristotel Marius JUDE
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