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23 Apr 2021 12:17
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
Report date: April 23, 2021
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 in 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:
· The extension of the suspension of the notice of termination of the Public Procurement Contract No. 13384/2016, having as object the Development of Iernut Power Plant (Iernut CTE) by building a new 430 W power plant, with Combined Cycle Gas Turbine, concluded between S.N.G.N. ROMGAZ S.A., as Purchaser and the Consortium consisting of DURO FELGUERA S.A. and S.C. ROMELECTRO S.A., as Executor
In compliance with the provisions of Law No. 24/2017 and Article 234, paragraph 1, letter i) from F.S.A. Regulation No 5/2018, S.N.G.N. ROMGAZ S.A. informs its shareholders and investors upon the fact that on April 22, 2021 it extended the suspension of the notice of termination of the Public Procurement Contract No. 13384/2016 having as object the Development of Iernut Power Plant (Iernut CTE) by building a new 430 W power plant, with Combined Cycle Gas Turbine, until May 7, 2021.
The decision to extend the suspension of the notice of termination of the Public Procurement Contract No. 13384/2016 was taken with a view to continuing negotiations with the Executor, in order to identify, evaluate and implement a solution to ensure the completion and enforceability of the investment objective, the soonest possible, in compliance with the legitimate rights and interests of S.N.G.N. ROMGAZ S.A.
At the same time, S.N.G.N. ROMGAZ S.A. shall receive the Technical and Economic Expertise Report, having as main object the determination the physical and value stage of contract execution, as well as for the determination of the remaining works to be performed, for the completion and enforceability of the investment objective. This expertise Report was mentioned in the Current Report, on April 2, 2021, and it will constitute the base of the implementation of the alternative solution for the completion and enforceability of the investment objective.
Chief Executive Officer,
Aristotel Marius JUDE
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