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OLTCHIM S.A. RM. VALCEA - OLT

Convening General Meeting of creditors of Oltchim SA

Release Date: 12/7/2017 11:55:23 AM

IRIS Code: 6621D

 

 Registration no:13.337/07.12.2017

To:

Bucharest Stock Exchange

Financial Supervisory Authority

Financial Instruments and Investors Sector

 

Current report in compliance with NSC Regulation no.1/2006

Date of report: December 07, 2017

Name of the company: Oltchim S.A. Rm. Valcea

Registered office: Rm. Valcea, 1 Uzinei Street

Fax number: 0250/735030/736188

Phone number: 0250/701200

Unique Registration Code:RO1475261

Trade Register Number: J38/219/1991

The European Unique Identifier (EUID): ROONRCJ38/219/1991

Legal Entity Identifier (LEI): 254900KXPD2OOC2LLX56

Subscribed and paid up capital: 34,321,138.30 lei

Regulated market on which the issued shares are traded: BSE, market symbol OLT

Event to be reported:

Convening meeting of creditors

The consortium of judicial administrators composed of BDO BUSINESS RESTRUCTURING SPRL and ROMINSOLV SPRL convened the General Meeting of Creditors of Oltchim SA for 11 December 2017 at 11:00 a.m. with the following agenda :

 1.         Presentation and submission for approval of the contract for sale of assets (Bundles 1-5 and part 7) concluded between Oltchim SA as seller, Chimcomplex SA Borzesti as buyer and Serviciile Comerciale Romane SA as Guarantor, including the Transaction Price (without prejudice to the possibility of additions and technical adjustments to the transfer protocols and contracts included in the annexes with the view to complete the sale).

2.         Presentation and submission for approval of the sale agreement (Operational bundle 6) concluded between Oltchim SA as seller and Dynamic Selling Group SRL as buyer, including the Transaction Price (without prejudice to the possibility of additions and technical adjustments to the draft transfer protocols and contracts included in the annexes, with the view to complete the sale).

3.         Presentation of the status of the binding offers submitted by International Process Plants and Equipment Corp for asset bundles 7, 8, 9 and putting to the creditors’ vote the bids for bundles 8 and 9, respectively the rejection of the bid for bundle 7.

4.         Presentation of the status of the binding offers submitted by Louisiana Chemical Equipment Company, LLC for asset bundles 7, 8 si 9 and rejection of the sale to this bidder.

5.         Presentation of the status of the binding offers submitted by White Tiger Wealth Management Ltd for asset bundles 1, 3-5, 7, 8 and partially 9 and rejection of the sale to this bidder.

6.         Presentation of the status of the binding offer submitted by Grup Feroviar Roman SA for asset bundle 5 and rejection of the sale to this bidder.

7.         Presentation of the status of the binding offer submitted by RT Commerce LTD for asset bundle 5 and rejection of the sale to this bidder.

8.         Presentation of the status of the binding offer submitted by BNS Grup for asset bundle 7 and rejection of the sale to this bidder.

9.         Presentation of the status of the binding offers submitted by AIOTEC GmbH for asset bundles 7 and 8 and rejection of the sale to this bidder.

 

Legal  Administrator

ROMINSOLV SPRL

 

Legal  Administrator

BDO BUSINESS RESTRUCTURING SPRL       

 

 Special Administrator

 Bogdan Stanescu

Deputy General Director

Victor Avram

 

 

 

Economic Director

Alin  Smeu

 

 

 

 



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