If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Friday, July 20, 2018 
Market Status: CLOSE
About us and Governance Investor Relations Contact
Advanced search

Market News


OLTCHIM S.A. RM. VALCEA - OLT

Report according art. 82 Law 24/2017

Release Date: 6/20/2018 8:44:57 AM

IRIS Code: 3B319

 

 Registration no: 6877/June 20, 2018

 
To,

Bucharest Stock Exchange

Financial Supervisory Authority

Financial Instruments and Investments Sector

 

Current report according to art. 82 of Law 24/2017

Date of report: June 20, 2018

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:

 Transactions of the type those mentioned in art.82 of Law 24/2017

 Oltchim SA, as beneficiary, informs shareholders and investors about the conclusion of the following contract with a value of more than 50,000 Euros with the company Sistemplast SA Rm. Valcea, as contractor, where it holds 94.4% of the share capital:

 

Number and date of  the agreement

DA 18212/33871/14.06.2018

Nature of  the agreement

Provision of services

Agreement term

01.07.2018-30.06.2019

Scope of the agreement

Provision of maintenance services, repairs of static machines, railway tanks, safety valves, fittings, technological pipelines and thermal insulation restoration; Provision of maintenance and repair services of dynamic machines;

Provision of maintenance works for electro-measuring and automation devices and air-conditioning units;

Provision of maintenance services, technical inspections and repairs to lifting equipment:cranes, lifting mechanisms, elevators for vehicles and special-purpose lifting machines, passenger elevators, goods elevators with internal control and with skip. 

Estimated value, without VAT

5,886,722 lei

 

Guarantees

The contractor guarantees the quality of the performance of each work according to their category, namely 6 months from the date of acceptance for the repair works and 12 months from the date of acceptance for the new works (constructions).

The completion bond is 3% of the value of each invoice following to be returned after the expiry of the warranty term of the work.

Penalties

0.01% per day of delay from the amount of the unfulfilled or delayed or incomplete obligation. The amount of the penalties will not exceed the amount of outstanding debt.

Payment terms and methods

Payment order or offsetting within 10 days from the receipt of the invoice.

Mutual claims on 31.05.2018

Oltchim SA owes to Sistemplast SA  the amount of 468,366.06 lei

Oltchim SA receivable from Sistemplast SA amounts to 1,968.50 lei

 

Legal  Administrator,

ROMINSOLV SPRL

 

Legal  Administrator,

BDO BUSINESS RESTRUCTURING SPRL       

 

 Special Administrator,

  Stanescu Bogdan

Deputy General Manager,

Avram Victor

 

Economic Manager,

Smeu Alin

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved