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OLTCHIM S.A. RM. VALCEA - OLT

Report according art. 82 Law 24/2017

Release Date: 4/12/2018 3:15:04 PM

IRIS Code: 534BD

 

Registration no:4067/12.04.2018

To:

Bucharest Stock Exchange

Financial Supervisory Authority

Financial Instruments and Investors Sector

 

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

 

Date of report: April 12, 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 listed in art. 82 of the Law no.24 / 2017

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

 

Number of the contract and closing date

DA 18073/32737/09.03.2018

DA 18099/33182/04.04.2018

Nature of the contract

Maintenance services

Maintenance services

Term of the contract

From the date of contract signing until the fulfillment of obligations by the parties

From the date of contract signing until the fulfillment of obligations by the parties

Description of the contract scope

Performing repairs to the chlorine compressor within the Membrane Electrolysis Unit

 

Performing external anticorrosive protection works on 22 tank wagons and inner protection on 14 thermally insulated lye soda freight wagons CF

Value excluding VAT

363,313.50 lei

411,801.08 lei(estimated value)

Guarantees

The contractor guarantees the quality of the work execution for 24 months from the date of acceptance report.

The guarantee of good execution is 5% of the value of each invoice and will be withheld by the beneficiary for a period of 24 months after the invoice is issued.

The contractor guarantees the quality of the work execution for 2 years from the date of acceptance report.

The guarantee of good execution is 3% of the amount of the invoice and will be returned after 12 months from reception.

Penalties

- 0.1% per day of delay, calculated at the value of the unfulfilled obligation, fulfilled with delay or improperly, for the first 15 days of delay;

-5% per day of delay from day 16 of delay.

The amount of the penalties will not exceed the amount of the obligation to which it applies.

-  0.1% per day of delay, calculated at the value of the unfulfilled obligation, fulfilled with delay or improperly, for the first 15 days of delay;

-10% per day of delay from day 16 of delay.

The amount of the penalties will not exceed the amount of the obligation to which it applies.

Deadlines and payment methods

- 30% advance payment within 15 days of receiving the invoice;

 -70% with payment order, within 30 days from the issuing by the executor of the invoice along with the acceptance report signed by the beneficiary.

With payment order, within 60 days after the receiving of the invoice, following the quantitative and qualitative work acceptance.

Mutual claims on 31.03.2018

Oltchim SA owes to Sistemplast SA the amount of 460,383.53 lei

Oltchim SA has to receive 2,166.00 lei from Sistemplast SA

 

  

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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