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OLTCHIM S.A. RM. VALCEA - OLT

Transaction price for Oltchim assets sale

Release Date: 10/27/2017 11:08:46 AM

IRIS Code: 381FF

Registration no: 11861/27.10.2017

 To,

Bucharest Stock Exchange

Financial Supervisory Authority

 

Current report according to the provisions of art. 122 of Law no. 24/2017 on Issuers of Financial Instruments and Market Operations and Art. 113 of Regulation no. 1/2006

 

Date of Report: 27.10.2017

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

The company headquarters: Rm. Valcea, 1 Uzinei str.

Fax: 0250/735030; telephone: 0250/701200

VAT no.: RO1475261

Trade Register no.: J38/219/1991

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

Legal Entity Identifier (LEI): 254900KXPD2OOC2LLX56

Capital subscribed and paid: 34,321,138.30 lei

The regulated market where the shares are traded: BSE, symbol OLT, Standard Category

Event to be reported: Sale of asset packages of Oltchim S.A.

Within the context of the competitive asset bundles sales procedure launched by Oltchim S.A. (the “Company”) at the end of last year in view of the sale of nine asset bundles owned by the Company during the reorganization phase of the Company’s insolvency procedure (the “Sales Process”), in the context of the preliminary selection carried out by the Company in the Sales Process, and in the context of the previous reports dated 18.10.2017, and 24.10.2017:

(1)               In the asset sale contract, concluded between Oltchim S.A. and Chimcomplex S.A. Borzesti, regarding the asset bundles no. 1-5, and partially bundle no. 7, the transaction price is the RON equivalent of EUR 127,000,000, namely RON 582,345,800, plus applicable VAT, covering all the transferred assets, in the context of the applicable agreement;

(2)               In the asset sale contract, concluded between Oltchim S.A. and Dynamic Selling Group S.R.L., regarding the asset bundles no. 6, the transaction price is the RON equivalent of EUR 1,900,000, namely RON 8,724,990 plus applicable VAT, covering all the transferred assets, in the context of the applicable agreement;

Closing under such agreements is subject to certain conditions being met, among which the final approval of the general assembly of the creditors of the Company, this body finalizing the selection of the successful bidders.

The Company will update the market in connection with the Sales Process in accordance with the applicable rules until its completion expected to occur in the first part of 2018.

  

Judicial Administrator

BDO Business Restructuring SPRL

____________________________

 

Judicial Administrator

Rominsolv SPRL

____________________________

 

Special Administrator

Stanescu Bogdan

____________________________

 

Deputy General Manager

Avram Victor

______________________________

 

 



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