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Information regarding the litigation initiated by Fondul Proprietatea

Release Date: 11/9/2017 1:23:01 PM

IRIS Code: 61C2D

Report date: 09.11.2017

Name of the issuing entity: Societatea Nationala NUCLEARELECTRICA S.A.

Registered office: Strada Polona nr. 65, Sector 1, Bucuresti

Phone/fax number: 021-203.82.00 / 021 – 316.94.00

Sole Registration Code with the Trade Register Office: 10874881

Order number: J40/7403/1998

Subscribed and paid share capital: RON

Regulated market on which the issued securities are traded: Bucharest Stock Exchange



To:                  Bucharest Stock Exchange

Financial Supervisory Authority

Ref:                 Current report in compliance with the provisions of art. 113, item A, letter j) of the Regulations of the Romanian National Securities Commission regarding the issuers and securities operations, as subsequently amended, as well as article 99 of the Bucharest Stock Exchange Code, Tier II, Issuers and Financial Instruments


Important event to be reported :


Notification regarding the litigation initiated by Fondul Proprietatea S.A. concerning the Resolution of the Extraordinary General Meeting of Shareholders no. 8/06.10.2014


Societatea Nationala Nuclearelectrica S.A. (“SNN”) informs the shareholders and investors that on 09.11.2017 it took notice, from the courts’ of law internet portal, that the claim of Fondul Proprietatea S.A. regarding the annulment of the SNN Extraordinary General Meeting of Shareholders (“EGMS”) resolution no. 8/06.10.2014, in the file no. 40046/4/2014 registered with Bucharest Court of Law, was rejected as ungrounded. Fondul Proprietatea can formulate an appeal for the sentence within 30 days since pronouncement.

We state that by the Resolution of the Extraordinary General Meeting of Shareholders of SNN number 8/6.10.2014 the following were approved:


Approval of SNN’s share capital increase by cash contribution totaling a maximum amount of 239,172,630 lei, from the current value of 2,817,827,560 lei to the amount of 3,057,000,190 lei, by issuing a maximum number of 23,917,263 new, nominative dematerialized shares, at a price of 10 lei / share, equal to the nominal value (without share premium) out of which:

(i) 19,437,670 new shares amounting to 194,376,700 lei representing the cash contribution of the Romanian State through the Ministry of Economy- the Department for Energy, namely the amount of budget allocations related to the period between 2006-2009 for the completion of the Cernavoda NPP’s Unit 2 and for financing the works on the Cernavoda NPP’s Units 3 -5;

(ii) A maximum number of 4,479,593 new shares in the amount of 44,795,930 lei will be granted, within the exercise of the preemption right, for subscription, in exchange for the cash contribution of the Romanian State through the Ministry of Economy, Department for Energy, to other SNN ‘s shareholders, namely to persons who have the quality of shareholder on the registration date, in order to maintain the participation quota with respect to the shares held within SNN on the registration date. SNN’s shareholders will be able to exercise their preemption rights within a period of one month from the date mentioned in the prospectus, date subsequent to the date of registration and the date of publication of the Resolution of the Extraordinary General Meeting of Shareholders in the Official Gazette of Romania, Part IV, namely they will have the right to subscribe a number of shares proportional to the number of shares they hold on the Registration Date. Subscriptions will be held at the nominal value of 10 RON / share without share issuance premium. The number of preemption rights that is given to each shareholder shall be proportional to the number of shares issued by SNN held on the Registration Date. After expiry of the exercise of the preemptive rights, all unsubscribed shares shall be canceled. The effective period of subscription and the subscription procedure shall be notified to the shareholders through the current report after the publication of the EGMS Resolution in the Official Gazette, Part IV.”





Cosmin Ghita












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