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SANTIERUL NAVAL ORSOVA S.A. - SNO

Contracts

Release Date: 2/16/2018 6:55:16 PM

IRIS Code: F30EA

S.C. SANTIERUL NAVAL ORSOVA S.A.

 

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              TO :

                    AUTHORITY OF FINANCIAL SURVEILLANCE

                                BUCHAREST EXHANGE HOUSE,

 

CURENT REPORT IN ACCORDING WITH C.N.V.M. REGULATION NR. 1/2006,

AS AMENDED AND SUPPLEMENTED

 

 

Report date: 16.02.2018

 

-          Name of the company: S.C. SANTIERUL NAVAL ORSOVA S.A.;

-          Registered office: 4, TUFARI Street, ORSOVA, MEHEDINTI County;

-          Telephone/facsimile:0252/362399 0252/360648;

-          Single registration code issued by the Trade Register: RO 1614734;

-          Registered number with the Trade Register: J25/150/03.04.1991;

-          Regulated market where the issued securities are traded: it is a company whose shares are traded on a regulated market, respectively it is listed on the Bucharest Stock Exchange, symbol: SNO

-          Subscribed and paid in share capital: 28,557,297.5 Lei

-          Class, type, number and core values of securities issued by the company: 11,422,919 common shares, nominative, of 2.5 Lei each;

 

In accordance with the provisions of Law no.297 / 2004 on capital market, as amended and supplemented and Regulation No.1 / 2006 as amended and supplemented, SC Orsova Shipyard S.A., a company admitted to trading on an organized market, listed on the Bucharest Stock Exchange informs ASF, BSE and its shareholders in this Current Report regarding the following significant events to report:

 

VALIDATION OF 3 CONTRACTS FOR CONSTRUCTION AND DELIVERY OF INLAND VESSELS.

 

In its meeting dated 15TH of February 2018, the Board of Directors of SC Orsova Shipyard S.A. validated a total of 3 construction contracts for foreign vessels, which are related to the following clarifications:

·         Nature acts concluded: commercial contracts with intra-Community (Netherland)

·         Object contracts: one commercial contract for the construction and delivery of one tanker vessel with cargo zone in stainless steel, 2 contracts for construction and delivery of one container vessel of 110 m each per contract

·         The total value of the 3 contracts: 5.300.000 EURO

·         Terms and conditions of payment: an advance payment of 10% - 40% of the contract value, based on a letter of guarantee refund of the advance and the remaining payment: based on documentary letter of credit, payable after arrival at the place of delivery, in according with contractual terms.

 

PRESIDENT OF BOARD OF DIRECTORS

Dr. Ec. Mihai Fercala



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