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SANTIERUL NAVAL ORSOVA S.A. - SNO

Contracts validation

Release Date: 7/19/2019 6:35:09 PM

IRIS Code: BADD4

S.C.SANTIERUL NAVAL ORSOVA S.A.

______________________________________________________________________________________

 

 

TO :  

 

THE STOCK EXCHANGE BUCHAREST – Department of Operations Issuers of Regulated Markets  FINANCIAL MONITORING AUTHORITY – Department of Financial Instruments and Investments

 

CURRENT REPORT

ACCORDING TO THE LAW NO. 24/2017 AND TO THE ASF REGULATION NO. 5/2018

Concerning the issuers of financial instruments and market operations

 

Report date: 19.07.2019  

 

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

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

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

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

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

- Code Lei: 254900UXAJ8TPIKLXG79

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

- Number of shares: 11.422.919 common shares, of 2,5 lei each;

- Regulated market where the issued securities are traded: Bucharest Stock Exchange-category    Standard (symbol: SNO)

 

 

IMPORTANT EVENT TO REPORT: VALIDATION OF 2 CONTRACTS FOR CONSTRUCTION AND DELIVERY OF INLAND VESSELS.

 

S.C. Santierul Naval Orsova S.A. informs the shareholders and all interested parties that, in its meeting dated 18th  of July 2019, the Board of Directors of SC Orsova Shipyard S.A. validated a total of 2 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 of 110 m, 1 contract for construction and delivery of one crane ship vessel of 86 m

·         The total value of the 2 contracts: 3.350.000 EURO

·         Terms and conditions of payment: an advance payment of 10% - 90% 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.

 

General Manager,

Eng. Mircea Ion Sperdea



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