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C.N.T.E.E. TRANSELECTRICA - TEL

Completing the convening Notice of OGSM on December 14/15 2017

Release Date: 11/28/2017 11:51:52 AM

IRIS Code: FAADC

 To:       Bucharest Stock Exchange – Operations with Issuers, Regulated Markets Department

            Financial Supervisory Authority – General Supervisory Directorate - Issuers Division

 

Current report according to the provisions of Law no 24/2017, Regulation 1/2006 and BSE Code

Date of the report: November 28, 2017

Name of the Issuer Company: National Power Grid Co. Transelectrica SA, managed under two tier system

Headquarters: Bucharest 1, Blvd. Magheru no. 33

Working location: no. 2-4, Olteni Street, Bucharest 3

Phone/fax number: 4021 3035 611/4021 3035610

Single Registration Code: 13328043

LEI Code: 254900OLXCOUQC90M036

Number in the Commercial Register: J40/8060/2000

Share capital subscribed and paid: 733,031,420 RON

Regulated market where the issued securities are transacted: Bucharest Stock Exchange

 

COMPLETING THE CONVENING NOTICE FOR THE SHAREHOLDERS’ GENERAL ORDINARY ASSEMBLY
(according to the request of the Romanian State shareholder represented by the Ministry of Economy- Department for Privatisation and Administration of State Participations)

 

The Directorate of the National Power Grid Company Transelectrica SA, managed under two-tier system, seated in Blvd. General Gheorghe Magheru no. 33, Bucharest 1, registered with the Office of the Commercial Register under no. J40/8060/2000, single (fiscal) registration code 13328043, (the Company), having assembled on 28 November 2017, taking into account the request of the Romanian State shareholder represented by the Ministry of Economy, holder of 43,020,309 shares representing 58.6882% of the Company’s share capital, expressed in letter 5961/23.11.2017 (registered under no. 45303/23.11.2017) from the Ministry of Economy- Department for Privatisation and Administration of State Participations), in accordance with article 1171 of the Company law 31/1990, republished, with later amendments and additions, of article 92 para (3) of Law 24/2017 on the issuers of financial instruments and market operations and of article 7 from Regulation 6/2009 of the National Securities Commission about exercising certain shareholders’ rights in the general assemblies of companies, with later amendments and additions, according to the legal and statutory provisions from the Company law 31/1990, republished, with later amendments and additions and in the Company’s Articles of association updated on 09 November 2017, are adding the agenda of the Shareholders’ general ordinary assembly that will take place on 14 December, 10:00 h in Bucharest 3, str. Olteni no. 2-4, PLATINUM Centre Building, 11th floor, Meeting room 1112, initially published in Romania’s Official Gazette, Part IV, no. 3787/09.10.2017 and in Bursa Daily no. 186(6010)/09.10.2017, with the following items:

 

4. Empowering the representative of the Ministry of Economy mandated for the AGOA reunion of 09.11.2017, with a view to sign the mandate contracts of provisional Supervisory Board members appointed by decision 12 of the shareholders’ general ordinary assembly of 09.11.2017.

Thus the ordinary reunion convened on 14 December 2017, 10:00 h Bucharest 3, str. Olteni no. 2-4, PLATINUM Centre Building, 11th floor, Meeting room 1112, for all shareholders recorded in the Company’s Shareholder Register at the end of 04 December 2017 will have the following

 

AGENDA:

  1. The approval of the nomination of Delloite Audit S.R.L as financial auditor of The National Power Grid Company Transelectrica SA;
  2. Notification regarding the initiation of the acquisition procedure for the conclusion of a credit agreement for granting a guarantees ceiling for issuing letters of bank guarantees in the favor of The Romanian Energy Regulatory Authority;
  3. Information regarding company litigations with a value higher than 500,000 euro.
  4. Empowering the representative of the Ministry of Economy mandated for the AGOA reunion of 09.11.2017, with a view to sign the mandate contracts of provisional Supervisory Board members appointed by decision 12 of the shareholders’ general ordinary assembly of 09.11.2017.
  5. Setting 04 January2018 as registration date for the shareholders that will be touched by the effects of the decision taken by the Shareholders’ general ordinary assembly;
  6. Mandating the assembly chairman to sign the decision of the Shareholders’ general ordinary assembly, as well as the documents necessary for the registration and publication of such decision of the Shareholders’ general ordinary assembly according to legal provisions.

 

In case the required quorum cannot be reached on the fore-mentioned date, the Shareholders’ general ordinary assembly will be held on 15 December 2017, 10:00 h in Bucharest 3, str. Olteni no. 2-4, PLATINUM Centre Building, 11th floor, Meeting room 1112, having the same agenda. 

On the convened date, the Company’s share capital is 733,031,420 lei and consists of 73,303,142 nominative dematerialised shares of 10 Lei nominal value, each share providing the right to one vote in the Shareholders’ general ordinary assembly.

The proposed registration date for the shareholders that will be touched by the effects of the decision taken by the Shareholders’ general ordinary assembly of Company shareholders, date which will be established by the Shareholders’ general ordinary assembly, is 04 January 2018.

The draft Decision of the Shareholders’ general ordinary assembly and reunion materials (documents or information about the agenda items) are available beginning with 10 November 2017, namely 29 November 2017, in electronic format, both in Romanian and in English on the Company’s website (www.transelectrica.ro), page Investor Relations/AGA and can also be procured from the following address: PLATINUM Centre, str. Olteni 2-4, Bucharest 3 on week-days, 08:00 - 15:00 h.

Each shareholder has the right to ask questions about the items on the General Assembly’s agenda, to which answers will be posted on the Company’s website. Questions can be submitted in writing, either by mail or courier service (at: Bucharest 3, str. Olteni no. 2-4, PLATINUM Centre Building), or by electronic means (e-mail: irina.racanel@transelectrica.ro or fax: +4021.303.56.10) to the attention of Mrs Irina Racanel.

Shareholders enlisted on the reference date in the Company’s Shareholders’ register, notified by the Central Depositary, that directly or indirectly hold participation of at least 5% from the Company’s share capital are compelled to fill in and submit a liability statement according to the provisions of article 34 para 2 from the Electricity and natural gas law 123/2012, with later amendments and additions, of article 17 para 8 and of article 40 from the Company’s Articles of association. Such statement will be accompanied by the summary of account positions to date / the statement of account showing the portfolio of shares held by it to the economic operators carrying out power generation or supply activities, issued by the Participant / Central Depositary. The model of statement form will be posted both in Romanian and in English on the Company’s site together with the correspondence voting forms and the special powers of attorneys. This form can be also obtained from the following address: PLATINUM Centre, str. Olteni 2-4, Bucharest 3 on week-days, 08:00 ÷ 15:00 h. The responsibility of the statements in terms of compliance with applicable legal and statutory provisions devolves exclusively on each shareholder individually (article 326 of the Criminal Code approved by Law 286/2009 with later amendments and additions). Such statement together with the statement of account / summary of account positions to date will be filled in, signed by the shareholder and submitted in the original to the Company before the reunion of the Shareholders’ general assembly.

The capacity of shareholder as well as, in case of legal person shareholders or of entities without legal personality, the capacity of legal representative is ascertained according to the list of shareholders on the reference/registration date received by the Company from the Central Depositary or, as the case may be, for different reference/registration dates according to the following documents that the shareholder submits to the issuer, issued by the central depositary or by the participants defined in article 168 para (1) let. b) from Law 297/2004, with later amendments and additions, that provide custody services:

    a) The statement of account showing the capacity of shareholder and the number of shares held;

    b) The documents certifying the registration of the information about the legal representative with the central depositary / the respective participants.

Documents certifying the capacity of legal representative elaborated in a foreign language, other than English, will be accompanied by translation made by certified translator into Romanian or English. There is no need to legalise or apostille the documents certifying the capacity of shareholder’s legal representative. To identify the natural person shareholder, or as the case may be the legal representative of the legal person shareholder or entity without legal personality asking questions, proposing candidates, making proposals that add the agenda or submitting draft decisions, he/she will attach copies of the documents certifying his/her identity to such request.

Only shareholders registered on the reference date 04 December 2017 can attend and vote in person or by proxy.

Participation by representative will use a special power of attorney, in accordance with the form provided by the Company, or a general mandate, while also observing the provisions of article 243 par 6, 61-65 from Law 297/2004 on the capital market, with later amendments and additions, according to the terms from articles 14, 15, 151, 16, 17 and 171 from Regulation 6/2009 of CNVM, with later amendments and additions.

The special power of attorney form both in Romanian and English will be also available in electronic format on the Company’s website www.transelectrica.ro, page Investor Relations/AGA beginning with 29 November 2017.

The special power of attorney in the original or the general mandate (a copy that should mention the conformity with the original and bear the representative’s signature), either in Romanian or in English will be submitted at Bucharest 3, str. Olteni no. 2-4, PLATINUM Centre Building, to the kind attention of Mrs. Irina Racanel, or will be transmitted bearing the extended electronic signature according to the provisions of Law 455/2001 on the electronic signature by e-mail to: irina.racanel@transelectrica.ro. The special power of attorney will be submitted in a closed envelope marked “Special power of attorney – for the AGOA Secretariat 14/15 December 2017” by 14 December 2017, 10:00 h for the first convocation, namely by 15 December 2017, 10:00 h, for the second convocation.

Shareholders registered on the reference date can vote by correspondence before the Shareholders’ general ordinary assembly using the correspondence voting form made available both in Romanian and in English beginning with 29 November 2017 on the Company’s website (www.transelectrica.ro), page Investor relations/AGA. The vote by correspondence can be cast by a representative only in case he/she has received from the shareholder he/she represents a special/general power of attorney that is submitted to the Company as specified above.

Correspondence voting forms either in Romanian or in English that have been filled in and signed by shareholders and are accompanied by a copy of the ID document of the natural person shareholder or, as the case may be, a copy of the ID document of the legal person shareholder’s representative, will have to get in the original by post or courier service, in closed envelope marked “Special power of attorney – for the AGOA Secretariat AGOA 14/15 December 2017”, by post or courier services to the following address: PLATINUM Centre Building, str. Olteni no. 2-4, postal code 030786, Bucharest 3, by 14 December 2017, 10:00 h for the first convocation, namely by 15 December 2017, 10:00 h for the second convocation.

Additional information can be obtained from the phone number +40 722.314.610, Mrs. Irina Racanel, technical secretary of the Shareholders’ general assembly.

 

 

Georgeta - Corina POPESCU

Executive Director General

Directorate Chairwoman

 



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