If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Tuesday, June 19, 2018 
Market Status: CLOSE
About us and Governance Investor Relations Contact
Advanced search

Market News


Restituting the tax on the 2015-2016 dividends of the investment funds

Release Date: 9/14/2017 4:51:25 PM

IRIS Code: 2AF66

To the: Bucharest Stock Exchange – Department of Operations Issuers Regulated Markets

                Financial Supervision Authority - General Directorate Supervision - Issuers Division


Current report according to the provisions of Law 24/2017, Regulation 1/2006 of CNVM and the BVB Code

Date of report: 14 September 2017

Name of Issuer Entity: CNTEE TRANSELECTRICA SA, company managed in two-tier system

Headquarters: Bucharest 1, Boulevard Gheorghe Magheru 33

Working location: Bucharest 3, Str. Olteni 2-4

Phone / fax numbers: 021 30 35 611/021 30 35 610

Single (fiscal) registration code: 13328043

Number in the Trade Register: J40/8060/2000

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

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



CNTEE TRANSELECTRICA SA (TEL) requested the competent authorities clarifications in accordance with the provisions of the Fiscal Code about the fiscal regime applicable to dividends paid to open investment funds (FDI) constituted as per Law 297/2004 on the capital market, with later amendments and additions and from the correspondence exchanged we can inform you on 04.09.2017 the Directorate of CNTEE TRANSELECTRICA SA approved returning the calculated & withheld tax transferred to the state budget for the dividends paid to investment funds without legal personality, associated to the 2015-2016 dividends.

Taking into account on the payment date of dividends from 2015-2016 financial years to the shareholders recorded in the Shareholders’ Register of TEL on the registration dates 07.06.2016 and 07.06.2017 the dividend tax was withheld by applying 5% quota on the gross dividend, we can inform you steps will be taken as of today in order to return the tax withheld from investment fund beneficiaries without legal personality.

CNTEE TRANSELECTRICA SA is requesting the Participants/Investment Administration Companies/FDI to transmit by 22.09.2017 an affidavit signed by the legal representative/person mandated to represent the investment fund without legal personality in order to return the tax withheld on the 2015-2016 dividends distributed to investment funds without legal personality, which document should include the following information:

-       The type of the investment fund- closed/open

-       The absence of legal personality 

-       The ID data of the fund (single ID/registration code), as shown in the Shareholders’ Register of TEL kept by the Central Depositary and the full name of the investment fund

-       Registration number in the Register of Financial Instruments and Investments  

CNTEE Transelectrica reserves the right to ask for additional documents to the above list in view of identifying the investment funds without legal personality.


Documents will be transmitted to CNTEE TRANSELECTRICA SA using one of the following three modes:

·         By post: str. Olteni 2-4, Bucharest 3, code 030786, mentioning “To the attention of the Shareholders Liaising Department of the Division Corporative Governance, Investor Relations and Representation’’.

·         By e-mail: relatii.investitori@transelectrica.ro  

·         By fax: 021 3035610, mentioning “To the attention of the Shareholders Liaising Department of the Division Corporative Governance, Investor Relations and Representation”.


In case you need more information:

·         E-mail: relatii.investitori@transelectrica.ro

·         Phone: 021-303.59.48


Georgeta-Corina Popescu

Executive Director General

Directorate Chairwoman




Information provided by IRIS, the news platform of the Bucharest Stock Exchange.


Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2016 Bucharest Stock Exchange. All rights reserved