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VRANCART SA - VNC

Current Report transaction according art. 82 Law 24/2017

Release Date: 9/27/2017 6:30:04 PM

IRIS Code: 14097

To,

The Financial Supervisory Authority

The Bucharest Stock Exchange

 

Current report according to the CNVM Regulation no. 1/2006

 

Date of report:                                              September 27th, 2017

Name of the issuing entity:                        VRANCART S.A.

Registered office:                                         Adjud, 17 Ecaterina Teodoroiu Street, Vrancea County

Telephone/fax no.:                                       0237-640.800/0237-641.720

Tax Identification Number:                        RO 1454846

Trade Registry registration no.:                 J39/239/1991

Subscribed and paid-in share capital:      103.168.354,70 lei

The regulated trading market:                  The Bucharest Stock Exchange

 

Major events to report:

The company VRANCART S.A. Adjud informs its shareholders and investors of the conclusion of the Additional document no. 6 to the electricity supply agreement no. CO.FZ-354/2016 dated June 28th, 2016, concluded between our company and the company Industrial Energy S.A. Bucharest, reported based on Art. 82 of Law no. 24/2017.

Thus, the elements of the additional document no. 6 dated September 27th, 2017 to the electricity supply agreement no. CO.FZ-354/2016 dated June 28th, 2016 falling under the category of regular transactions that take place between electricity suppliers and consumers, are as follows:

 

The parties that concluded the juridical deed:  Buyer: VRANCART S.A. Adjud

                                                                                    Seller: Industrial Energy S.A. Bucharest

 

Date of conclusion and nature of the deed:      Additional document no. 6 dated September 27th, 2017 to the electricity supply agreement no. CO.FZ-354/2016

                                                                                                                                  

Subject-matter of the additional document:     Change of the electricity price.

 

Agreement value:                                                   The estimated monthly value of the agreement shall increase from Euro 226.000 to Euro 256.000 (without VAT)

 

Mutual receivables:                                               No mutual receivables

 

Guarantees established, stipulated penalties:   There were no guarantees established. Charged penalties of 0,04% per each day of delay.

 

Payment terms and modalities:                         The payment term is 5 calendar days from the invoice issuance, with partial payment in advance.

 

Chairman of the Board of Administrators – General Manager,

Ec. Ciucioi Ionel-Marian             

      

 



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