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VRANCART SA - VNC

Current Report transaction according art. 82 Law 24/2017

Release Date: 1/18/2018 6:30:09 PM

IRIS Code: C51D9

To,

The Financial Supervisory Authority

The Bucharest Stock Exchange

 

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

 

Date of report:                                               January 18th, 2018

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. 8 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. 8 dated January 18th, 2018 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

                                                                                      Selller: Industrial Energy S.A. Bucharest

Date of conclusion and nature of the deed       Additional document no. 8 dated January 18th, 2018 to the electricity supply agreement no. CO.FZ-354/2016

                                                                                                                               

Subject-matter of the additional document:        Electricity price change according to the Orders of the Romanian Energy Regulatory Authority no. 110, 116, 118, 122 and 123 from 2017 applicable to

                                                                                        the electricity consumption for January 2018 

 Agreement value:                                                       The estimated monthly value of the agreement shall increase from Euro 290.000 to Euro 297.500        (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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