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Current Report transaction according art. 82 Law 24/2017

Release Date: 12/19/2017 6:30:00 PM

IRIS Code: D17EC


The Financial Supervisory Authority

The Bucharest Stock Exchange


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


Date of report:                                               December 19th, 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. 7 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. 7 dated December 19th, 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. 7 dated December 19th, 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 256.000 to Euro 290.000 (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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