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ELECTROMAGNETICA SA - ELMA

Challange of the sanction decision issued by Competition Council

Release Date: 5/18/2018 8:25:14 AM

IRIS Code: 4CEAE

CURRENT REPORT

Data report: 17.05.2018

Important events to be reported: the challenge of the sanction decision no. 77/20 December 2017 issued by the Competition Council

Electromagnetica SA challenged before the Court of Appeals the decision no. 77/20 December 2017 of the Competition Council, whereby the Company was sanctioned with a fine in amount of LEI 10,024,824.88 representing 4.23% of its 2016 turnover. In this respect, the Company submitted a request for the cancellation of the sanction decision and further for the reduction of the fine (case no.3970/2/2018), as well as an application for the suspension of the enforcement of the aforementioned sanction decision (case no.3990/2/2018).

Sincerely,

Eugen Scheusan

General Manager



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