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S.N. NUCLEARELECTRICA S.A. - SNN

Notice of O&EGSM December 19, 2019

Release Date: 11/12/2019 6:00:10 PM

IRIS Code: 83DDD

Current report according to: article 234 paragraph (1) letter a) and b) of the ASF Regulation  no. 5/2018 on issuers of securities and market operations and the provisions of art. 99 of Bucharest Stock Exchange Code, Title II, Issuers and Financial Instruments

Report date: 12.11.2019

Name of issuing entity: NUCLEARELECTRICA S.A. National Company

Social headquarters: 65 Polona St., district 1, Bucharest

Telephone/Fax Number: 021-203.82.00 / 021 – 316.94.00

Sole Registration Code with the Trade Registry Office: 10874881

Running number: J40/7403/1998

Subscribed and paid-up share capital: RON 3,015,138,510

Regulated market on which the issued securities are traded: Bucharest Stock Exchange

 

To: Bucharest Stock Exchange

       Financial Supervisory Authority

Significant event to report: Decision of the Board of Directors on the Convocation of the Ordinary and Extraordinary  General Meeting of Shareholders of SNN set for 19.12.2019/20.12.2019

 

Nuclearelectrica S.A. National Company ("SNN") is hereby notifying the shareholders that, on 12.11.2019, the Board of Directors of SNN approved the summoning of the Ordinary and Extraordinary General Meeting of the Shareholders for 19.12.2019/20.12.2019 starting from 10:00, at Hotel Capital Plaza, Ion Mincu I Hall, 54 Iancu de Hunedoara Blvd., District 1, Bucharest. The convening notice may be found in Appendix 1 to this Report.

The decision of the Board of Directors to convene the OGMS was taken following the reception on 12.11.2019 from the minority shareholder, Fondul Proprietatea, by the address no. 429/12.11.2019 registered at SNN under the number 13410/12.11.2019 of a request regarding the summoning of an ordinary general meeting of shareholders having as item on the agenda the approval to distribute supplementary dividends in amount of 512.573.546,7 lei from the reported result of the company, the gross supplementary dividend value of 1,7 lei/share, the payment date, namely, 31.01.2020 and of the payment ways.

In compliance with the above mentioned, under the provisions of art. 119, paragraph (1) of Law 31/1990, during the GMS dated 19.12.2019/20.12.2019, the proposal regarding the distribution of supplementary dividends will be subject to the shareholders’ approval, as per the Note that is to be published on SNN website on 18.11.2019.

The information materials related to the points included on the agenda shall be available for consultation on the company's website (www.nuclearelectrica.ro) starting as of 18.11.2019, hour 18:00.

Cosmin Ghita

Chief Executive Officer

 

Appendix 1

 

                                     CONVENING NOTICE FOR THE ORDINARY AND EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF SOCIETATEA NATIONALA NUCLEARELECTRICA S.A.

 

 

The Board of Directors of Societatea Nationala Nuclearelectrica S.A. (hereinafter called “SNN” or the “Company”) a national joint-stock company, managed according to a unitary system, established and operating in compliance with the Romanian laws, registered with the Trade Register Office attached to the Bucharest Court under number J40/7403/1998, Tax Identification Number RO 10874881, with registered office in 65 Polona Street, District 1, Bucharest, having a subscribed and paid-up share capital amounting to Lei 3,015,138,510.

 

Whereas

 

 

  • Provisions of art. 13 and art. 14 of the Company’s Articles of Incorporation, in force (the "Articles of Incorporation");
  • Provisions of Law no. 31/1990 on trading companies, republished, as subsequently amended and supplemented;
  • Government Emergency Ordinance no. 109/2011 regarding corporate governance of the public institutions, as further amended and supplemented;
  • Provisions of Law no. 24/2017 on the issuers of financial instruments and market operations;
  • Provisions of the ASF Regulation no. 5/2018 on the issuers of financial instruments and market operations;
  • Provisions of the National Securities Commission Regulations no. 13/2005 regarding the authorization and operation of the central repository, clearing houses and central counterparts
  • The request of the minority shareholder, Fondul Proprietatea SA, registered at SNN under the no. 13410/12.11.2019 regarding the convening of the Ordinary General Meeting of SNN Shareholders. The request of Fondul Proprietatea SA is in compliance with the provisions of art. 119 paragraph (1) of the Companies’ Law no. 31/1990 republished, as subsequently amended, the provisions of art. 92 paragraph (23) of the Law no. 24/2017 regarding issuers of financial instruments and market operations and those of art. 14 paragrapph (2) of the Articles of Incoporation of the company, as shareholder holding more than 5% of the Company's share capital.

 

                                                                                                                                                                                      Convokes

  1. The Ordinary General Meeting of the Shareholders of Societatea Nationala Nuclearelectrica S.A. for 19.12.2019, hours 10:00 (Romania’s time), at the Hotel Capital Plaza, Ion Mincu I Room, 54 Iancu de Hunedoara Blvd., District 1, Bucharest

 

  1. The Extraordinary General Meeting of the Shareholders of Societatea Nationala Nuclearelectrica S.A. for 19.12.2019, hours 11:00 (Romania’s time), at the Hotel Capital Plaza, Ion Mincu I Room, 54 Iancu de Hunedoara Blvd., District 1, Bucharest

 

Only the persons registered as shareholders of SNN on the date of 06.12.2019 („Reference Date”) in the shareholder register issued by Depozitarul Central S.A. are entitled to attend and vote within the OGMS/EGMS.

 

The Agenda of the Ordinary General Meeting of Shareholders is as follows:

 

  1. Election of the Secretary of the Ordinary General Meeting of Shareholders.
  2. The approval of the distribution of the amount of 512,573,546.7 lei from the reported result of the company, in the form of supplementary dividends, respectively of the value of the gross of supplementary dividend per share amounting to 1.7 lei, of the date of payment of the dividends, respectively of 31.01.2020 and of the payment methods, provided in the Note presented to shareholders.
  3. The approval of the date 17.01.2020 as registration date in compliance with art. 86, paragraph (1) of Law 24/2017 regarding issuers of financial instruments and market operations, namely the date serving for the identification of the shareholders who will benefit from dividends or any other rights and who will be affected by the resolutions of the EGMS. 
  4. The approval of the date 16.01.2020 as „ex date”, namely the date prior to the registration date on which the financial instruments which make up the object of the company’s resolutions are traded without the rights derived from the resolution, in compliance with the provisions of art. 2, paragraph (2) letter l) from the ASF Regulation no. 5/2018 regarding issuers of financial instruments and market operations.
  5. The approval of the date of 31.01.2020 as the payment date, respectively, the calendar date at which the results of a corporate event, related to the possession of financial instruments, are due, respectively, to which the debiting and / or lending of amounts of money and / or instruments must be performed financial, in accordance with the provisions of art 2 paragraph 2 letter. h) of Regulation 5/2018.
  6. Empowering the Chairman of the Board of Directors to sign on behalf of shareholders the OGMS resolutions and any other documents related thereto, and to perform any act or formality required by law to register and fulfil the OGMS resolutions, including the formalities for their publication and registration with the Trade Register or any other public institution. The Chairman of the Board of Directors may delegate all or part of the powers granted above to any competent person in order to fulfil this mandate.

 

The Agenda of the Extraordinary General Meeting of Shareholders is as follows:

 

  1. Election of the Secretary of the Extraordinary General Meeting of Shareholders.
  2. The approval of the following proposals:
  1. increasing the value limit of competence delegated by the shareholders of the Board of Directors, by the Resolution of the Extraordinary General Meeting of Shareholders (EGMS) no. 2/04.01.2019, point 4, for the increase of the share capital of the company with the value of the land of 34,170 sqm, located in 23 Energia Street Cernavoda, from the initial value approved by the EGMS Resolution no. 2/04.01.2019, of 3.015.427.983 lei, at the maximum value of 3.016.518.660 lei;

 

  1.  modification of the limit of the maximum value of the authorized share capital proposed by the shareholders of the company, according to the EGMS Resolution no. 2/04.01.2019, point 4, and until which the Board of Directors is authorized to carry out the capital increase detailed by the Resolution of the EGMS no. 2/04.01.2019, from the initial value of 3.015.427.983 lei, up to the maximum value of 3.016.518.660 lei;

 

  1. Amendment of paragraph (7) in art 8 of the Articles of Incorporation of SN Nuclearelectrica SA, as follows:

 

“(7) In accordance with the provisions of art. 2201 of Law no. 31/1990, the Board of Directors is authorized, for a period of three years, to increase the share capital by issuing new shares in exchange for the contributions of the shareholders, up to a value of the authorized capital of 3.016.518.660 lei, representing:

  • the contribution in nature of the Romanian State, represented by the Ministry of Energy, following the obtaining of the land ownership certificate issued by the Ministry of Industry and Resources no 6899 / 12.10.2001 on the land of 34 170.15 sqm located in 23 Energia Street, Cernavoda; the value of the land representing the contribution in nature of the state shall be determined by independent experts designated by the Trade Register Office in accordance with the provisions of art. 215 of Law no. 31/1990 by updating the value of the land from the moment of submitting the documentation with the inflation index according to the  provisions of art. 6 of GD no. 834/1991, corroborated with the provisions of art. 143 of HG no. 577/2002;   
  • the cash contribution of the other shareholders within the exercise of the pre-emption right by the other shareholders in exchange for the contribution in nature of the Romanian State by means of the Ministry of Energy.      
  • The decision of the Board of Directors to increase the share capital shall be published in the Official Gazette of Romania, Part IV".

 

  1. The approval of the date 17.01.2020 as registration date in compliance with art. 86, paragraph (1) of Law 24/2017 regarding issuers of financial instruments and market operations, namely the date serving for the identification of the shareholders who will benefit from dividends or any other rights and who will be affected by the resolutions of the EGMS. 
  2. The approval of the date 16.01.2020 as „ex date”, namely the date prior to the registration date on which the financial instruments which make up the object of the company’s resolutions are traded without the rights derived from the resolution, in compliance with the provisions of art. 2, paragraph (2) letter l) from the ASF Regulation no. 5/2018 regarding issuers of financial instruments and market operations.

 

  1. Empowering the Chairman of the Board of Directors to sign on behalf of shareholders the EGMS resolutions and any other documents related thereto, and to perform any act or formality required by law to register and fulfil the EGMS resolutions, including the formalities for their publication and registration with the Trade Register or any other public institution. The Chairman of the Board of Directors may delegate all or part of the powers granted above to any competent person in order to fulfil this mandate.

 

In the event that the legal conditions for holding the OGMS/EGMS on the date of the first calling are not met, a new OGMS/EGMS, as appropriate, shall be convened for the date of 20.12.2019, hours 10.00, respectively, hours 11:00 having the same agenda. In the event of a new calling, the reference date set for the identification of the shareholders entitled to attend and vote within the EGMS is the same. The OGMS/EGMS will take place at the Hotel Capital Plaza, Ion Mincu I Room, 54 Iancu de Hunedoara Blvd., District 1, Bucharest.

 

The right to introduce new items on the agenda. The right to present draft resolutions for the items included or proposed to be included on the meeting’s agenda.

According to the provisions of art. 92, par. (3) of Law no. 24/2017, art. 1171, par. (1) of Law no. 31/1990, of art. 189 of the ASF Regulation no. 5/2018, as well as of art. 14 of the company's Articles of Incorporation, one or more shareholders, representing individually or together at least 5% of the Company’s share capital, may request, by a petition addressed to the Company’s Board of Directors, the introduction of some additional points on the OGMS/EGMS agenda, under the condition that each point is accompanied by a justification or by a resolution draft proposed to be adopted by the general meeting; and present resolution drafts for the points included or proposed to be included on the agenda of the general meeting.The proposals regarding the introduction of additional points on the OGMS/EGMS agenda and/or the presentation of resolution drafts for the included points or for the points proposed to be included on the OGMS/EGMS agenda must meet the following cumulative conditions:

 

 

  1. In case of individual shareholders, thy shall be accompanied by the copies of the shareholders IDs (the IDs presented by the shareholders must make possible their identification in the shareholders register of SNN, held by SC Depozitarul Central S.A.), and in case of legal entity shareholders they shall be accompanied by:

 

  • the Confirmation of Company Details, in original or a true certified copy, issued by the Trade Register or by any other document, in original or in a true certified copy, issued by a competent authority of the state in which the shareholder is legally registered, certifying the existence of the legal entity and the name/capacity of legal representative, not older than 3 months in relation to the date of publication of the general meeting convening notice, allowing their identification in the SNN shareholders' register kept by SC Depozitarul Central S.A.;

 

  • the capacity of legal representative shall be established based on the list of SNN shareholders (register of shareholders) valid at the reference date, received from Depozitarul Central S.A. However, if the shareholder did not inform the Central Depository in time about his legal representative or is this information not mentioned in the list of SNN shareholders valid at the reference date received from the Central Depository, the confirmation of company details/the aforementioned similar documents must serve as proof of the shareholder’s legal representative.

 

- the documents proving the capacity of legal representative drafted in a foreign language, other than the English language, shall be accompanied by a translation into the Romanian or English language, performed by a certified translator. SNN will not require the legalization or apostille of documents which prove the capacity of legal representative of the shareholder.

 

  1. To be accompanied by a justification and/or a resolution draft proposed to be adopted;

 

  1. To contain prescriptions regarding the attributions of the assembly;

 

  1. To be sent to the Company’s Registration Office through any form of courier with acknowledgment of receipt, so that they are registered as received at the Company’s Registration Office by 03.12.2019, hours 16:00, in a closed envelope, with the note legibly written in capital letters: ”FOR THE ORDINARY AND EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF 19.12.2019”; the proposals may be sent by e-mail with the extended incorporated electronic signature in compliance with Law No. 455/2001 on electronic signature by the date of 03.12.2019 hours 16:00 to the e-mail address aga@nuclearelectrica.ro, with the subject: “FOR THE ORDINARY AND EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF 19.12.2019

 

In order to identify and prove the shareholder capacity of a person who makes proposals for supplementing the agenda (or who asks questions in compliance with art. 198 of the ASF Regulation no. 5/2018), SNN may ask from that person the bank account statement issued by the Central Depositary, out of which result his shareholder capacity and the number of shares he owns.

 

The supplemented agenda will be published by the Company by 05.12.2019.

 

Information materials and questions referring to the agenda

 

Starting with the date of  18.11.2019 hours 18.00, all the information materials related to issues included on the agenda, the draft resolutions proposed to be adopted by the general meetings and the rules and regulations regarding the organization and development of the general meetings (which include the voting procedure based on representative and the procedure allowing the vote by correspondence) shall be available on business days at the Company’s headquarters, in 65 Polona Street, District 1, Bucharest, at the Company’s Registration Office between 08:30 and 16:30, as well as on the Company’s website (www.nuclearelectrica.ro). The Company’s shareholders may obtain, upon request, copies of the documents referring to issues included on the agenda of theOGMS/ EGMS.

 

The Company’s shareholders, regardless of their interests in the share capital, may ask questions, in writing, regarding the items on the agenda of the OGMS/EGMS.

 

The identification requests aforementioned in the chapter regarding the supplementation of the agenda are applicable also for the individual shareholder and/or for the legal representative of the corporate shareholder who asks questions regarding the points on the GMS agenda.

 

The questions shall be sent to the Company’s Registration Office through any form of courier with acknowledgment of receipt, so that they are registered as received at the Company’s Registration Office by 17.12.2019, hours 16:00, in a closed envelope, with the note legibly written in capital letters: “FOR THE ORDINARY AND EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS DATED 19.12.2019”.

 

 

The Company may draft a general answer for the questions with the same content. It is considered that the Company has answered the questions if the required relevant information is published on the Company’s website www.nuclearelectrica.ro in the format of Q&A.

 

Shareholders may also send such questions by e-mail with the extended incorporated electronic signature, in compliance with Law No. 455/2001 on electronic signature by the date of 17.12.2019 hours 18:00 to the e-mail address: aga@nuclearelectrica.ro, with the subject: “FOR THE ORDINARY AND EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS DATED 19.12.2019”.

 

Participation and voting in the General Meeting of the Shareholders

 

The shareholders registered in the shareholders register at the Reference Date may attend the OGMS/EGMS and may vote in person, through a representative or by correspondence.

 

The regulations regarding the organization and development of the general meeting of the shareholders are available on the Company’s internet page www.nuclearelectrica.ro and include the voting procedure by special or general power of attorney and the procedure allowing the vote by correspondence.

 

The access of the shareholders entitled to participate, on the reference date, in the general meeting of shareholders, is allowed by simply proving their identity, in the case of natural-person shareholders, by their identity card or, in case of legal entities, of the legal representative, and in the case of legal entities and natural-person shareholders who are represented, with the power of attorney of the person who represents them, according to the applicable legal provisions in the field.

 

 

The direct vote (personal) shall be exercised after the shareholder proves his/her identity:

 

  1. In case of individual shareholders by presenting the identity document; the identity documents presented by shareholders must permit their identification on the list of SNN shareholders valid on the reference day and issued by S.C. Depozitarul Central S.A.;

 

  1. In the case of legal entities, by presenting:

 

  1. The identity document of the legal representative (ID or IC for the Romanian citizens, or passport for foreign citizens),
  1. Confirmation of company details, as original document or a true copy of the original document, issued by the

 

Trade Register or by any other document, in original or in a true certified copy, issued by a competent authority of the state in which the shareholder is legally registered, certifying the existence of the legal entity and the name/capacity of legal representative, not older than 3 months in relation to the date of publication of the general meeting convening notice, allowing their identification in the list of SNN shareholders on the reference date, issued by

 

S.C. Depozitarul Central S.A.;

 

The capacity of a legal representative shall be ascertained based on the list of SNN shareholders valid on the reference date, received from Depozitarul Central S.A. However, if the shareholder did not inform the Central Depository in time about his legal representative (so that the Shareholders’ register shows this fact at that particular date), than the confirmation of company details/similar documents aforementioned must prove the shareholder’s legal representative; for the Romanian State, the capacity of legal representative of the Ministry of Energy is proven by the copy of the appointment decree issued by the President of Romania (copy of the Official Gazette is has been published in or excerpt of a legislative program).

 

 

For all aforementioned situations, the documents presented in a foreign language (excepting the identity documents valid on the territory of Romania, written with Latin letters) shall be accompanied by a certified translation into the Romanian or English language. The documents proving the capacity of legal representative drafted in a foreign language, other than the English language, shall be accompanied by a translation into the Romanian or English language, performed by a certified translator. SNN shall not require the legalization or apostille of documents which prove the capacity of legal representative of the shareholder.

 

Vote by representative, based on special power of attorney

 

 

Shareholders may participate personally or may be represented in OGMS/EGMS by a designated representative ("Proxy") who was issued a special power of attorney, based on the representation form provided by the Company, according to art. 92 par. (12) of Law no. 24/2017. The power of attorney form may be obtained starting with 18.11.2019 hours 18:00 from the Company’s Registration Office and from the Company’s website (www.nuclearelectrica.ro). The power of attorney form shall be updated if new items are added on the EGMS agenda.

 

The special powers of attorney must be filed in by the shareholder (in three original copies: one form for the shareholder, one for the proxy and one for SNN), they must be signed and contain specific voting instructions for each item on the EGMS agenda for which the Proxy is going to vote in the name of the shareholder, clearly specifying the voting option (i.e. vote “for”, “against” or “abstain”). One shareholder may be represented in the OGMS/EGMS by only one Proxy, having a special power of attorney granted for the EGMS dated 19.12.2019.

 

The special power-of-attorney shall be accompanied by the following documents:

 

 

  1. for individual shareholders: copy of the shareholder’s identity document, that shall permit his/her identification on the list of SNN shareholders valid on the reference day and issued by S.C. Depozitarul Central S.A. and copy of the representative’s identity document (ID or IC for the Romanian citizens, or passport for foreign citizens, with PIN (personal identity number) - if it exists in their country of origin);

 

  1. for legal entity shareholders:

 

  1. the Confirmation of Company Details, in original or a true certified copy, issued by the Trade Register or by any other document, in original or in a true certified copy, issued by a competent authority of the state in which the shareholder is legally registered, certifying the existence of the legal entity and the name/capacity of legal representative, not older than 3 months in relation to the date of publication of the general meeting convening notice, allowing their identification in the list of SNN shareholders on the reference date, issued by SC Depozitarul Central S.A.; for the Romanian State, the capacity of legal representative of the Ministry of Energy is proven by the copy of the appointment decree issued by the President of Romania (copy of the Official Gazette is has been published in or excerpt of a legislative program).

 

(ii) the capacity of legal representative shall be established based on the list of SNN shareholders valid at the

 

reference date, received from Depozitarul Central S.A. However, if the shareholder did not inform the Central Depository in time about his legal representative or is this information not mentioned in the list of SNN shareholders valid at the reference date received from the Central Depository, the confirmation of company details/the aforementioned similar documents must serve as proof of the shareholder’s legal representative;

 

(iii) copy of the representative’s (proxy’s) identity document (ID or IC for the Romanian citizens, or passport for foreign citizens, with visible PIN (personal identity number) - if it exists in their country of origin);

 

c) the documents presented in a foreign language (excepting the identity documents valid on the territory of Romania, written with Latin letters) shall be accompanied by a certified translation into the Romanian or English language. The documents proving the capacity of legal representative drafted in a foreign language, other than the English language, shall be accompanied by a translation into the Romanian or English language, performed by a certified translator. SNN shall not require the legalization or apostille of documents which prove the capacity of legal representative of the shareholder.

 

The special power of attorney is valid only for the GMS for which it has been requested; the representative is required to vote in compliance with the instructions formulated by the empowering shareholder, under sanction of vote cancellation.

 

Generally a shareholder may mandate only one representative to represent him/her in GMS. However, the power-of-attorney may name one or more alternative representatives to ensure the representation in the general meeting, for the case in which the main representative named above cannot fulfill his mandate. If more alternative representatives are assigned by the power-of-attorney, there shall be set the succession in which they are to exercise their mandate.

 

The representatives of the company cannot receive power of attorney in order to represent shareholders in the OGMS/EGMS. The regulations regarding the organization and unfolding of the general meeting of shareholders shall detail the voting by representative procedure, the shareholders having the obligation to comply with such regulations, under sanction of losing their voting right by representative in the OGMS/EGMS.

 

 

The special power of attorney for participation and vote within the general meeting of shareholders, issued to a credit institution which performs custodial services, shall be valid without the presentation of additional documents related to the shareholder concerned, if the special power of attorney is prepared in compliance with art. 201 of Regulation 5/2018, signed by such shareholder and accompanied by an affidavit of the credit institution which received the representation empowerment by means of the special power of attorney, which shall state that:

 

 

  • the credit institution performs custodial services for the shareholder;

 

  • the instructions specified in the special power of attorney are identical with the instructions in the SWIFT message received by the credit institution in order to vote on behalf of the shareholder;
  • the special power of attorney is signed by the shareholder.

 

 

The special power of attorney and the custodian’s declaration mentioned above should be submitted to SNN, in original, within 48 hours before the GMS, signed, and if applicable, stamped, without fulfilling other formalities regarding the form of these documents.

 

The special powers of attorney, in Romanian and/or English, shall be sent to the Company’s Registration Office through any form of courier with acknowledgment of receipt, so that they are registered as received at the Company’s Registration Office by and not later than 17.12.2019, hours 16:00, in a closed envelope, with the note legibly written in capital letters: “FOR THE ORDINARY AND EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS DATED 19.12.2019”.

 

The special powers of attorney, in Romanian and/or English, may also be send by e-mail with the extended incorporated electronic signature, in compliance with Law No. 455/2001 on electronic signature by but not later than 17.12.2019 hours 16:00 to the e-mail address aga@nuclearelectrica.ro, with the subject: “FOR THE ORDINARY AND EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS DATED 19.12.2019”.

 

Vote by representative, based on a general power of attorney

 

 

In virtue of art. 92 par. (10) of Law no. 24/2017 on issuers of financial instruments and market operations, the shareholder’s representation in GMS may also be done by other persons than the shareholders, based on a special or general power-of-attorney. So, the shareholder may give a general power-of-attorney valid no longer than 3 years, permitting to the representative to vote all the items on which the general meetings of shareholders debate for the one or more issuers named in the power-of-attorney, individually or by a generic formulation referring to a certain category of issuers, including the disposal acts, with the condition that the power-of-attorney shall be granted by a shareholder as client to an intermediary, in compliance with the legal provisions. 

Before the first use, the general power-of-attorneys shall be reached in to the company’s headquarters, 48 hours prior to the general meeting, i.e. by 17.12.2019, hours 16:00, in copy, containing the mention of their compliance with the original and the representative’s signature. The certified copies of the powers-of-attorney are kept by SNN, this being mentioned in the minutes of the general meeting.

 

Shareholders may not be represented within the general meeting of shareholders by a person in a conflict of interest situation, such as:

 

  1. it is a majority shareholder of SNN, or of an entity controlled by such shareholder;

 

  1. is a member of an administration, management or supervisory body of the company, of a majority shareholder or of a person controlled by such shareholder;

 

  1. is an employee or an auditor of the company or of a majority shareholder or of an entity controlled, in compliance with the provisions of let a);
  2. is the spouse, relative or a relative and kin up to and including 4th degree of one of the natural persons referred to under let. a) - c).

 

The proxy cannot be substituted by another person. In case the empowered person is a legal entity, it can exercise its mandate through any person member of the administration or management of the company or its employees.

 

Document accompanying the general power-of-attorney:

 

 

  1. the proof that the proxy has either the capacity of intermediary (in compliance with the provisions of art. 2 par. (1) pt. (20) of Law no. 24/2017), or of an attorney, and that the shareholder is its client.

 

  1. for individual shareholders - copy of the shareholder’s identity document, that shall

 

permit his/her identification on the list of SNN shareholders valid on the reference day and issued by S.C. Depozitarul Central S.A. and copy of the representative’s identity document (ID or IC for the Romanian citizens, or passport for foreign citizens, with PIN (personal identity number) - if it exists in their country of origin);

 

  1. for legal entity shareholders:

 

  1. confirmation of company details, as original document or a true copy of the original document, issued by the Trade

 

Register or any other document, in original or in a true certified copy, issued by a competent authority of the state in which the shareholder is legally registered, certifying the existence of the legal entity and the name/capacity of legal representative, not older than 3 months in relation to the date of publication of the general meeting convening notice, allowing their identification in the list of SNN shareholders on the reference date, issued by SC Depozitarul Central SA;

 

  1. the capacity of a legal representative shall be ascertained based on the list of SNN shareholders valid on the reference date, received from Depozitarul Central S.A. However, if the shareholder did not inform the Central Depository in time about his legal representative, or if this information is not mentioned in the list of SNN shareholders  valid on the reference date, received from the Central Depository, than the  confirmation of company details/similar documents aforementioned must prove the shareholder’s legal representative; for the Romanian State, the capacity of legal representative of the Ministry of Energy is proven by the copy of the appointment decree issued by the President of Romania (copy of the Official Gazette is has been published in or excerpt of a legislative program).

 

  1. copy of the representative’s (assignee) identity document (ID or IC for the Romanian citizens, or passport for foreign citizens, with visible PIN (personal identity number) - if it exists in their country of origin);

 

The documents presented in a foreign language (excepting the identity documents valid on the territory of Romania, written with Latin letters) shall be accompanied by a certified translation into the Romanian or English language. The documents proving the capacity of legal representative drafted in a foreign language, other than the English language, shall be accompanied by a translation into the Romanian or English language, performed by a certified translator. SNN shall not require the legalization or apostille of documents which prove the capacity of legal representative of the shareholder.

 

SNN shall accept a general power-of-attorney for participation and voting in the GMS given by a shareholder, as client, to a defined intermediary according to art. 2 par. (1) pt. 20 of Law no. 24/2017, as further amended and supplemented, or given to an attorney, without asking for additional documents referring to that particular shareholder, if the general power of attorney complies with the provisions of art. 202 of the ASF Regulation no. 5/2018, if it is signed by such shareholder and if it is accompanied by an affidavit given by the legal representative of the intermediary or by the lawyer who received the mandate of representation by the general power of attorney, out of which it results that:

 

 

(i) the power-of-attorney is given by that respective shareholder, as client, to the intermediary or, as the case may be, to the attorney;

 

  1. the general power-of-attorney is signed by the shareholder, inclusively by attaching the extended electronic signature, of applicable.

 

 

The aforementioned declaration must be submitted to SNN in original, signed and, as the case may be, stamped, without fulfilling other formalities regarding its form. The declaration shall be submitted to SNN together with the general power-of-attorney.

 

The form of the general power of attorney shall be provided to the shareholders, by the Company, starting with 18.11.2019, hours 18:00, at the same coordinates, and in under same conditions as the informative materials.

 

 

 

Vote through correspondence

 

The Company’s Shareholders registered on the Reference Date in the shareholders register issued by Depozitarul Central S.A. have the possibility to vote through correspondence, before the OGMS/EGMS, using the Ballot Papers form, for voting through correspondence. The Ballot Papers may be obtained starting with 18.11.2019, hours 18:00, from the Company’s Registration Office and from the Company’s website (www.nuclearelectrica.ro) and shall be updated if new items are added to the OGMS/EGMS agenda.

 

Documents that accompany the ballot papers:

a) for individual shareholders - copy of the shareholder’s identity document, that shall permit his/her identification on the list of SNN shareholders valid on the reference day and issued by S.C. Depozitarul Central S.A. and, if the case may be, copy of the representative’s identity document (ID or IC for the Romanian citizens, or passport for foreign citizens, with PIN (personal identity number) - if it exists in their country of origin), together with the prove of the capacity of legal representative;

 

  1. for legal entity shareholders:

 

  1. Confirmation of company details, as original document or a true copy of the original document, issued by the Trade

 

Register or any other document, in original or in a true certified copy, issued by a competent authority of the state in which the shareholder is legally registered, certifying the existence of the legal entity and the name/capacity of legal representative, not older than 3 months in relation to the date of publication of the general meeting convening notice, allowing their identification in the list of SNN shareholders on the reference date, issued by S.C. Depozitarul Central S.A.;

 

  1. the capacity of legal representative shall be established based on the list of SNN shareholders valid at the reference date, received from Depozitarul Central S.A. However, if the shareholder did not inform the Central Depository in time about his legal representative or is this information not mentioned in the list of SNN shareholders valid at the reference date received from the Central Depository, the confirmation of company details/the aforementioned similar documents must serve as proof of the shareholder’s legal representative. For the Romanian State, the capacity of legal representative of the Ministry of Energy is proven by the copy of the appointment decree issued by the President of Romania (copy of the Official Gazette is has been published in or excerpt of a legislative program).

 

 

The documents presented in a foreign language (excepting the identity documents valid on the territory of Romania, written with Latin letters) shall be accompanied by a certified translation into the Romanian or English language. The documents proving the capacity of legal representative drafted in a foreign language, other than the English language, shall be accompanied by a translation into the Romanian or English language, performed by a certified translator. SNN shall not require the legalization or apostille of documents which prove the capacity of legal representative of the shareholder.

 

 

The ballots papers may be submitted as follows:

 

  1. Sent to the Company’s Registration Office through any form of courier with acknowledgment of receipt, so that they are registered as received at the Company’s Registration Office by 17.12.2019, hours 16:00, in a closed envelope, with the note legibly written in capital letters:  “FOR THE ORDINARY AND EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF 19.12.2019” or

 

  1. Sent by e-mail with the extended incorporated electronic signature, in compliance with Law No. 455/2001 on electronic signature by the date of 17.12.2019hours 16:00 to the e-mail address: aga@nuclearelectrica.ro, with the subject: “FOR THE ORDINARY AND EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF 19.12.2019”.

 

The ballot papers, that are not received at the Company’s Registration Office or by e-mail until the date and time mentioned above, shall not be taken into consideration to determine the quorum and majority in the OGMS/EGMS.

When filling in the special powers of attorney and Ballot Papers, please take into consideration the possibility that the EGMS agenda may be supplemented with new items, in which case the amended agenda shall be published by 05.12.2019 In this case, the updated special powers of attorney and Ballot Papers can be obtained from the Company’s Registration Office and from the Company’s website (www.nuclearelectrica.ro) starting with the date of publication of the supplemented agenda.

If the agenda shall be supplemented and the shareholders do not send the up-to-dated special powers of attorney and/or ballot papers for the vote through correspondence, the special powers of attorney and ballot papers sent prior to the date the agenda has been supplemented shall be taken into account only for the items that are also to be found on the supplemented agenda.

Checking and validating the special powers-of-attorney submitted, as well as the certification, checking, validating and record of the votes expressed through correspondence shall be done by a commission set within the Company, the members of this commission shall keep safe the documents, and confidential the votes expressed in this way. The powers-of-attorney shall be verified also by the EGMS secretary.

If the shareholder expressing his/her vote through correspondence participates personally or by a representative to the general meeting, the vote through correspondence expressed for that general meeting shall be annulled. In this case, only the vote expressed personally or by representative shall be taken into consideration.

 

If the person representing the shareholder by his/her personal presence in the general meeting is another person than the one who expressed the vote through correspondence, then, in order for his/her vote to be valid, the person shall submit in the general meeting, a written revocation of the vote expressed through correspondence, signed by the shareholder or by the representative who expressed that vote through correspondence. If the shareholder, or his/her legal representative, is present at the general meeting, this is not necessary anymore.

 

 

                   CHAIRMAN OF THE BOARD OF DIRECTORS

                              IULIAN-ROBERT TUDORACHE

 

 



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