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TERAPLAST SA - TRP

Approval from the Commission for Protection of Competition in Serbia

Release Date: 2/15/2021 9:36:10 AM

IRIS Code: 5CCD6

CURRENT REPORT

According to Law no. 24/2017 and FSA Regulation no.5/2018

 

 

Date of the report: 15.02.2021

Name of the issuer: TERAPLAST S.A.

Registered office: Saratel village, Sieu-Magherus commune, DN 15A, KM 45+500, Bistrita-Nasaud county

Telephone/Fax: 0263/238.202; 0263/231.221

Trade Register Office Number: J06/735/1992

VAT Number: 3094980

Subscribed and paid-up capital: RON 174.320.047,80

Regulated market for shares admitted to trading: Bucharest Stock Exchange, standard category

Market symbol: TRP

 

Important events to report: 

The sale of the Steel Division received the approval of the Serbian Commision for Protection of Competition 

 

The Commission for Protection of Competition in Serbia issued, on February 12, 2021, the favorable notice for the sale to Kingspan Group of the shares held by TeraPlast in the three companies part of the TeraPlast Group’s Steel Division.

This is the second and last approval notice needed for the transaction to be closed. On January 12, the European Commission approved, in its turn, the sale of TeraSteel and Wetterbest.

These customary conditions being met, the closing shall take place on February 26 and the initial consideration shall be determined and paid.

 

About TeraPlast

Starting July 2nd, 2008, TeraPlast SA – the parent-company of the TeraPlast Group – is listed on the Bucharest Stock Exchange under the TRP symbol. TeraPlast’s shares are included in the BSE reference index, BET, and since the third quarter of 2020 in FTSE Russell’s Total Cap and MicroCap indices.

Within the Vektor evaluation based on 15 criteria for investor relations communication, conducted by ARIR, TeraPlast received the highest mark: 10.

 

_________________

ALEXANDRU STANEAN

CEO TeraPlast S.A.

 

 

For additional information you can reach us by

e-mail investor.relations@teraplast.ro or phone no. +40 741 270 439 – contact person: Alexandra Sica.



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