REG - Soc EnergElectricaSA - 2023 Dividends payment

Societatea Energetica Electrica SAAnnouncement

04/06/2024 16:00

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RNS Number : 1001R  Societatea Energetica Electrica SA  04 June 2024

To:                                      Bucharest Stock
Exchange (BSE)

London Stock Exchange (LSE)

Romanian Financial Supervisory Authority (FSA)

Current report in compliance with the Law 24/2017 on issuers of financial
instruments and market operations, FSA Regulation no. 5/2018 on issuers of
financial instruments and market operations and the Bucharest Stock Exchange
Code

Report date:     4 June 2024

Company name: Societatea Energetică Electrica S.A.

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock
Exchange (BSE), London Stock Exchange (LSE)

 

Significant events to be reported:

The payment of dividends for the financial year 2023 by Societatea Energetica
Electrica S.A.

Societatea Energetica Electrica S.A. (Electrica or the Company) informs its
shareholders that, following the resolution of the ordinary general meeting of
the shareholders dated 25 April 2024, will pay the dividends for the financial
year 2023, through Depozitarul Central S.A. and the payment agent BRD - Groupe
Société Générale S.A., starting on Payment Date, with ex‑date on 30 May
2024, to Electrica's shareholders, registered within the Shareholders'
Register, held by Depozitarul Central on the registration date of 31 May 2024
(Registration Date).

The value of the gross dividend is RON 0.1178 per share, and the tax on
dividend will be withheld by applying the appropriate legal tax rates, as the
case may be.

IMPORTANT: We specify that we are in a special situation, the reasons being
detailed in the current report dated 25 April 2024, available on:

https://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/EL-Efectul-of-the-AGM-decisions-of-April-25-2024-on-the-dividend-payment-date/B493A/
(https://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/EL-Efectul-of-the-AGM-decisions-of-April-25-2024-on-the-dividend-payment-date/B493A/)
.

 

Thus, the Payment Date cannot be clearly established at this moment, because,
taking into account the legal provisions of Law 31/1990, Electrica will not be
able to pay the dividends until the deadlines stipulated by Law 31/1990 have
been fulfilled.

Electrica has taken all steps for the immediate submission of the EGMS
Decision no. 1/25 April 2024 (regarding the cancelation of its own shares and
the reduction of the share capital) to the ORC Bucharest (Bucharest Trade
Register Office) for publication in the Official Gazette, in an attempt to
reduce the impact on the dividend payment date, established through OGMS
Decision no. 2/ 25 Apri 2024 . The EGMS decision above mentioned was published
in MOF 2268/10.05.2024.

As the company will have clarity regarding the date when the dividends can be
paid, it will inform the shareholders and investors accordingly.

Details concerning the payment methods of the dividends are presented in the
document annexed to this report (Announcement regarding the 2023 dividends
payment method), as well as on Electrica's website
https://www.electrica.ro/en/ (https://www.electrica.ro/en/) , under Investors
> Shares and Shareholders > Dividends section. The announcement
regarding the 2023 dividends payment method will also be published in the
newspaper Romania Libera.

http://www.rns-pdf.londonstockexchange.com/rns/1001R_1-2024-6-4.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1001R_1-2024-6-4.pdf)

 

Chief Financial Officer

Stefan Alexandru Frangulea

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