Completion the acquisition of Foton Power Energy

Societatea Energetica Electrica SA

13 September 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, the FSA Regulation no. 5/2018 on issuers of financial instruments and market operations, and the Bucharest Stock Exchange Code

Report date: 12 September 2024

Company name: Societatea Energetica Electrica S.A. (Electrica)

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

Phone no.: 004-021-2085999

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,395,530,040

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

Significant events to be reported: Completion of the acquisition of the project company Foton Power Energy SRL

Electrica informs the shareholders and investors that, on 12 September 2024, has completed the acquisition, from Mr. Emanuel Muntmark and Mr. Catalin Mrejeru, of the project company Foton Power Energy SRL, having as main object of activity the generation of energy from photovoltaic sources.

Foton Power Energy SRL develops the photovoltaic project company "Bihor 1", with an authorized installed capacity of 77.525 MW, located near Oradea city. The project is at the "ready-to-build" phase.

The transaction in question is in line with Electrica Group strategy, which envisages the expansion in the value chain of electricity, especially in the power production from renewable energy sources.

Electrica informed the capital market on 7 December 2021 regarding the signing of the sales and purchase agreement for the acquisition of 100% of the shares in Foton Power Energy SRL project company, through the current reports published on BSE (IRIS code: 3477D) and LSE.

For more information, please contact Electrica at [e-mail].

Chief Executive Officer         

Alexandru - Aurelian Chirita

 

END