Stop parsing PDFs. Get the API. Request Access

AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

C.N.T.E.E. Transelectrica

Major Shareholding Notification • Sep 25, 2020

2299_mrq_2020-09-25_5717fb6b-4be1-4afb-96bb-c5a9a087d068.pdf

Major Shareholding Notification

Open in Viewer

Opens in native device viewer

To the: Bucharest Stock Exchange – Department of Operations Issuers Regulated Markets Financial Supervisory Authority - General Directorate Supervision – Issuers Division

Date of communique: September 25, 2020 Name of Issuer Company: CNTEE TRANSELECTRICA SA, managed under two-tier system Headquarters: Boulevard Gheorghe Magheru 33, Bucharest 1 Working location: Str. Olteni 2-4, Bucharest 3 Phone / fax numbers: 021 30 35 611 / 021 30 35 610 Single registration Code: 13328043 LEI code: 254900OLXCOUQC90M036 Number in the Trade Register: J40/8060/2000 Share capital subscribed and paid: 733.031.420 RON Regulated market where the issued securities are transacted: Bucharest Stock Exchange

Important event to report: Notice - major holdings of PAVAL HOLDING SRL and DEDEMAN SRL (over/under 5% of the share capital of TEL)

National Power Grid Company Transelectrica SA submits attached to this report, drawn up in accordance with art. 72 para. (6) of Law 24/2017 on issuers of financial instruments and market operations, the notices received from PAVAL HOLDING SRL and DEDEMAN SRL, registered within the Company under no. 38833 from September 24, 2020.

According to the notices received:

  • following the transactions concluded on September 18, 2020, DEDEMAN SRL transfers part of the voting rights to two affiliated companies. Thus, the percentage of voting rights held by DEDEMAN SRL following the transactions in question, falls below the threshold of 5%, respectively 2.058%, PAVAL HOLDING SRL holds 4.085% and PIF INDUSTRIAL SRL holds 0.341% of the voting rights;

  • following the transaction concluded on September 22, 2020, DEDEMAN SRL transfers to PAVAL HOLDING SRL 2.058% of the share capital of TEL. Thus, PAVAL HOLDING SRL acquires over 5% of the shares issued by Transelectrica, respectively 6.143% of the share capital of TEL.

Therefore, according to the attached notices, the percentage held, in concert, is 6.484% of the share capital of Transelectrica SA, namely PAVAL HOLDING SRL - 6.143% and PIF INDUSTRIAL SRL - 0.341%.

We specify that according to the Articles of association, Transelectrica's share capital is 733,031,420 lei, being divided into 73,303,142 registered, ordinary and dematerialised shares, each one's nominal value being 10 lei. According to the law, each share subscribed and paid by the shareholders ensures equal rights and gives them the right to vote in the shareholders' general assembly, the right to elect and be elected in the management bodies, the right to participate in profit distribution, as well as any other rights provided for in the Articles of association.

Catalin NITU Ionut-Bogdan GRECIA Executive Director General Directorate Chairman

Directorate Member

LANGUAGE DISCLAIMER: This document represents the English version of the original official Romanian document filed with the Financial Supervisory Authority ASF. The English version has been created for English readers' convenience. Reasonable efforts have been made to provide an accurate translation, however, discrepancies may occur. The Romanian version of this document is the original official document. Any discrepancies or differences created in the translation are not binding. If any questions arise related to the accuracy of the information contained in the English version, please refer to the Romanian version of the document which is the official version.

Standard Form to notify major holdings

Notification of
major
holdings
1.
Identity of		 issuer or of the
issuer of		 existent
support shares, which		 voting rights are attached toi
Address: Str. Olteni 2-4,
CUI: 13328043, No. ORC
Code ISINROTSELACNOR9		 CNTEE TRANSELECTRICA SA
–
Bucharest
J40/8060/ 2000		 TEL
symbol
3, Romania
2. Reasons of notification:
[x] Procurement or assignment of voting rights
[] A
purchase of		 financial instruments
[] An event changing the distribution of voting rights
[]
Others (please		 ii
specify)
3.
Details of the		 person
subject of notification		 iii:
obligation
Name:
DEDEMAN
SRL		 City and
country of
Str. Alexei Tolstoy
8,		 headquarters (if any)
Bacau, Romania
4. Full name / denomination of shareholder / shareholders
(if
different		 point 3)iv
from
5.
Date		 when the threshold was reached v
(voting percentage)
:		 18.09.2020
6.
Total
positions of		 persons
under the		 notification obligation:
%
of voting rights by
means of
financial
Total
of the two
Total number of
%
of the
voting
rights
attached to
instruments
in
percentage
%
issuer᾽s voting
shares
(total
of
7.B.1 +
(7.A
rightsvi
(total
of 7.A)
7.B.2)
+
7.B)
Resulting situation on
the date when it was
2.058%
0
2.058
73,303,567
below threshold, it
was exceeded or
reached
Position on the
previous notification
date
(if any)		 6.143% 0 6.143% 73,303,567

7. Information to be notified about the resulting situation on the date when the threshold was exceeded / was under or was reached

A: Voting rights attached to shares

Share category /
type
ISIN
code		 Number
of voting rights		 viii %
of
voting rights
Direct
Art. 69 para
(1) –
(3)
of Law
24 /2017)		 Indirect
Art. 70 of Law
24/2017)		 Direct
Art. 69 para
(1) –
(3)
of Law
24
/2017)		 Indirect
Art. 70 of Law
24/2017)
ROTSELACNOR9 1,508,511 3,245,056 2.058% 4.426%
SUBTOTAL A 4,753,567 6.484%
B1:
Financial instruments in
accordance with
article
73 para (1)
let.
(a)
of Law
24 /
2017
Type of
financial
instrument		 Expiry
dateix (due
date)		 Conversion /
exercise
periodx		 Number
ofvoting rights
which can be
procured if
the
instrument
is
exercised /
converted		 %
of the voting
rights
SUBTOTAL
B.1

B2: Financial instruments with similar economic effect in accordance with article 73 para (1) let. (b) of Law 24/2017

Type of
financial
instrument		 Expiry date
ix
(due date)		 Conversion /
periodx
exercise		 Physical or cash
settlementxi		 Number of
voting rights		 %
of the voting
rights
SUBTOTAL
B.2
  1. Information about the person subject of the notification obligation (please mark / tick the proper box)

[] The person under the notification obligation is not controlled by any natural person or legal entity and

does not control any entity (entities) that has (have) directly or indirectly an exposure in the issuer of support sharesxii

[X] Complete chain of persons controlled by means of whom voting rights and / or financial instruments are actually held, beginning with the natural person or topmost legal entity de that controls themxiii:

Name
/
Denominationxiv		 %
of the voting rights if
it is equal to or higher
than the threshold that
has to be
notified		 %
of the voting rights by
means of
financial
instruments if it is
equal
to or above the threshold
that has to be
notified		 Total
of the two if this
is equal to or
higher
than the threshold that
has to be
notified
PAVAL HOLDING SRL
Shareholders
Paval Adrian 40%
Paval Dragos 60%		 4.085% 0 4.085
%
DEDEMAN SRL
Shareholders
Paval Holding 99.99999%
Paval Adrian 0.000001%
Paval Dragos 0.000001%		 2.058% 0 2.058
%
PIF INDUSTRIAL
SRL
Shareholders
Paval Adrian 50.00%
Paval Dragos 50.00%		 0.341 % 0 0.341%

  1. In case of vote by proxy:

  2. Additional informationxv :

Executed in Bacau on 24.09.2020

Administrator, Adrian Paval

Standard Form to notify major holdings

Notification of
major
holdings
1.
Identity of		 issuer or of the
issuer of		 existent support shares, which voting rights are attached toi
Address: Str. Olteni no.
Code		 CNTEE TRANSELECTRICA SA
–
2-4 ,
Bucharest
CUI: 13328043, No. ORCJ40/8060/ 2000
ISINROTSELACNOR9		 TEL
symbol
3, Romania
2. Reasons of notification:
[x]
Procurement or assignment of		 voting rights
[]
Purchase of financial instruments
[] An event changing the distribution of voting rights
[]
Others (please specify)		 ii
3. Details of the person subject of notification obligation iii:
Name:
PAVAL HOLDING		 SRL City and country of headquarters (if any)
Str. Alexei Tolstoy
8,		 Bacau, Romania
4. Full name / denomination of shareholder / shareholders (if different from point 3)iv
5.
Date		 v
when the threshold was reached (voting percentage)
:		 22.09.2020
6. Total positions of persons under the notification obligation:
%
of voting rights by
%
of the voting
means of financial
Total
of the two
Total number of
rights attached to
instruments (total
of
in
percentage %
issuer᾽s voting
(7.A
rightsvi
shares
7.B.1 +
(total
of
7.A)
7.B.2)
+
7.B)
Resulting situation
on the date when it
6.143%
0
6.143%
73,303,567
was below
threshold, it
was
exceeded or
reached
Position on the
previous notification
date (if any)		 0% 0 0 73,303,567

7. Information to be notified about the resulting situation on the date when the threshold was exceeded / was under or was reached

A: Voting rights attached to shares

Share category / voting rightsviii
Number
of		 %
of
voting rights
type
ISIN code		 Direct
Art. 69 para
(1) –
(3)
of Law
24 /2017)		 Indirect
Art. 70 of Law
24/2017)		 Direct
Art. 69 para
(1) –
(3)
of Law 24
/2017)		 Indirect
Art. 70 of Law
24/2017)
ROTSELACNOR9 4,503,567 250,000 6.143% 0.341%
SUBTOTAL A 4,753,567 6.484%
B1:
Financial instruments in accordance with article 73 para (1) let. (a) of Law 24 /2017
Type of financial
instrument		 Expiry
dateix (due
date)		 Conversion /
exercise
periodx		 Number ofvoting
rights which can
be procured if the
instrument is
exercised /
converted		 %
of the voting
rights
SUBTOTALB.1
B2: Financial instruments
24/2017		 with similar economic effect in accordance with article 73 para (1) let. (b) of Law
Type of
financial
instrument		 ix
Expiry date
(due date)		 Conversion /
periodx
exercise		 Physical or cash
settlementxi		 Number of
voting rights		 %din drepturile
devot
SUBTOTAL
B.2
  1. Information about the person subject of the notification obligation (please mark / tick the proper box)

[] The person under the notification obligation is not controlled by any natural person or legal entity and

does not control any entity (entities) that has (have) directly or indirectly an exposure in the issuer of support sharesxii

[X] Complete chain of persons controlled by means of whom voting rights and / or financial instruments are actually held, beginning with the natural person or topmost legal entity de that controls themxiii:

Name
/		 %
of the voting rights if		 %
of the voting rights by		 Total of the two if this
Denominationxiv it is equal to or higher means of financial is equal to or higher
than the threshold that instruments if it is equal than the threshold that
has to be notified to or above the threshold has to be
notified
that has to be notified
PAVAL HOLDING SRL
Shareholders 6.143% 0 6.143
%
Paval Adrian 40%
Paval Dragos 60%
PIF INDUSTRIAL
SRL
Shareholders 0.341 % 0 0.341%
Paval Adrian 50.00%
Paval Dragos 50.00%

  1. In case of vote by proxy:

  2. Additional information xv :

Executed in Bacau on 24.09.2020

Administrator, Adrian Paval

More from C.N.T.E.E. Transelectrica

AGM Information 2025
Dec 8
AGM Information 2025
Dec 8
AGM Information 2025
Dec 8
AGM Information 2025
Dec 8
AGM Information 2025
Dec 8
Pre-Annual General Meeting Information 2025
Dec 3
Pre-Annual General Meeting Information 2025
Dec 3
Major Shareholding Notification 2025
Dec 2
Major Shareholding Notification 2025
Dec 2
Pre-Annual General Meeting Information 2025
Dec 2
View all filings →

Talk to a Data Expert

Have a question? We'll get back to you promptly.