Legal Proceedings Report • Apr 21, 2023
Legal Proceedings Report
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Date of current report: April 20, 2023 Name of Issuer Company: NPG Co. TRANSELECTRICA S.A., managed under two-tier system Headquarters: Bucharest 3, 2-4 Olteni Street 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 LEI Regulated market where the issued securities are transacted: Bucharest Stock Exchange
In addition to the current report disseminated on January 06, 2023, the National Power Grid "Transelectrica" SA informs the shareholders and interested persons regarding the fact that the request for arbitration ARB- 5706 of Mr. Cătălin Nițu, former member of the Directorate, revoked by Supervisory Board Decision no. 25/25.06.2021, the Vienna Arbitration Center ruled on 12.04.2023 through an Arbitration Decision according to which it admitted the claim made by the plaintiff and obliged the Company to pay the sum of 559,164 lei (main), representing noncompetition compensation, according to art. 5.2.3 and 9.1 of the Mandate Contract no. C444/23.11.2020, gross amount to which accessories and court costs are added.
The arbitral award is final and binding.
Gabriel ANDRONACHE Florin Cristian TATARU
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.
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