S.N.G.N. Romgaz S.A. Intention of contracting financing Exxon Project (5924N)
September 30 2021 - 8:42AM
UK Regulatory
TIDMSNGR
RNS Number : 5924N
S.N.G.N. Romgaz S.A.
30 September 2021
CURRENT REPORT
In compliance with Law no. 24/2017 regarding Issuers of
Financial Instruments and Market Operations and A.S.F. Regulation
no. 5/2018
Report date: September 30 , 2021
Company name : Societatea Nationala de Gaze Naturale ROMGAZ
S.A.
Address: Medias, 4 Constantin I. Motas Square, Sibiu County -
Romania, 551130
Phone/fax no: 004-0374-401020 / 004-0269-846901
Fiscal Code: RO14056826
LEI Code: 2549009R7KJ38D9RW354
Trade Register registration number: J32/392/2001
Subscribed and paid in share capital: 385,422,400 RON
Regulated market where the issued securities are traded:
Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)
Significant event to be reported:
-- The intention of contracting financing for the acquisition of
shares issued by ExxonMobil Exploration and Production Romania
Limited
Considering the press articles published in the media in
relation to S.N.G.N. Romgaz SA contracting a loan for financing the
transaction with ExxonMobil Exploration and Production Romania
Holdings Ltd. (
https://www.zf.ro/companii/energie/romgaz-ia-un-credit-de-350-milioane-de-euro-pentru-a-finanta-20275176
,
https://www.mediafax.ro/economic/strategia-de-extragere-a-gazelor-din-marea-neagra-romgaz-ia-un-credit-de-350-mil-euro-pentru-a-cumpara-participatia-americanilor-de-la-exxon-20275820
), we hereby state as follows :
In the context of the exclusive negotiations with ExxonMobil
Exploration and Production Romania Holdings Ltd. with respect to
the acquisition of all shares issued by (representing 100% of the
share capital of) ExxonMobil Exploration and Production Romania
Limited which holds 50% of the rights and obligations under the
Concession Agreement for petroleum exploration, development and
production in XIX Neptun Deep Block , event which was made public
in the past, S.N.G.N. Romgaz SA initiated a non-binding process for
S.N.G.N. Romgaz SA with a view to obtain offers for financing in
amount of Lei 1.6 billion or Euro equivalent for the purpose of
covering a portion of the aforementioned transaction price and
current working capital of S.N.G.N Romgaz SA.
The contracting of the financing for which S.N.G.N Romgaz SA is
in process of obtaining and assessing the offers from banks is
subject to the following:
(i) completion of the negotiations with ExxonMobil Exploration
and Production Romania Holdings Ltd. of the transaction with
respect to the acquisition of all shares issued by (representing
100% of the share capital of) ExxonMobil Exploration and Production
Romania Limited ;
(ii) approval of the transaction by S.N.G.N. Romgaz SA General
Meeting of Shareholders and the signing of the transaction
documents;
(iii) approval by S.N.G.N. Romgaz SA General Meeting of
Shareholders of the contracting of the loan agreement.
The price offered by S.N.G.N. Romgaz SA for the acquisition of
all shares issued by (representing 100% of the share capital of)
ExxonMobil Exploration and Production Romania Limited is
confidential, being subject to the completion of the negotiation of
the transaction documents, the approval of the transaction by
S.N.G.N. Romgaz SA General Meeting of Shareholders, the signing of
the transaction documents according to the legal and statutory
provisions, as well as by ExxonMobil Exploration and Production
Romania Holdings Ltd. obtaining the corporate approvals and by the
fulfillment of the contractual conditions and will be brought to
the shareholders' knowledge on the date the S.N.G.N. Romgaz SA
General Meeting of Shareholders will be convened.
Chief Executive Officer,
Aristotel Marius JUDE
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END
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