ESTAR (EST): Announcement - raport 137

Raport bieżący nr 137/2016

Podstawa Prawna:
ENEFI Energy Efficiency Plc. (“Company”) hereby informs its Honourable Investors that the

Romanian affiliate thereof, E-Star CDR srl. has informed the Company about the following:

1. In the lawsuit No: 1150/96/2016 heard at the Harghita County Tribunal (The action of the

Town of Gheorgheni in order to oblige CDR to continue the provision of service until the

closure of the lawsuit for the compensation of damages and for 90 days afterwards - by an

urgent order of the chairman), the court decided at first instance to partially approve the action

of the Town and to oblige CDR to continue the provision of service until the final closure of

the lawsuit for the compensation of damages but not longer than 60 days starting on

13/10/2016. (T"rgu Mures Regional High Court finally rejected the appeal of Gheorgheni city

with county authority against the Town Council and E-Star CDR srl by its decision announced

on 13/10/2016.) It also rejected the request for suspension of the Town submitted against the

termination and the notices of CDR for the takeover of the service.

According to the opinion of the Company, the Town shall exercise its right to appeal within

five days and although the result of the second instance decision is unpredictable, it deems a

court decision that would oblige CDR to provide services for years unlikely, particularly

being aware of the pervious facts. The appeal shall not have a dilatory effect on execution.

Nevertheless, the Company deems it likely that the Town shall try to prolong the obligation to

take over the service by commencing further legal proceedings in the following days.

2. In the lawsuit No: 1731/96/2015 heard at the T"rgu Mures Regional High Court (default

interest claim on the concession fee) the court finally rejected the appeal of the Town.

Therefore the Town finally lost its claim for default interest calculated on the concession

amounting to RON 583,888 against CDR.

Załączniki