News

Dear Shareholders,

In the view of the recent media news, CEZ Electro announces that, following the public announcement made by ČEZ, a. s. on 27 January 2017, CEZ Electro was informed by its majority shareholder ČEZ, a. s. that the examination of market interest relating to ČEZ’s investments in Bulgaria (including the majority shareholding in CEZ Electro) is ongoing. The outcome of such process cannot be currently predicted. For further information available to CEZ Electro see also https://www.cez.cz/en/cez-group/media/press-releases/5835.html, the Annual Financial Statements and Report on the Activities for 2016 of CEZ Electro and the Explanatory Notes to the Notification for the Financial Status of CEZ Electro for the first quarter of 2017.

Kind regards,

Radoslav Dimitrov,

Investors Relations Director


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Dear Shareholders,

By means of the present we hereby inform you that on 21.03.2017 CEZ Electro Bulgaria AD received from the Financial Supervision Commission (FSC) a letter Outc. No. РГ-05-1562-7/ 21.03.2017, by which it is handed Decision № 448- ПД 20.03.2017 of a member of FSC performing the functions of Deputy-Chairman of the FSC, managing Investment Activity Supervision Division. By means of the said Decision, on the grounds of Art. 15, Para. 1, item 4 of the Law on the Financial Supervision Commission (LFSC), Art. 213, Para. 4 of the Law on Public Offering of Securities (LPOS), Art. 212, Para. 1, item 1 of LPOS, in conjunction with Art. 114а, Para. 1, last sentence of LPOS, in conjunction with Art. 46 of Ordinance No. 2, as well as in conjunction with Art. 59, Para. 1 and Para. 2 of the Administrative Procedural Code a compulsory administrative measure is applied, as follows: "I hereby oblige publicly traded company CEZ Electro Bulgaria AD, Sofia, to not vote at the extraordinary general meeting of the shareholder (EGMS), scheduled for 23.03.2017, respectively for 06.04.2016, under the conditions of Art. 115, Para. 12 of LPOS, items 1 - 12 of the agenda of the meeting, for the following: 1. Authorizing the Management Board of CEZ Electro Bulgaria AD to enter into, in accordance with the rules on the representation of CEZ Electro Bulgaria AD before third parties, an agreement for the provision of information and telecommunication technology services against consideration by and between CEZ Electro Bulgaria AD and CEZ Information and Communication Technologies Bulgaria EAD; 2. Authorizing the Management Board of CEZ Electro Bulgaria AD to enter into, in accordance with the rules on the representation of CEZ Electro Bulgaria AD before third parties, an agreement for the provision of customer care services against consideration by and between CEZ Electro Bulgaria AD and CEZ Bulgaria EAD; 3. Authorizing the Management Board of CEZ Electro Bulgaria AD to enter into, in accordance with the rules on the representation of CEZ Electro Bulgaria AD before third parties, an agreement for the provision of finance and accounting services against consideration by and between CEZ Electro Bulgaria AD and CEZ Bulgaria EAD; 4. Authorizing the Management Board of CEZ Electro Bulgaria AD to enter into, in accordance with the rules on the representation of CEZ Electro Bulgaria AD before third parties, an agreement for the provision of HR services against consideration by and between CEZ Electro Bulgaria AD and CEZ Bulgaria EAD; 5. Authorizing the Management Board of CEZ Electro Bulgaria AD to enter into, in accordance with the rules on the representation of CEZ Electro Bulgaria AD before third parties, an agreement for the provision of PR and communications services against consideration by and between CEZ Electro Bulgaria AD and CEZ Bulgaria EAD; 6. Authorizing the Management Board of CEZ Electro Bulgaria AD to enter into, in accordance with the rules on the representation of CEZ Electro Bulgaria AD before third parties, an agreement for the provision of legal services against consideration by and between CEZ Electro Bulgaria AD and CEZ Bulgaria EAD; 7. Authorizing the Management Board of CEZ Electro Bulgaria AD to enter into, in accordance with the rules on the representation of CEZ Electro Bulgaria AD before third parties, an agreement for the provision of facility management services against consideration by and between CEZ Electro Bulgaria AD and CEZ Bulgaria EAD; 8. Authorizing the Management Board of CEZ Electro Bulgaria AD to enter into, in accordance with the rules on the representation of CEZ Electro Bulgaria AD before third parties, an agreement for the provision of business and management consultancy services against consideration by and between CEZ Electro Bulgaria AD and CEZ Bulgaria EAD; 9. Authorizing the Management Board of CEZ Electro Bulgaria AD to enter into, in accordance with the rules on the representation of CEZ Electro Bulgaria AD before third parties, an agreement for the provision of selection of suppliers services against consideration by and between CEZ Electro Bulgaria AD and CEZ Bulgaria EAD. 10. Authorizing the Management Board of CEZ Electro Bulgaria AD to enter into, in accordance with the rules on the representation of CEZ Electro Bulgaria AD before third parties, an agreement for the provision of pool car rental services against consideration by and between CEZ Electro Bulgaria AD and CEZ Bulgaria EAD; 11. Authorizing the Management Board of CEZ Electro Bulgaria AD to enter into, in accordance with the rules on the representation of CEZ Electro Bulgaria AD before third parties, an agreement for lease of office premises against consideration by and between CEZ Electro Bulgaria AD and CEZ Distribution Bulgaria AD; 12. Authorizing the Management Board of CEZ Electro Bulgaria AD to enter into, in accordance with the rules on the representation of CEZ Electro Bulgaria AD before third parties, an agreement for the provision of pool car rental services against consideration by and between CEZ Electro Bulgaria AD and CEZ Distribution Bulgaria AD." On the grounds of Art. 214, Para. 2 of LPOS, the decision for  application of the compulsory administrative measure is subject to immediate performance, irrespective of the fact whether it has been appealed.

 

In view of the above we hereby inform you that at the general meeting to be held on 23.03.2017, respectively on 06.04.2017, under the conditions of Art. 115, Para. 12 of LPOS, there will no voting under items 1-12 of the agenda.

 

Yours sincerely,

Radoslav Dimitrov

Investor Relations Director

at CEZ Electro Bulgaria AD