The percentage interest rate that applies to the above mentioned term deposit is 5.5%/year. The maturity date is February 7, 2025.
“We specify the fact that, on 07.11.2024, SNN has constituted deposits with Exim Banca Romaneasca, in the cumulated value of 856,520,000.00 lei (Appendix no. 1), the amount exceeding 5% of the value of SNN’s net assets, as well as 10 % of the net turnover related to the last annual financial statement, reason for which, in accordance with the provisions of art. 108 of Law 24/2017 with subsequent amendments and completions and with the provisions of art. 234 letter i) of the ASF Regulation no. 5/2018, SNN has the obligation to report including the cumulative value of these transactions,” the report reads.
Nuclearelectrica has a market value of RON13.1 billion. Its shares have traded down 11% so far in 2024. The Romanian State owns 82.5% of the company’s shares.