“Approve the extension by one year of the Loan Facility Agreement no. 201812070225 concluded between S.N.G.N. Romgaz S.A. and Banca Comercială Română S.A. for issuing guarantee instruments in the form of letters of bank guarantee and irrevocable stand-by letters of credit up to a limit of RON500,000,000,” the report reads.
SNG shares have traded up 8% so far in 2024, amid deals worth RON640 million, triggering a capitalization of RON21 billion.
Energy
Romgaz Seeks To Extend RON500M Loan Facility From Banca Comerciala Romana
The Board of Directors of natural gas producer and supplier Romgaz (stock symbol: SNG) has announced in a stock market report on Oct 24 that it has called the ordinary general meeting of shareholders for December 4 to vote on the extension of a RON500 million (EUR100 million) loan facility.