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Tuesday, March 19, 2019 
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Change in the management of Cernavoda NPP Subsidiary

Release Date: 7/4/2018 6:30:10 PM

IRIS Code: E0894

Current Report in compliance with the provisions of the Law no. 24/2017 regarding issuers of financial instruments and market operations and art. 234 paragraph (1) letter g) of the CNVM Regulations no. 5/2018 regarding issuers of securities and market operations

Report date: 04.07.2018

Name of the issuing entity: Societatea Nationala NUCLEARELECTRICA S.A.

Registered office: 65, Polona street, District 1, Bucharest

Phone/fax number: 021-203.82.00 / 021 – 316.94.00

Sole Registration Code with the Trade Register Office: 10874881

Order number: J40/7403/1998

Subscribed and paid share capital: RON

Regulated market on which the issued securities are traded: Bucharest Stock Exchange



To:                  Bucharest Stock Exchange

Financial Supervisory Authority


Important event to be reported:

The termination of the contractual relations between SN Nuclearelectrica SA (“SNN”) and Mr. Marian Serban, Deputy General Manager with responsibilities of Cernavoda NPP Subsidiary Director, by mutual party agreement


Societatea Nationala Nuclearelectrica S.A. (“SNN”) informs the shareholders and investors that starting with August 1, 2018, the contractual relations between SNN and Mr. Marian Serban, Deputy General Manager with responsibilities of Cernavoda NPP Subsidiary Director will be terminated, by mutual party agreement.


As per SNN’s applicable procedures, the position of Cernavoda NPP Director is ensured on the basis of the continuity principle. In this situation, an interim management will be ensured, until the completion of the internal contest for the occupation of the position of Cernavoda NPP Subsidiary Director. The position of Cernavoda NPP Subsidiary Director will be occupied, as previously, by a nuclear energy expert, from within Cernavoda NPP, in compliance with the provisions of the National Regulatory Body (“CNCAN”) no. 14.


In compliance with the capital market applicable legislation, SNN will issue a current report after the completion of the internal contest and the selection of the Director of Cernavoda NPP Subsidiary.


SNN’s management  appreciates the professionalism, dedication, involvement and commitment of Mr. Marian Serban during his career with SNN and compliments him for the notable results achieved.


Cosmin Ghita





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