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BIOFARM S.A. - BIO

Litigations and informing regarding the project from Gura Badicului Road

Release Date: 11/1/2018 6:13:11 PM

IRIS Code: 4B166

Biofarm output number: 1774/01.11.2018

 

CURRENT REPORT

 

According to F.S.A. Regulations no. 5/2018

Report date: 01.11.2018

 

 

Name of company: BIOFARM S.A.

Registered office: Bucharest, 99 Logofatul Tautu Street, district 3

Telephone no. 021/301.06.87

Fax no. 021/316.52.48

Website: www.biofarm.ro

Sole registration code: RO 341563

Trade Register no. J40/199/1991

Fully paid share capital: 98.537.535 lei

The market on which the company securities are traded– Bucharest Stock Exchange, symbol BIO

                  

Important events to report:

 

The Board of Directors of Biofarm S.A. informs the shareholders on the following issues:

 

1.       Announcement on the stage of realization of the project "The production hall for medicinal products for human use" project from Gura Badicului Road

 

The works necessary for the completion of the whole objective from Gura Badicului Road, no. 202-232, district 3, Bucharest, are in an advanced stage of execution from the physical progress point of view.   

 

The technical documentation to be drawn up in accordance with the applicable legislation in order to convene the acceptance of the works by the competent authorities, is estimated to be submitted in the first quarter of 2019.

 

2.   Litigations with Romvent Engineering S.A.

 

The Board of Directors informs the shareholders on the existence of the disputes below with the company Romvent Engineering S.A. – former general work contractor for the project ”Production Hall of Medicines for Human Use” from Gura Badicului Road:

 

NEXT HEARING

FILE NO.

PARTIES

THE COURT

STAGE

OJECT

COMMENTS

07-Feb-2019

 

 

30962/3/2016

 

 

Romvent Engineering - Debtor

Biofarm - Creditor

Court of Law Bucharest 

 

Merits

 

 

Insolvency proceedings

 

Biofarm S.A. is enrolled on the table of receivables of debtor with the amount of 1.167.346 lei, being unsecured creditor.

 

10-Dec-2018

 

 

 

9407/299/2017

 

 

 

Romvent Engineering – Claimant

Biofarm – Respondent

District Court 3 Bucharest

 

Merits

 

 

Disputes with professionals (payment for execution of works)

The dispute has as object claims in amount of 54,413 lei representing countervalue of works considered properly executed by the Claimant and interests and court costs.   

Solved on the merits in favor of Biofarm S.A.

 

 

 

47535/3/2017

 

 

 

 

Romvent Engineering – Claimant

Biofarm – Respondent

 

 

 

District Court 3 Bucharest

 

 

 

 

Merits

 

 

 

 

 

Action to ascertain (termination of contracts)

The dispute concerns the ascertain of the termination of some contracts concluded between the Claimant and Biofarm S.A., ordering Biofarm S.A. to pay the amount of 196.153,22 Euro (plus penalties of 0.15% per day until full payment) and the registration of mortgage tier I on the Biofarm’s facility in Bucharest, Gura Badicului Street no. 202-232.

 

 B.D. CHAIRMAN

COMSA Daniela Traiana

(Illegible signature and stamp)                                                                                                  

 

 



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