Societatea Energetica Electrica S.A. 9, Grigore Alexandrescu str.
010621 District 1, Bucharest, Romania Phone: 021-208 59 99; Fax: 021-208 59 98 Fiscal Registration Code RO 13267221 J40/7425/2000
Share capital: 3.464.435.970 RON www.electrica.ro
To: | Romanian Financial Supervisory Authority (ASF) |
Bucharest Stock Exchange (BVB) | |
London Stock Exchange (LSE) |
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code
Report date: 24 September 2020
Company name: Societatea Energetica Electrica S.A. (Electrica)
Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania
Phone/fax no.: 004-021-2085999/004-021-2085998
Fiscal Code: RO 13267221
Trade Register registration number: J40/7425/2000
Subscribed and paid in share capital: RON 3,464,435,970
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB) and
London Stock Exchange (LSE)
Significant events to be reported: Transactions with related parties according to Art. 923 para
- of Law No. 24/2017 concluded between electricity distribution companies and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 23 September 2020, of 5 transactions between electricity distribution companies and EFSA, Electrica's subsidiaries, based on agreements without fix price, that have a value that, cumulated with the rest of the transactions concluded/executed in the last 12 months, exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, respectively exceeds the value of RON 199,406,795.
Details regarding the transactions concluded on 23 September 2020 by electricity distribution companies, as services providers/beneficiaries, with EFSA, as beneficiary/service provider, containing information about the date of execution, type of transactions, description of their scope, total value of the transactions, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.
Chief Executive Officer
Georgeta Corina Popescu
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Annex 1
Details regarding the transactions concluded by SDMN with EFSA on 23 September 2020 of the kind listed in Art. 923 of Law No. 24/2017 Services provider: SDMN
Beneficiary: EFSA
Parties of the | Agreement Type and | Amount | Date of | Expiry | Guarantees | Payment due | |||||
Scope of the transactions | entry into | Penalties | dates and | ||||||||
transaction | No., execution date | (RON th.) | date | (RON th.) | |||||||
force | payment methods | ||||||||||
0.01% penalty interest as | |||||||||||
a percentage | of | the | |||||||||
interest due for non- | Payment | is made | |||||||||
21/15 Feb 2018 | payment on time of the | ||||||||||
SDMN and | Balancing Market | 453.55 | 1 February | 31 January | 0 | contractual obligations, | within 3 | working | |||
EFSA | Contract without fix price | 2018 | 2021 | calculated for each day of | days from the date of | ||||||
delay starting | with | the | receipt by email / fax | ||||||||
30th day after the due | |||||||||||
date until the day of | |||||||||||
payment | |||||||||||
Transactions total amount (RON th.): | 453.55 | ||||||||||
Due and not due mutual debts of EFSA to SDMN at 22.09.2020 (RON | 94,844.11 | ||||||||||
th.): | |||||||||||
Due and not due mutual debts of SDMN to EFSA at 22.09.2020 (RON | 1,037.43 | ||||||||||
th.): | |||||||||||
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Annex 1
Details regarding the transactions concluded by SDTN with EFSA on 23 September 2020 of the kind listed in Art. 923 of Law No. 24/2017 Services provider: SDTN
Beneficiary: EFSA
Parties of the | Agreement Type and | Scope of the | Amount | Date of entry | Guarantees | Payment due | ||||||
Expiry date | Penalties | dates and | ||||||||||
transaction | No., execution date | transactions | (RON th.) | into force | (RON th.) | |||||||
payment methods | ||||||||||||
Interest due for not paying the | ||||||||||||
31 December 2020, | obligations to the state budget | |||||||||||
in due | time, applied | starting | ||||||||||
with the possibility of | ||||||||||||
with the first day after the due | ||||||||||||
extension without | ||||||||||||
date; (Percentage | valid at the | |||||||||||
22/15 Feb 2018 and | Providing | completing any | ||||||||||
date of reporting: 0.02%) | Payment | is made | ||||||||||
representation | formality, for periods | |||||||||||
Concession contract | ||||||||||||
SDTN and | service as the | 27 February | of 12 months, if | within 3 | working | |||||||
61/4 Apr 2018 | 83.29 | 0 | ||||||||||
EFSA | Party | 2018 | neither party requests | If the provider fails to fulfill its | days from the date of | |||||||
Contract without fix | ||||||||||||
Responsible | the cancellation of the | obligations under the contract, | receipt of the invoice | |||||||||
price | ||||||||||||
for Balancing | contract at least 30 | the purchaser has the right to | ||||||||||
days before the | deduct | from | the | tariff | ||||||||
expiration of its | established by the contract, as | |||||||||||
duration | penalties, an amount equivalent | |||||||||||
to a percentage of 1.5% of the | ||||||||||||
monthly tariff | ||||||||||||
Transactions total amount (RON th.): | 83.29 | |||||||||||
Due and not due mutual debts of EFSA to SDMN at | 77,775.46 | |||||||||||
22.09.2020 (RON th.): | ||||||||||||
Due and not due mutual debts of SDMN to EFSA at | 1,094.20 | |||||||||||
22.09.2020 (RON th.): | ||||||||||||
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Details regarding the transactions concluded by EFSA with Societatea de Distributie a Energiei Electrice Muntenia Nord (SDMN), Societatea de Distributie a Energiei Electrice Transilvania Nord (SDTN) and Societatea de Distributie a Energiei Electrice Transilvania Sud (SDTS) on 23 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
Services provider: EFSA
Beneficiary: SDMN, SDTN, SDTS
Parties of the | Agreement Type and | Amount | Date of | Expiry | Guarantees | Payment due | ||
Scope of the transactions | entry into | Penalties | dates and | |||||
transaction | No., execution date | (RON th.) | date | (RON th.) | ||||
force | payment methods | |||||||
Payment is made | ||||||||
EFSA and | 21/15 Feb 2018 | Representation service as the | 1 February | 31 January | within 3 working | |||
Party Responsible for | 116.38 | 0 | 0 | days from the date | ||||
SDMN | Contract without fix price | 2018 | 2021 | |||||
Balancing | of receipt by email / | |||||||
fax | ||||||||
Payment is made | ||||||||
EFSA and | 22/15 Feb 2018 | Representation service as the | 1 January | 31 | within 3 working | |||
Party Responsible for | 338.55 | December | 0 | 0 | days from the date | |||
SDTN | Contract without fix price | 2018 | ||||||
Balancing | 2020 | of receipt of the | ||||||
invoice | ||||||||
Payment is made | ||||||||
EFSA and | 23/15 Feb 2018 | Providing representation | 1 February | 31 January | within 3 working | |||
Contracts without fix | service as Balancing | 47.44 | 0 | 0 | days from the date | |||
SDTS | 2018 | 2021 | ||||||
price | Responsible Party | of receipt of the | ||||||
invoice | ||||||||
Transactions total amount (RON th.): | 502.37 | |||||||
Due and not due mutual debts of EFSA to SDTS at 22.09.2020 (RON | 35,640.58 | |||||||
th.): | ||||||||
Due and not due mutual debts of SDTS to EFSA at 22.09.2020 (RON | 692.22 | |||||||
th.): | ||||||||
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Societatea Energetica Electrica SA published this content on 24 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2020 05:49:06 UTC