REG - Soc EnergElectricaSA - Agreement concluded in H1 2019 acc. Romanian Law

Societatea Energetica Electrica SAAnnouncement

16/01/2019 16:35

RNS Number : 3047N
Societatea Energetica Electrica SA
16 January 2019
 


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: 16 January 2019
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 3,459,399,290
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB) and London Stock Exchange (LSE)
 
Significant events to be reported: Legal acts of the kind listed in Art. 82 of Law No. 24/2017 concluded by Societatea Energetica Electrica SA (Electrica) in Semester I 2019 - Services agreement concluded with a distribution subsidiary
 
Electrica informs its shareholders and investors about the conclusion, on 16 January 2019, of a legal act with a value greater than EUR 50,000, with Societatea de Distribuție a Energiei Electrice "Transilvania Sud" SA (SDTS), affiliate, where Electrica is the main shareholder.
Details regarding the agreement concluded by Electrica, as service supplier, with SDTS, as beneficiary, containing information about the date of execution, type of legal act, description of its scope, total value of the legal act, expiry date, mutual debts, guarantees, penalties, payment due dates and payment methods are presented in Annex 1.
The independent limited assurance report performed by a financial auditor regarding the transactions reported by Electrica according to art. 82 of Law no. 24/2017 will be made public in maximum 30 days from the end of the reporting period acccording to the provisions of art. 144 letter B para (4) of ASF Regulation no. 5/2018. 
Chief Corporate Governance and M&A Officer                  
Alexandra Borislavschi






Annex 1: Details regarding legal acts of the kind listed in Art. 82 of Law No. 24/2017 concluded by Electrica in Semester I 2019
Service Supplier: Societatea Energetică Electrica S.A.                                                                                                                             
Beneficiary: Societatea de Distribuție a Energiei Electrice "Transilvania Sud" SA
 




Company


Agreement Type and No.


Scope of the agreement


Amount (RON th.)


Date of execution/ entry into force


Expiry date


Mutual debts


Guarantees (RON th.)


Penalties


Payment due dates and payment methods




Societatea de Distribuție a Energiei Electrice "Transilvania Sud" SA


Services agreement no. 8 / 16.01.2019


Rendering services in the  AMR system
 


5,706


1 Jan 2019


31 Dec 2019


RON 1,750 th. receivable of Societatea Energetica Electrica SA from Societatea de Distribuție a Energiei Electrice "Transilvania Sud" SA


57


Beneficiary: Any non-payment of the amount owed to the supplier will be subject to a 0.03% penalty on the day of delay, from the unpaid payment to the date of payment (exclusive)


60 days from the invoice communication date




 




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