REG - Soc EnergElectricaSA - Conventions Internal Treasury- ELSA - subsidiaries
23/01/2024 17:30
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RNS Number : 6724A Societatea Energetica Electrica SA 23 January 2024
To: Bucharest Stock
Exchange (BSE)
London
Stock Exchange (LSE)
Romanian Financial Supervisory Authority (FSA)
Current report in compliance with the Law 24/2017 on issuers of financial
instruments and market operations, FSA Regulation no. 5/2018, and the
Bucharest Stock Exchange Code
Report date: 23 January 2024
Company name: Societatea Energetica Electrica S.A. (Electrica)
Headquarters: 9 Grigore Alexandrescu Street, 1(st) 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 (BSE) and London Stock Exchange (LSE)
Significant events to be reported: Legal acts of the kind listed in Art. 108
of Law No. 24/2017 concluded by Societatea Energetica Electrica SA (Electrica)
in Semester I 2024 with its subsidiaries - cash-pooling conventions
Electrica informs its shareholders and investors about the conclusion, on 22
January 2024, between Societatea Energetica Electrica SA (Electrica) and
Distributie Energie Electrica Romania SA (DEER), Electrica Furnizare SA (EFSA)
and Societatea Filiala de Intretinere si Servicii Energetice "Electrica Serv"
SA (SERV), affiliates, where Electrica is the main shareholder, whose
cumulated value exceeds the threshold of 5% of Electrica's net assets,
according to Electrica's individual financial statements at 30 September 2023,
respectively exceeds the value of RON 198,760,627.
Details regarding the Conventions concluded by Electrica, as Group Leader
(Cash Pool Leader), with DEER, EFSA and SERV as Participating Companies,
containing information regarding the date of execution, type of legal acts,
description of their scope, total value of the legal acts, expiry date, mutual
debts and receivables, guarantees, penalties, deadlines and payment due dates
and payment methods are presented in Annexes 1-3. These conventions are part
of the documentation related to the implementation of banking structures for
liquidity concentration ("cash-pooling"), necessary for improving the
efficiency of the treasury operations within the Group.
Chief Financial Officer
Stefan
Frangulea
Annex 1: Details regarding the legal act of the kind listed in Art. 108 of Law
No. 24/2017, concluded by Electrica in Semester I 2024
Group Leader/ Cash Pool Leader: Societatea Energetica Electrica S.A.
(Electrica)
Participating Company: Distributie Energie Electrica Romania SA (DEER)
Company Agreement Type and No., execution date Scope of the agreement Amount (RON th.) Date of entry into force Expiry date Receivables/Mutual debts Guarantees (RON th.) Penalties Payment due dates and payment methods
(beneficiary)
Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA (SDTN) Convention regarding the Internal Treasury no. 14 / 22.01.2024 Credit facility 150,000 22 Jan 2024 20 Jan 2025 0 In the event that any of the Parties does not pay the other Party any amount The applied interest rate: The bank rate is ROBOR for 1 month + 1.7% p.a.
owed by it in accordance with this Agreement when it becomes due, the amount respectively, the internal rate is ROBOR for 1 month + 0.83% p.a.
N/A owed will carry penal interest, equal to the current interest, calculated
according to Art. 5, to which the margin is added of 0.5%. bye. This penalty The interest will be paid monthly, within a maximum of 8 calendar days from
interest will be applied to any amount owed on the due date (including the the end of each month.
respective date) until the date on which the full payment is made (with the
exception of the respective date).
Societatea Energetica Electrica SA (Electrica) 50,000
Annex 2: Details regarding the legal act of the kind listed in Art. 108 of Law
No. 24/2017, concluded by Electrica in Semester I 2024
Group Leader/ Cash Pool Leader: Societatea Energetica Electrica S.A.
(Electrica)
Participating Company: Electrica Furnizare SA (EFSA)
Company Agreement Type and No., execution date Scope of the agreement Amount (RON th.) Date of entry into force Expiry date Receivables/Mutual debts Guarantees (RON th.) Penalties Payment due dates and payment methods
(beneficiary)
Electrica Furnizare SA (EFSA) Convention regarding the Internal Treasury no. 13 / 22.01.2024 Credit facility 150,000 22 Jan 2024 20 Jan 2025 0 In the event that any of the Parties does not pay the other Party any amount The applied interest rate: The bank rate is ROBOR for 1 month + 1.7% p.a.
owed by it in accordance with this Agreement when it becomes due, the amount respectively, the internal rate is ROBOR for 1 month + 0.83% p.a.
N/A owed will carry penal interest, equal to the current interest, calculated
according to Art. 5, to which the margin is added of 0.5%. bye. This penalty The interest will be paid monthly, within a maximum of 8 calendar days from
interest will be applied to any amount owed on the due date (including the the end of each month.
respective date) until the date on which the full payment is made (with the
exception of the respective date).
Societatea Energetica Electrica SA (Electrica) 50,000
Annex 5: Details regarding the legal act of the kind listed in Art. 108 of Law
No. 24/2017, concluded by Electrica in Semester I 2024
Group Leader/ Cash Pool Leader: Societatea Energetica Electrica S.A.
(Electrica)
Participating Company: Societatea Filiala de Intretinere si Servicii
Energetice Electrica Serv SA (SERV)
Company Agreement Type and No., execution date Scope of the agreement Amount (RON th.) Date of entry into force Expiry date Receivables/Mutual debts Guarantees (RON th.) Penalties Payment due dates and payment methods
(beneficiary)
Societatea Filiala de Intretinere si Servicii Energetice Electrica Serv SA Convention regarding the Internal Treasury no. 15 / 22.01.2024 Credit facility 50,000 22 Jan 2024 20 Jan 2025 0 In the event that any of the Parties does not pay the other Party any amount The applied interest rate: The bank rate is ROBOR for 1 month + 1.7% p.a.
(SERV)
owed by it in accordance with this Agreement when it becomes due, the amount respectively, the internal rate is ROBOR for 1 month + 0.83% p.a.
N/A owed will carry penal interest, equal to the current interest, calculated
according to Art. 5, to which the margin is added of 0.5%. bye. This penalty The interest will be paid monthly, within a maximum of 8 calendar days from
interest will be applied to any amount owed on the due date (including the the end of each month.
respective date) until the date on which the full payment is made (with the
exception of the respective date).
Societatea Energetica Electrica SA (Electrica) 5,000
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