REG - Soc EnergElectricaSA - Related parties transactions - DEER-Eximbank

Societatea Energetica Electrica SAAnnouncement

23/12/2022 12:45

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RNS Number : 9483K  Societatea Energetica Electrica SA  23 December 2022

To:                              Romanian
Financial Supervisory Authority (FSA)

 
Bucharest Stock Exchange (BSE)

                                    London
Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial
instruments and market operations, FSA Regulation no. 5/2018 on issuers of
financial instruments and market operations, and the Bucharest Stock Exchange
Code

Report date: 23 December 2022

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: Transactions with related parties according
to Art. 108 of Law No. 24/2017 concluded by Distributie Energie Electrica
Romania SA (DEER), subsidiary of Societatea Energetica Electrica SA
(Electrica), and Eximbank

Electrica informs its shareholders and investors about the
conclusion/execution, in the period 24 December 2021 - 23 December 2022, of
some transactions between DEER, Electrica's subsidiary, and Eximbank, whose
cumulated value exceeds the threshold of 5% of Electrica's net assets,
according to Electrica's individual financial statements at 30 June 2022,
respectively exceeds the value of RON 199,059,726.

Details regarding these transactions, containing information about the date of
execution, type of transaction, description of its scope, total value of the
transaction, expiry date, mutual debts and receivables, guarantees, penalties,
payment due dates and methods are presented in the Annex below.

 

CEO
 
 

Alexandru - Aurelian Chirita
 
 
 

 

 

 

 
 

Annex: Details regarding the transactions concluded by DEER and Eximbank
between 24 December 2021 - 23 December 2022 of the kind listed in Art. 108 of
Law No. 24/2017

 Agreement Type and No., execution date  Scope of transactions                                      Amount      Date of entry into force  Expiry date  Guarantees (RON th.)  Penalties    Payment due dates and payment methods

                                                                                                    (RON th.)
 Provider: Eximbank

 Beneficiary: DEER
 Loan contract No. 1218/  22Dec2022      Financing the current activity and the liquidity shortage  250,000     22Dec2022                 20Dec2024    See Note 1            See Note 2   The loan is granted for a period of 24 months, from the date of signing the
                                                                                                                                                                                          Contract. The Bank grants the Borrower a grace period of 6 months, from the
                                                                                                                                                                                          date of signing the Contract. During the grace period, the Borrower will not
                                                                                                                                                                                          repay credit installments. The loan will be repaid in 6 equal quarterly
                                                                                                                                                                                          installments.

Total executed amount during 24 December 2021 - 23 December 2022: RON 250,000
th

Due and not due mutual receivables of DEER from Eximbank at 23 December 2022:
RON 0 th.

Due and not due mutual debts of DEER to Eximbank at 23 December 2022: RON 0
th.

 

Note 1:

1. Guarantee issued by the Export-Import Bank of Romania EximBank in the name
and account of the Romanian State representing 80% of the amount of the Loan -
200,000 (thousand RON)

2. Mortgage on the collateral deposit representing 20% of the value of the
Loan established by the Borrower at the Bank - 50,000 (thousand RON)

3. Mortgage on current accounts in lei and foreign currency, present and
future, opened by the Borrower at the Bank

4. Fidejussion concluded with Societatea Energetica Electrica S.A., within the
limit of 130% of the amount of the Loan-325,000 (thousand RON).

 

Note 2:

For each day of delay in repayment of the Loan and until the time of full
repayment of the overdue liabilities, the Borrower will pay the Bank a penalty
interest whose level is established by adding to the Interest Rate the
percentage resulting from multiplying the Interest Rate by 50%. Penalty
interest is calculated for the amounts used from the Credit, not repaid when
due. For commissions not paid on time, the Bank will charge penalties
calculated by applying a percentage of 0.05%, per day of delay, on the amount
owed, payable in the Credit currency.

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