REG - Soc EnergElectricaSA - Related parties transactions DEER - Hidroelectrica
17/02/2023 14:00
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RNS Number : 3354Q Societatea Energetica Electrica SA 17 February 2023
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: 17 February 2023
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 Hidroelectrica
Electrica informs its shareholders and investors about the
conclusion/execution, in the period 17 February 2022 - 16 February 2023 of
some transactions between DEER, Electrica's subsidiary, and Hidroelectrica,
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.
CFO
Stefan Frangulea
Annex: Details regarding the transactions concluded by DEER and Hidroelectrica
between 17 February 2022 - 16 February 2023 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: DEER
Beneficiary: Hidroelectrica
Agreement 19875/9Jun2021 Delivery of the electricity distribution service by the distribution operator 43,289.15 9 Jun 2021 undetermined 2,392.95 See Note 1 Payment is made in 10 working days from the date of receipt of the invoice
for the users, end customers of the supplier, whose installations are
(DEER - TN zone and Hidroelectrica) connected to the distribution operator's electrical network
Agreement 19875/9Jun2021 Delivery of the electricity distribution service by the distribution operator 37,077.14
for the users, end customers of the supplier, whose installations are
(DEER - TS zone and Hidroelectrica) connected to the distribution operator's electrical network
Delivery of the electricity distribution service by the distribution operator 0.36
for the users, end customers of the supplier, whose installations are
connected to the distribution operator's electrical network - interventions in
the distribution network (RED)
Agreement 19875/9Jun2021 Delivery of the electricity distribution service by the distribution operator 41,113.15
for the users, end customers of the supplier, whose installations are
(DEER - MN zone and Hidroelectrica) connected to the distribution operator's electrical network
Delivery of the electricity distribution service by the distribution operator 2.17
for the users, end customers of the supplier, whose installations are
connected to the distribution operator's electrical network - interventions in
the distribution network (RED)
Provider: Hidroelectrica
Beneficiary: DEER
DEER 2220/20Apr2022 purchase of electricity 7,254 1 May 2022 31 May 2022 N/A See Note 2 The invoice is issued in the first three working days of the month immediately
following the month of delivery and will be paid at the latest on the 10th
through direct negocioation calendar day of the month following the month of delivery, and if this is a
non-working day, the payment will be made on the immediate working day next;
the invoice is considered paid on the date of payment registration in the
seller's bank statement
4,680 1 June 2022 30 June2022 N/A
919.04 1 Jan 2022 31 Jan 2022 1,836.22
DEER 2244/27.04.2022 19,344 1 May 2022 31 May 2022 N/A
DEER 2350/04May2022 13,650 7 May 2022 31 May 2022 N/A
DEER 2614/18May2022 2,160 1 June 2022 30 June 2022 N/A
DEER 2637/19May2022 3,240 1 June 2022 30 June 2022 N/A
DEER 2786/27May2022 9,669.60 1 June 2022 30 June 2022 N/A
DEER 2905/02Jun2022 2,275.20 7 June 2022 30 June 2022 N/A
DEER 3093/10Jun2022 2,938.80 1 July 2022 31 july 2022 N/A
DEER 3326/28Jun2022 744 1 Jan 2023 31 Jan 2023 894.21
DEER 3563/12Jul2022 744 1 Jan 2023 31 Jan 2023 894.21
DEER 3925/27Jul2022 1,127.16 1 Jan 2023 31 mar 2023 2,249.96
DEER 3924/27Jul2022 1,127.16 1 ian 2023 31 mar 2023 2,249.96
DEER 5180/07Oct2022 5,452.65 8 Oct 2022 31 Oct 2022 N/A
DEER 6543/16Dec2022 1,663.20 17 Dec 2022 31 Dec 2022 N/A
DEER 6617/20Dec2022 3,456 22 Dec 2022 31 Dec 2022 N/A
Agreement 3015/22Apr2005 providing the distribution service 322.25 8 Apr 2005 31 Dec 2023 N/A See Note 3 The client will pay the invoice within 10 working days from the date of its
AD 1/2021 registration with the client
Convention 103406/23Apr2015 Common use and distribution of expenses for the following locations: 22 29 Sep 2015 N/A N/A See Note 4 15 days from issuing the invoice
- Hidroelectrica - Hidrocentrale Cluj Sub. (SH)
- SSH Hidroserv- Cluj Branch
- S Teletrans SA - Cluj Agency (TLT)
- CN Transelectrica SA - DET Cluj (DET)
- FDEE - SDEE Cluj
Reference 79158/12Apr2022 CTE Hidroelectrica approval fee related to the documentation "Development of 2.69 12 Apr 2022 N/A N/A Immediately Payment Order
documentation for the construction works of the Alimentare objective with
electrical en objective located in the Somesul Cald FN locality"
Reference 200335 /09Aug2022 CTE Hidroelectrica approval fee related to the documentation "Modernization of 2.69 9 Aug 2022 N/A N/A Immediately Payment Order
LES M.T. from Floresti Station Distribuitor GHE Gilau I"
Total executed amount during 17 February 2022 - 16 February 2023: RON
202,276.41 th
Due and not due mutual receivables of DEER from Hidroelectrica on 15 February
2023: RON 23,421.53 th.
Due and not due mutual debts of DEER to Hidroelectrica on 15 February 2023:
RON 0 th.
Note 1: 0.02% (penalty interest as a percentage of the interest due for
non-payment of obligations to the state budget on time), calculated for each
day of delay starting with the first day after the due date until the day of
payment (exclusively). There is a 30 calendar day grace period.
Note 2: Non-payment of the amounts owed by the Buyer according to the payment
deadlines additionally entails the payment of penal interest, as follows
calculated for each day of delay, starting with the day immediately following
the due date and up to the date of payment of the amount owed, including; the
level of penal interest is 0.1% for each day of delay.
Note 3: In case of non-fulfilment within 30 days from the due date of the
obligations, the client will pay, in addition to the amount due, a penalty
corresponding to this amount as a percentage of the interest due for
non-payment of the obligations on time to the state budget, for each day of
delay compared to due date, until the day of payment (exclusively).
Note 4: If the invoice is not paid within 30 days from the due date, the
penalty amount is 0.03% for each day of delay.
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