REG - Soc EnergElectricaSA - Related parties transactions DEER - Hidroelectrica
16/10/2023 16:15
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RNS Number : 2768Q Societatea Energetica Electrica SA 16 October 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: 16 October 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 SA
Electrica informs its shareholders and investors about the
conclusion/execution, in the period 17 February - 13 October 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 2023,
respectively exceeds the value of RON 198,490,436.
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 - 13 October 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 66,295.51 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
Delivery of the electricity distribution service by the distribution operator 1.32
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 53,537.98
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 1.17
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)
Tariff for issuing technical approval for connection related to request no. 0.07
7020230521148 for the objective
CHE LOTRIOARA - 110kV STATION located in SIBIU District BOITA,
No. CHE according to ANRE Order no. 114/2014 with subsequent amendments
Agreement 19875/9Jun2021 Delivery of the electricity distribution service by the distribution operator 70,094.78
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 6.86
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 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.)
Agreement no. MN7911/26Jun2023 (DEER - MN zone and Hidroelectrica) Elaboration of study solution - third parties 65 N/A N/A N/A N/A N/A
Without agreement Issuance of Notice RAC for RED 0.16 8 May 2023 23 May 2023 N/A N/A N/A
Issuance of construction location note 26 May 2023 7 Jul 2023
Elaboration of study solution - third parties 20 Sep 2023
Elaboration of study solution - third parties 20 Sep 2023
Provider: Hidroelectrica
Beneficiary: DEER
DEER 2220/20.04.2022 purchase of electricity 1,764.96 1 Jan 2023 31 Mar 2023 1,836.22 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 negociation 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
DEER 3327/28.06.2022 638.40 1 Feb 2023 28 Feb 2023 767.29
DEER 3330/28.06.2022 3,343.50 1 Mar 2023 31 Mar 2023 4,018.55
DEER 3564/12.07.2022 638.40 1 Feb 2023 28 Feb 2023 767.29
DEER 3566/12.07.2022 3,343.50 1 Mar 2023 31 Mar 2023 4,018.55
DEER 3925/27.07.2022 2,143.73 1 Jan 2023 31 Mar 2023 2,249.96
DEER 3924/27.07.2022 2,143.73 1 Jan 2023 31 Mar 2023 2,249.96
Agreement 3015/22Apr2005 providing the distribution service 197.53 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: 12.64 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
Total executed amount during 17 February - 13 October 2023: RON 204,229.23 th
Due and not due mutual receivables of DEER from Hidroelectrica on 12 October
2023: RON 28,630.06 th.
Due and not due mutual debts of DEER to Hidroelectrica on 12 October 2023: RON
27.01 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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