REG - Soc EnergElectricaSA - Related parties transactions DEER - OPCOM - RO Law

Societatea Energetica Electrica SAAnnouncement

02/11/2022 16:00

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RNS Number : 1212F  Societatea Energetica Electrica SA  02 November 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: 2 November 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 OPCOM

Electrica informs its shareholders and investors about the conclusion, on 31
October 2022, of one transaction between DEER and OPCOM, that have a value
that, cumulated with the rest of the transactions concluded/executed in the
period 1 June- 31 October 2022 exceeds the threshold of 5% of Electrica's net
assets, according to Electrica's individual financial statements for 2021,
respectively exceeds the value of RON 199,059,726.

Details regarding the transaction concluded on 31 October 2022, together with
the rest of the transactions already concluded in the period 1 June - 31
October 2022, which led to exceeding the threshold, 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 Annex.

 

CEO
 
 

Alexandru - Aurelian Chirita
 
 
 

 

 

 

 

 
 

Annex: Details regarding the transactions concluded by DEER and OPCOM between
1 June - 31 October 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: OPCOM

 Beneficiary: DEER
 DEER no.124/T/10/ 6 Jan 2021            Purchase of electricity - DAM                                                 202,585.60  4 Jan 2021                undetermined  40,000                                                                         N/A          Daily payment by direct debiting of the DEER account.

 OPCOM no. 07/ 4 Jan 2021
                                         Trading tariffs - DAM                                                         33.28       N/A                                     Payment by bank transfer, with payment order, within a maximum of 5 working
                                                                                                                                                                           days from the date of receipt of the invoice.

                                                                                                                                                                           The invoice is considered paid on the date of registration of the payment in
                                                                                                                                                                           the bank statement of OPCOM.
 DEER no.107/S/10/6Jan2021               Purchase of electricity on PCCB NC                                            0.07        4 Jan 2021                undetermined  N/A                                                                            N/A          Payment by bank transfer, with payment order, in max. 5 working days from the

                                                                                                                                                                                                                                                                     date of receipt of the invoice.
 OPCOM no.08/4Jan2021

                                                                                                                                                                                                                                                                       The invoice is considered paid on the date of registration of the payment in
                                                                                                                                                                                                                                                                       the bank statement of OPCOM.
 DEER no.4078/03Aug2022                  Agreement to participate in the electricity market for large final customers  7.70        21 Jun 2022               undetermined  N/A                                                                            N/A          By direct debiting the DEER account

 OCOM no. 27525/21Jun2022

 

 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: OPCOM
 DEER no.124/T/10/ 6 Jan 2021            Sell of electricity - DAM  19,349.07   4 Jan 2021                undetermined  40,000                N/A          Daily collection by direct debiting of the DEER account

 OPCOM no. 07/ 4 Jan 2021

Total executed amount during 1 June - 31 October 2022: RON 221,975.73 th

Due and not due mutual receivables of DEER to OPCOM at 28 Oct 2022: RON 0 th.

Due and not due mutual debts of DEER to OPCOM at 28 Oct 2022: RON 0 th.

 

Note: According to the document "SUMMARY of the procedure regarding the
invoicing and payment of the regulated tariff practiced by the electricity
market operator for the services provided to the participants in the
centralized electricity and green certificate markets", available on the OPCOM
website here, whose provisions are also taken over in EFSA's internal
procedures /DEER, invoices are issued by OPCOM, as well as by the OPCOM market
participant, respectively the ELSA branch, and sent electronically in the
first three working days of the month following the month in which the
sale/purchase transactions were carried out, and the date of the invoice must
be the last day of the month in which the transactions were made and must
reach the partner within the first 10 calendar days of the following month.
Thus, although the transactions and invoices are dated the last day of the
previous month, ELSA reporting is carried out within a maximum of 24 hours
from the date of actual receipt/transmission by electronic means of the
invoices from/to OPCOM.

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