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

Societatea Energetica Electrica SAAnnouncement

01/09/2023 11:45

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RNS Number : 1444L  Societatea Energetica Electrica SA  01 September 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: 1 September 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 (BVB) 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/execution, in the period 3 May - 31 August 2023, of some
transactions between DEER, Electrica's subsidiary, and OPCOM, whose cumulated
value exceeds the threshold of 5% of Electrica's net assets, according to
Electrica's individual financial statements at 31 December 2022, respectively
exceeds the value of RON 199,818,824.

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.

Note: Some invoices issued between 7 February and 2 May 2023 were received,
for reasons independent of DEER, after 2 May 2023, so the transactions related
to these invoices were included in this report.

 

CFO

Stefan Frangulea

 

 

Annex: Details regarding the transactions concluded by DEER and OPCOM between
3 May - 31 August 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: OPCOM

 Beneficiary: DEER
 DEER no.124/T/10/ 6 Jan 2021                                                  Purchase of electricity - DAM                                                  75,957.26   4 Jan 2021                undetermined                                                                                 N/A          Daily payment by direct debiting of the DEER account.

 OPCOM no. 07/ 4 Jan 2021                                                                                                                                                                                         33,000

                                                                               Trading tariffs - DAM                                                          52.10       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 nr.89/09Jan2023                                                          Representation on the REMIT energy market (ACER report - details of wholesale  2.80        6 Jul 2021                undetermined  N/A                                                                            N/A          The payment of the invoice is made, by the participant in the respective

                                                                             energy contracts)                                                                                                                                                                                                              market, in full, by bank transfer, with a payment order, within a maximum of 5
 OCOM nr. 325/04Jan2023                                                                                                                                                                                                                                                                                       (five) working days from the date of receipt of the invoice.
 Convention                                                                    Purchase of electricity on MACEE                                               157,865.27  23 Dec 2022               31 Dec 2023   168,130                                                                        N/A          Daily payment by direct debiting of the DEER SA account for the month of

                                                                                                                                                                                                                                                                                                            January 2023
 DEER no.6587/19 Dec 2022

 OCOM no. 52761/13 Dec 2022

 Agreement

 DEER no.6826/29 Dec 2022

 OCOM n0. 55430/23 Dec 2022          AD1 55430/23 Dec 2022 is being
 signed
                                                                               Trading tariff on MACEE                                                        84.34       23 Dec 2022               31 Dec 2023   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
 Provider: DEER

 Beneficiary: OPCOM
 DEER no.124/T/10/ 6 Jan 2021 OPCOM no. 07/ 4 Jan 2021                         Sale of electricity - DAM)                                                     391.82      4 Jan 2021                undetermined  N/A                                                                            N/A          Daily collection by direct debiting of the DEER SA account

 

 

Total executed amount during 3 May - 31 August 2023: RON 234,353.57 th

Due and not due mutual receivables of DEER from OPCOM on 31 August 2023: RON 0
th.

Due and not due mutual debts of DEER to OPCOM on 31 August 2023: RON 62,395.42
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
(https://www.opcom.ro/uploads/doc/FPA/5SINTEZA%20rev.5%20Procedura%20fact.-%20en%20el_lb%20romana16.12.2020.pdf)
, 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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