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

Societatea Energetica Electrica SAAnnouncement

07/11/2022 17:00

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RNS Number : 5818F  Societatea Energetica Electrica SA  07 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: 7 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 Nuclearelectrica SA (SNN)

Electrica informs its shareholders and investors about the conclusion, on 31
October 2022, of some transactions between DEER and SNN, that have a value
that, cumulated with the rest of the transactions concluded/executed in the
period 1 November 2021 - 31 October 2022 exceed the threshold of 5% of
Electrica's net assets, according to Electrica's individual financial
statements for 30 June 2022, respectively exceeds the value of RON
199,059,726.

Details regarding the transactions concluded on 31 October 2022, together with
the rest of the transactions already concluded in the period 1 November 2021 -
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 SNN between 1
November 2021 - 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: SNN

 Beneficiary: DEER
 R388/03Feb2020                                        Purchase of electricity on                          5,939.34    1 Jan 2021                31 Dec 2021  -                     See          The Seller will send the Buyer an invoice at the latest on the first working

            day of the month immediately following the month of delivery, which will be
 AD1/21Jan2021/DEER MN/3126/25Jan2021                  PCCB-NC market                                                                                                               Note 1       paid by the Buyer according to the payment deadline written on the invoice,

                                                                                                                                                                                               respectively before the last of the following dates: (a) the seventh working
 AD2/17Dec2021                                                                                                                                                                                   day of on the date of sending the invoice or (b) the eighth working day

                                                                                                                                                                                               immediately following the month of delivery. The invoice is considered paid by
 127/14Feb2020                                                                                                                                                                                   the Buyer on the date of registration of the payment in the Seller's bank

                                                                                                                                                                                               statement.
 AD1/21Jan2021

 AD2/17Dec2021
 26979/27Oct2021                                       Purchase of electricity on PCCB-NC-flex market      27,363.47   1 Jan 2022                30 Apr 2022  -                     See          Starting with the first working day of the month following the month of

            delivery, but no later than 5 calendar days after the end of the month, the
 AD1/14Jan2022/DEER/254/21Jan2022                                                                                                                                                   Note 2       Seller will issue the Buyer an invoice for the delivered energy. The invoice

                                                                                                                                                                                               will be paid by the Buyer according to the payment deadline written on the
 AD2/08Apr2022/DEER/2175/19Apr2022                                                                                                                                                               invoice, respectively before the last of the following dates: (a) the seventh
                                                                                                                                                                                                 working day from the date of transmission of the invoice or (b) the eighth
                                                                                                                                                                                                 working day immediately following the month of delivery. The invoice is
                                                                                                                                                                                                 considered paid by the Buyer on the date of registration of the payment in the
                                                                                                                                                                                                 Seller's bank statement.
 DEER 287/26Jan2022                                    Purchase of electricity on PC-OTC market3           3,444,00    1 Feb 2022                28 Feb 2022  -                     See          Starting with the last calendar day of the contractual month of delivery, but

            no later than the tenth calendar day of the month following the deliveries,
 AD1/08Apr2022/DEER/2174                                                                                                                                                            Note 3       the Seller will issue an invoice to the Buyer which he will pay in full on or

                                                                                                                                                                                               before the twentieth calendar day or if not is a working day, then immediately
 /19Apr2022                                                                                                                                                                                      on the next working day.
 DEER 681/16Feb2022 AD1/08Apr2022/DEER/2174/19Apr2022                                                      3,566.41    1 Mar 2022                31 Mar 2022
 DEER 1777/05Apr2022                                                                                       4,251.74    1 Apr 2022                30 Apr 2022

 AD1/08Apr2022/DEER/2174/19Apr2022
 DEER 1776/05Apr2022                                                                                       4,215.74    1 Apr 2022                30 Apr 2022

 AD1/08Apr2022/DEER/2174/19Apr2022
 DEER 2525/12May2022                                   Purchase of electricity through direct negociation  60,501.00   1 Jul 2022                31 Dec 2022  90,694.72             See          Starting with the last calendar day of the contractual month of delivery, but

            no later than the tenth calendar day of the month following the deliveries,
                                                                                                                                                                                    Note 3       the Seller will issue an invoice to the Buyer which he will pay in full on or
                                                                                                                                                                                                 before the twentieth calendar day or if not is a working day, then immediately
                                                                                                                                                                                                 on the next working day.
 DEER 3209/21Jun2022                                                                                       82,108.50
 DEER 3210/21Jun2022                                                                                       27,369.50

Total executed amount during 1 November 2021 - 31 October 2022: RON 218,759.40
th

Due and not due mutual receivables of DEER to SNN at 31 Oct 2022: RON 0 th.

Due and not due mutual debts of DEER to SNN at 31 Oct 2022: RON 52,306.45 th.

 

Note 1: Non-payment of the invoice by the Buyer according to the payment
deadlines entails the payment of late penalties which are calculated for each
day of delay, starting with the day immediately following the due date and up
to the date of settlement of the amount owed, including; the level of late
penalties corresponds as a percentage to the interest due for non-payment of
obligations to the state budget on time, for each day of delay.

Note 2: In case of non-payment of the invoice when due, the Buyer will be
obliged to pay late penalties whose interest level corresponds as a percentage
to the interest due for non-payment of obligations to the state budget, for
each day of delay starting with the first day after the due date, until the
date of settlement of the amount owed, inclusive

Note 3: In the case of non-payment of the invoice when due, the Buyer will be
obliged to pay late penalties, in the amount of 0.1% of the amount due, for
each day of delay, starting with the first day after the due date, until the
date of payment of the amount due, including. The invoice issued for the
penalties due will become due in 5 (five) working days from its receipt by fax
or e-mail.

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