REG - Soc EnergElectricaSA - Related parties transactions - EFSA-OPCOM - RO Law
04/10/2022 11:15
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RNS Number : 7169B Societatea Energetica Electrica SA 04 October 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, and the
Bucharest Stock Exchange Code
Report date: 4 October 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 Electrica Furnizare SA (EFSA),
subsidiary of Societatea Energetica Electrica SA (Electrica), with OPCOM
Electrica informs its shareholders and investors about the conclusion, on 30
September 2022, of one transaction between EFSA, Electrica's subsidiary, and
OPCOM, whose value, cumulated with the rest of the transactions
concluded/executed in the period 31 August - 30 September 2022, 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 the transaction concluded on 30 September 2022, together
with the rest of the transactions already concluded in the period 31 August -
30 September 2022, 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.
CEO
Alexandru-Aurelian
Chirita
Annex: Details regarding the transactions concluded by EFSA with OPCOM in the
period 31 August - 30 September 2022 of the kind listed in Art. 108 of Law No.
24/2017
Agreement Type and No., execution date Scope of the agreement Amount of transactions (RON th.) Date of entry into force Expiry date Guarantees (RON th.) Penalties (RON th.) Payment due dates and payment methods
Buyer: EFSA
Seller: OPCOM
1. Convention No. 38156/ 18 Aug 2021 Sell - purchase of electricity - DAM 235,495.20 18 August 2021 undetermined 65,000 See Note 1 below OPCOM S.A. issues the invoices with the date of the last day of the delivery
month and sends them, electronically signed, by e-mail, to the DAM
Participants in the first three working banking days of the month following
the delivery month. The DAM participant has the obligation to ensure the
necessary funds in the current account opened with the Settlement Bank, in
order to debit the amounts related to the value of the net payment
obligations.
2. Convention PC OTC 38107/ 17Aug2021 Centralized Market organization and administration services with continuous 1.29 17 August 2021 undetermined N/A - DAM participants issue invoices, with dates of the last day of the delivery
double negotiation of bilateral electricity contracts month, and send them to OPCOM S.A. by email/fax, in the first three bank
working days of the month following the month of delivery and in original or
with an electronic signature, at the latest by the 10th of the month following
the month of delivery.
Payment is made by the 10th calendar day of the following month.
3. Convention PC ESRE CV 38106/ 17Aug2021 Centralized Market organization and administration services 0.02 17 August 2021 undetermined N/A -
for electricity from renewable sources supported through green certificates
4. Convention NGM - long term 42679/2019 NGM Trading tariff - REMIT tariff 0.53 26 August 2019 undetermined N/A - The invoice is sent electronically (by e-mail), monthly, to the contractual
partner, in the first 5 working days of the month following the month for
which the services are provided and it will include 1/12 of the annual value
of each tariff (to which VAT is added as the case may be). Payment is made in
maximum 5 working days from the date of receipt of the invoice.
5. Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021 Sell - purchase of electricity - IM 16,259.92 17 August 2021 undetermined 17,401 See Note 1 below OPCOM issues invoices dated the last day of the month of delivery and sends
them, electronically signed, by email to the Participants on IM in the first
Trading and administrative tariffs - IM three working banking days of the month following the month of delivery.
The IM participant has the obligation to ensure the necessary availability in
the current account opened at the Settlement Bank, in order to debit the
amounts related to the value of the net payment obligations.
The payment of the transaction and administration fee invoice - IM is made by
the participant in the respective market, in full by bank transfer, with
payment order, within a maximum of 5 working days from the date of receipt of
the invoice.
Seller: EFSA
Buyer: OPCOM
6. Convention No. 38156/ 18 Aug 2021 Sell - purchase of electricity - DAM 17,412.20 18 August 2021 undetermined N/A - DAM participants issue invoices, with dates of the last day of the delivery
month, and send them to OPCOM S.A. by email/fax, in the first three bank
working days of the month following the month of delivery and in original or
with an electronic signature, at the latest by the 10th of the month following
the month of delivery. Payment is made by the 10th calendar day of the
following month.
7. Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021 Sell - purchase of electricity - IM 9,905.20 17 August 2021 undetermined N/A - IM Participants issue the invoices, with the date of the last day of the
delivery month and send them to OPCOM S.A. by e-mail / fax, in the first three
working banking days of the month following the month of delivery and in
original or with electronic signature, at the latest by the 10(th) of the
month following the month of delivery. Payment is made by the 10th calendar
day of the following month.
Total executed amount during 31 August - 30 September 2022: RON 279,074 th.
Due and not due mutual receivables of EFSA to OPCOM at 29.09.2022: RON 212,390
th.
Due and not due mutual debts of EFSA to OPCOM at 29.09.2022: RON 2,074 th.
Note 1: Major non-fulfillment of the payment obligation entitles OPCOM to
suspend the PZU Participant's right to trade for a maximum of one month. The
suspension is lifted after the payment has been made. It constitutes a
situation of non-fulfillment of the obligations by a PZU Participant, the
situation in which the PZU participant's account does not have sufficient
availability related to the payment obligation, having as a consequence the
Bank's refusal to execute the direct debit instruction and the issuance by
OPCOM of the request of payment in execution for the amount owed
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