REG - Soc EnergElectricaSA - Related parties transactions - EFSA-OPCOM
02/09/2022 16:45
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RNS Number : 1679Y Societatea Energetica Electrica SA 02 September 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: 2 September 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 31
August 2022, of one transaction between EFSA, Electrica's subsidiary, and
OPCOM, that have a value that, cumulated with the rest of the transactions
concluded/executed in the period 1 August - 31 August 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
206,175,420.
Details regarding the transaction concluded on 31 August 2022, together with
the rest of the transactions already concluded in the period 1 August - 31
August 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 Annex 1.
CEO
Alexandru-Aurelian
Chirita
Annex 1: Details regarding the transactions concluded by EFSA with OPCOM in
the period 1 August- 31 August 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
Convention No. 38156/ 18 Aug 2021 Sell - purchase of electricity - DAM 349,353.72 18 August 2021 undetermined 30,000 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.
Convention No. 38156/ 18 Aug 2021 Trading tariffs - DAM 19.21 18 August 2021 undetermined N/A - The invoice is issued and sent electronically (by e-mail) in the first 3
working days of the month following the month in which the electricity sale /
purchase transactions were made.The payment of the invoice is made by the
participant in the respective market, entirely by bank transfer, with payment
order, in maximum 5 (five) working days from the date of receipt of the
invoice
Convention PCCB-NC 38105/ 17 Aug 2021 37.51 17 August 2021 undetermined N/A - The invoice related to T value of bilateral transactions (to which VAT is
added, as the case may be) is sent electronically (by e-mail) in the first 3
Convention PCCB-LE FLEX 38104/17Aug2021 Trading tariff PCCB-NC working days of the month following the month in which the transactions were
made.
Convention PC OTC 38107/ 17 Aug 2021 Trading tariff PCCB-LE FLEX
Payment by bank transfer, with payment order, in maximum 5 working days from
Convention PCV 38108/17 Aug 2021 Trading tariff and additional licenses PC PC-OTC the date of receipt of the invoice.
Convention PC ESRE CV 38106/ 17 Aug 2021 Trading tariff PCV
Trading tariff PC ESRE CV
Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021 Sell - purchase of electricity - IM 6,535.92 17 August 2021 undetermined 3,500 - OPCOM S.A. issues the invoices with the date of the last day of the delivery
month and sends them, electronically signed, by email, to the Participants in
the IM in the first three working banking days of the month following the
month of delivery.
The IM participant has the obligation to ensure the necessary funds in the
current account opened at the Settlement Bank, in order to debit the amounts
related to the value of the net payment obligations.
Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021 Trading and administrative tariffs - IM 1.28 17 August 2021 undetermined N/A - The invoice is issued and sent electronically (by e-mail) in the first 3
working days of the month following the month in which the electricity sale /
purchase transactions were made.
The payment is made by bank transfer, with payment order, in maximum 5 (five)
working days from the date of receipt of the invoice.
Convention NGM - short term 42678/2019 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
Convention NGM - long term 42679/2019 which the services are provided and it will include 1/2 of the annual value of
each tariff (to which VAT is addes as the case may be).
Payment is made in maximum 5 working days from the date of receipt of the
invoice.
Buyer: OPCOM
Seller: EFSA
Convention No. 38156/ 18 Aug 2021 Sell - purchase of electricity - DAM 12,392.13 18 August 2021 undetermined N/A - DAM participants issue 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.
Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021 Sell - purchase of electricity - IM 6,819.11 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.
Total executed amount during 1 August - 31 August 2022: RON 375,159.41 th.
Due and not due mutual receivables of EFSA to OPCOM at 30.08.2022: RON
320,123.09 th.
Due and not due mutual debts of EFSA to OPCOM at 30.08.2022: RON 1,553.83 th.
*the amounts in the table also include invoices sent late in days from a
previously reported period, as follows: invoices from 31.07.2022: 13,356.31
thousand RON (convention 38103/17.08.2021), 19.21 thousand RON (Convention
38156/18.08.2021) and invoices from 29.07.2022: 0.53 thousand RON (short-term
and long-term PGN Conventions 42678/2019 and 42679/2019)
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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