REG - Soc EnergElectricaSA - Related Parties Transactions - Error corr. H1 2022
28/07/2022 16:30
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RNS Number : 1472U Societatea Energetica Electrica SA 28 July 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: 28 July 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: Correction of errors identified in the
reports on transactions with related parties concluded by Electrica Group's
companies in the first semester of 2022, according to Art. 108 of Law No.
24/2017
Electrica informs its shareholders and investors about the correction of
several errors identified in the content of the reports on transactions with
related parties concluded by Electrica Group's companies in the first semester
of 2022, according to Art. 108 of Law No. 24/2017. The errors identified are
presented in Annex 1 to this report.
Chief Executive Officer
Alexandru-Aurelian Chirita
Annex: Information regarding the identified errors and their correction
Parties of the transactions Agreement Type and No., execution date Scope of transactions Current Report (date published, code) Identified error Error correction
Buyer: EFSA Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021 Sell - purchase of electricity - IM 5 January 2022, Payment due dates and payment methods: Payment due dates and payment methods:
Seller: OPCOM IRIS (BSE) code - CA99C, "IM Participants issue the invoices, with the date of the last day of the "OPCOM S.A. issues the invoices with the date of the last day of the delivery
delivery month and send them to OPCOM S.A. by e-mail / fax, in the first three month and sends them, electronically signed, by email, to the Participants in
RNS (LSE) code working banking days of the month following the month of delivery and in the IM in the first three working banking days of the month following the
original or with electronic signature, at the latest by the 10(th) of the month of delivery.
- 4818X 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."
Services provider: EFSA 22/15 Feb 2018; AD 4/16 Dec 2019; AD 5/31 Dec 2020 Providing the representation service as Balancing Responsible Party 14 January 2022, Penalties: Penalties:
Beneficiary: DEER-TN IRIS (BSE) code - 722C7, RNS (LSE) code - 4656Y "If, through his sole fault, the Provider fails to fulfill its obligations "If, through his sole fault, the Provider fails to fulfill its obligations
under the contract, the Buyer has the right to deduct from the tariff under the contract, the Buyer has the right to deduct from the tariff
established by the contract, as penalties, an amount equivalent to a established by the contract, as penalties, an amount equivalent to a
percentage of 1.5% of the monthly tariff established." percentage of 1.5% of the monthly tariff established.
If the Buyer does not fulfill, in whole or in part, any payment obligation
arising under this Contract and / or specific legal norms applicable until the
expiry of the period provided for the clause 13.3, he is obliged to pay, as
penalties, an amount equivalent to a percentage share of the payment not made.
The percentage rate for each day of delay, until the actual fulfillment of the
outstanding payment obligations is what of the interest due for the
non-payment on time of the obligations for the state budget, applied starting
with the first day following the term stipulated in paragraph 13.3, until the
day of payment (exclusive)."
Buyer: TEL Contract no. 321 / 20 Jul 2004 - TN Re-invoicing pensioners 26 January 2022, Penalties: Penalties:
Provider: EFSA Add. no. 15 / 30 Jul 2020 IRIS (BSE) code - 121FD, "If the beneficiary does not pay the value of the invoices within 30 days from "If the beneficiary does not pay the value of the invoices within 30 days from
the due date, he owes penalties in the amount of 0.05% for each day of delay, the due date, he owes penalties in the amount of 0.05% for each day of delay,
And RNS (LSE) code - 7502Z starting with the 31(st) day and until full payment of the invoice.The amount starting with the 31(st) day and until full payment of the invoice. The
of the penalties cannot exceed the value of the invoice. amount of the penalties cannot exceed the value of the invoice.
Contract no. 575 / 06 Nov 2017 - MN
and If the supplier fails to fulfil its obligations under the contract, the
Add. no. 2/ 18 Apr 2019
Beneficiary to calculate damages-interest equal to an amount equivalent to
If the payer does not pay the value of the invoices within 30 days from the 0,1% of the contract value related to the month where the failure has been
due date, he owes penalties equal to the level of interest charged for late ascertained, for each day of delay, until the actual fulfilment of the
payment of debts to the state budget, for each day of delay, starting with the obligation, but not more than this value
first day after maturity and payment in full, including the day of payment.
The amount of the penalties cannot exceed the value of the invoice." and
If the payer does not pay the value of the invoices within 30 days from the
due date, he owes penalties equal to the level of interest charged for late
payment of debts to the state budget, for each day of delay, starting with the
first day after maturity and payment in full, including the day of payment.
The amount of the penalties cannot exceed the value of the invoice.
If the provider fails to fulfil the obligation assumed by item 4.1.2. of the
contract, the Payer has the right to calculate damages-interest equal to an
amount equivalent to 0,1% of the contract value(of the settlement invoice),
related to the month where the failure has been ascertained, for each day of
delay, until the actual fulfilment of the obligation, but not more than this
value"
Services provider: EFSA 22/15 Feb 2018; AD 4/16 Dec 2019; AD 5/31 Dec 2020 Providing the representation service as Balancing Responsible Party 27 May 2022 - Penalties: Penalties:
Beneficiary: DEER-TN IRIS (BSE) code - 29AA3, "If, through his sole fault, the Provider fails to fulfill its obligations "If, through his sole fault, the Provider fails to fulfill its obligations
under the contract, the Buyer has the right to deduct from the tariff under the contract, the Buyer has the right to deduct from the tariff
RNS (LSE) code - 0751N established by the contract, as penalties, an amount equivalent to a established by the contract, as penalties, an amount equivalent to a
percentage of 1.5% of the monthly tariff established." percentage of 1.5% of the monthly tariff established.
If the Buyer does not fulfill, in whole or in part, any payment obligation
arising under this Contract and / or specific legal norms applicable until the
expiry of the period provided for the clause 13.3, he is obliged to pay, as
penalties, an amount equivalent to a percentage share of the payment not made.
The percentage rate for each day of delay, until the actual fulfillment of the
outstanding payment obligations is what of the interest due for the
non-payment on time of the obligations for the state budget, applied starting
with the first day following the term stipulated in paragraph 13.3, until the
day of payment (exclusive)."
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