REG - Soc EnergElectricaSA - Transactions affiliated parties - DSOs and EFSA
RNS Number : 4112ZSocietatea Energetica Electrica SA18 September 2020To: Romanian Financial Supervisory Authority (ASF)
Bucharest Stock Exchange (BVB)
London Stock Exchange (LSE)
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code
Report date: 17 September 2020
Company name: Societatea Energetica Electrica S.A. (Electrica)
Headquarters: 9 Grigore Alexandrescu Street, 1st 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. 923 para (12) of Law No. 24/2017 concluded between the electricity distribution companies and the electricity supply company, subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, in the period 15 - 17 September 2020, of several transactions between the electricity distribution companies and the electricity supply company, Electrica's subsidiaries, based on services agreements without fix price that have a value that, cumulated with the rest of the transactions concluded/executed in the last 12 months, exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, respectively exceeds the value of RON 199,406,795.
Details regarding the transactions concluded in the period 15 - 17 September 2020 between Electrica's subsidiaries, containing information about the parties of the transactions, date of execution, type of transactions, description of their scope, value of the transactions, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.
Chief Executive Officer
Georgeta Corina Popescu
Annex 1:
Details regarding the transactions concluded between Societatea de Distributie a Energiei Electrice Transilvania Nord SA (SDTN) and Electrica Furnizare SA (EFSA) on 15-16 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
Parties of the transaction
Agreement Type and No., execution date
Scope of transactions
Amount of transaction (RON th.)
Date of entry into force
Expiry date
Guarantees (RON th.)
Penalties
Payment due dates and payment methods
Services provider: SDTN
Beneficiary: EFSA
SDTN and EFSA TS
22/15 Feb 2018 and assignment contract 61/4 Apr 2018
Providing the representation service as Balancing Responsible Party
(149.42)
Additional income corrections July 2020 and Positive imbalance corrections July 2020
27 February 2018
31 December 2020 with the possibility of legal extension and without fulfilling any formality, for periods of 12 months, if neither party requests the termination of the contract at least 30 days before the expiration of its duration
0
Interest due for non-payment on time of obligations to the state budget, applied starting with the first day after the due date; (Percentage valid at the date of reporting: 0.02%)
If the provider fails to fulfill its obligations under the contract, the purchaser has the right to deduct from the tariff established by the contract, as penalties, an amount equivalent to a percentage of 1.5% of the monthly tariff
Payment is made within 3 working days from the date of receipt of the invoice
SDTN and EFSA
103 / 10 Mar 2016
Issuing invoice for other services provided as a distribution operator
1.92
1 April 2016
N/A
-
Penalty interest corresponding as a percentage of the interest due for non-payment on time of the obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusively). The total amount of penalty interest may not exceed the amount due. There are 30 days grace period (Percentage valid at the reporting date: 0.02%)
Issuing the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of receipt of the invoice.
SDTN and EFSA
Convention 50277/22 Feb 2016, AD 52630A/10 Oct 2019 - Bistrita
Issuing invoice for re-invoicing utilities expenses
8.25
22 February 2016
31 December 2023
0
For delays in the payment of the invoice longer than 30 days from the due date, the lessor has the right to charge, and the lessee has the obligation to pay, late payment penalties in amount of 0.03% applied to the amount due for each calendar day of delay, starting with the first day after due-date. The value of the penalties will not exceed the value of the outstanding debt
Payment is made within 10 days from the date of registration of the invoice to the tenant.
Convention 30728/22 Feb 2016, AD 1159/16 Jul 2020 - Oradea
Convention 60380/22 Feb 2016, AD 60376A/15 Feb 2019 - Satu Mare
Convention 1193/9 Jan 2017,
AD 406/4 Mar 2019 - Baia Mare9 January 2017
Convention 43/27 Mar 2017,
AD 1255/25 Jul 2018 - Cluj27 March 2017
Convention 70022/5 Jan 2017, AD 71117A/18 Jul 2018 - Zalau
5 January 2017
Service provider/Seller: EFSA
Beneficiary/Buyer: SDTN
EFSA and SDTN
22/15 Feb 2018
Issuing invoice for providing representation service as the Party Responsible for Balancing
34.52
1 January 2018
31 December 2020, with automatic renewal
0
0
Payment is made within 3 working days from the date of receipt of the invoice
Transactions total amount (RON th.):
-104.73
Due and not due mutual debts of EFSA to SDTN at 15.09.2020 (RON th.):
77,894.76
Due and not due mutual debts of SDTN to EFSA at 15.09.2020: RON th.
676.14
Details regarding the transactions concluded by Societatea de Distributie a Energiei Electrice Muntenia Nord SA (SDMN) with Electrica Furnizare SA (EFSA) in the period 15 - 17 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
Parties of the transaction
Agreement Type and No., execution date
Scope of transactions
Amount of transaction (RON th.)
Date of entry into force
Expiry date
Guarantees (RON th.)
Penalties
Payment due dates and payment methods
Services provider: SDMN
Beneficiary: EFSA
SDMN and EFSA MN
R4990/31 Oct 2012
Issuing invoice for IT services
115.17
1 November 2012
31 December 2020
0
0.6% calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
Payment is made within 60 days from the date of registration of the invoice by the beneficiary.
Issuing invoice for re-invoicing IT services
24.43
0.04% calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
SDMN and EFSA
21/15 Feb 2018
Issuing invoice for Balancing Market
52.97
1 February 2018
31 January 2021
0
0.01% penalty interest as a percentage of the interest due for non-payment on time of the contractual obligations, calculated for each day of delay starting with the 30th day after the due date until the day of payment
Payment is made within 3 working days from the date of receipt by email / fax
SDMN and EFSA MN
R102263 / 30 Mar 2016
Issuing invoice for other services provided as a distribution operator - interventions in the distribution network
8.52
1 April 2016
N/A
0
0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period
Payment is made within 30 days from the date of issuance of the invoice
SDMN and EFSA MN
580/108/27 sept 2007
Issuing invoice for re-invoicing telecommunications services
0.95
1 August 2007
31 December 2020
0
0.001% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive).
Payment is made within 10 working days from the date of receipt of the invoice by the beneficiary.
SDMN and EFSA MN
2630/1 Mar 2018, contract without fix price
Issuance of an invoice for re-invoicing common expenses (security services)
0.07
1 March 2018
N/A
0
0.01% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
Payment is made within 30 days from the date of the issuance of the invoice.
Service provider/Seller: EFSA
Beneficiary/Buyer: SDMN
EFSA and SDMN
21/15 Feb 2018
Contract without fix price
Representation service as the Party Responsible for Balancing
239.38
1 February 2018
31 January 2021
0
Payment is made within 3 working days from the date of receipt by email / fax
Transactions total amount (RON th.):
441.49
Due and not due mutual debts of EFSA to SDMN at 15.09.2020 (RON th.):
94,715.83
Due and not due mutual debts of SDMN to EFSA at 15.09.2020 (Ron th.)
631.33
Details regarding the transactions concluded by Societatea de Distributie a Energiei Electrice Transilvania Sud SA (SDTS) with Electrica Furnizare SA (EFSA) on 15-16 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
Parties of the transaction
Agreement Type and No., execution date
Scope of transactions
Amount of transaction (RON th.)
Date of entry into force
Expiry date
Guarantees (RON th.)
Penalties
Payment due dates and payment methods
Service provider: SDTS
Beneficiary: EFSA
SDTS and EFSA
C-3831/D/700/ 15 Mar 2016 and AA2/1 Aug 2016
Issuing invoice for other services provided as a distribution operator - interventions in the distribution network
0.85
1 august 2016
N/A
0
0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive).
Payment is made within 30 days from the date of receipt of the invoice
Service provider/Seller: EFSA
Beneficiary/Buyer: SDTS
Parties of the transaction
Agreement Type and No., execution date
Scope of transactions
Amount of transaction (RON th.)
Date of entry into force
Expiry date
Guarantees (RON th.)
Penalties
Payment due dates and payment methods
EFSA and SDTS
23/15 Feb 2018
Contracts without fix price
Providing representation service as Balancing Responsible Party
18.15
1 February 2018
31 January 2021
0
0
Payment is made within 3 working days from the date of receipt of the invoice
Transactions total amount (RON th.):
19.00
Due and not due mutual debts of EFSA to SDTS at 15.09.2020 (RON th.):
70,628.22
Due and not due mutual debts of SDTS to EFSA at 15.09.2020 (RON th.):
632.33
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