REG - Soc EnergElectricaSA - Transactions related parties DEER - EFSA
15/02/2022 16:45
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RNS Number : 7785B Societatea Energetica Electrica SA 15 February 2022
To: 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: 15 February 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 (BVB) 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) and Electrica Furnizare SA (EFSA), subsidiaries of
Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 11
February 2022, of one transaction between DEER and EFSA, Electrica's
subsidiaries, that has a value that, cumulated with the rest of the
transactions concluded/executed in the period 12 January - 11 February 2022
exceeds the threshold of 5% of Electrica's net assets, according to
Electrica's individual financial statements for 2020, respectively exceeds the
value of RON 202,466,778.
Details regarding the transaction concluded on 11 February 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 1.
Details regarding the rest of the transactions already concluded in the period
12 January - 11 February 2022, which, individually or cumulatively, did not
meet the requirement provided in art. 108 of Law no. 24/2017, but which
cumulated with the transaction presented in Annex 1 lead to exceeding the
threshold of 5% of Electrica's net assets, according to Electrica's individual
financial statements for 2020, are presented in Annex 2.
f. Chief Executive Officer
Stefan Frangulea
Annex 1: Details regarding the transaction concluded by DEER and EFSA on 11
February 2022 of the kind listed in Art. 108 of Law No. 24/2017
Services provider: DEER
Beneficiary: EFSA
Agreement Type and No., execution date Scope of transactions Amount of transactions (RON th.) Invoice Number / Date Date of entry into force Expiry date Guarantees (RON th.) Penalties Payment due dates and payment methods
C-19840/9 Jun 2021 Providing electricity distribution service by the distribution operator for 31,862.25 7190002481/ 11.02.2022 1 July 2021 indefinite N/A In case of non-fulfillment of payment obligations within 30 days from the due The invoice is issued in the first 10 working days of the month for the
users, end customers of the supplier, whose installations are connected to the date of the invoice, the supplier will pay, in addition to the amount due, a previous month and is sent at the latest on the working day following the
electricity network of the distribution operator penalty interest to this amount corresponding as a percentage of interest due issuance of the invoice, by e-mail. Payment is made within 10 working days
for non-payment of obligations to the state budget, calculated for each day of from the date of issuance / transmission of the invoice.
delay starting with the first day after the due date until the day of payment
(exclusively). The total value of the penalty interest may not exceed the
value of the amount due.
Transactions total amount (RON th.): 31,862.25
Due and not due mutual debts of EFSA to DEER at 10.02.2022: RON 145,733.33 th.
Due and not due mutual debts of DEER to EFSA at 10.02.2022: RON 3,062.00 th.
Annex 2:
Details regarding the transactions concluded by DEER and EFSA in the period 12
January - 11 February 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.)
Services provider: DEER-TN
Beneficiary: EFSA
C-19840/9 Jun 2021 Providing electricity distribution service by the distribution operator for 41,576.34 1 July 2021 indefinite N/A In case of non-fulfillment of payment obligations within 30 days from the due The invoice is issued in the first 10 working days of the month for the
users, end customers of the supplier, whose installations are connected to the date of the invoice, the supplier will pay, in addition to the amount due, a previous month and is sent at the latest on the working day following the
electricity network of the distribution operator penalty interest to this amount corresponding as a percentage of interest due issuance of the invoice, by e-mail. Payment is made within 10 working days
for non-payment of obligations to the state budget), calculated for each day from the date of issuance / transmission of the invoice.
of delay starting with the first day after the due date until the day of
payment (exclusively). The total value of the penalty interest may not exceed
the value of the amount due.
Providing electricity distribution service by the distribution operator for 171.04
users, end customers of the supplier, whose installations are connected to the
electricity network of the distribution operator - other services as DO
Convention 50277/22 Feb 2016; AD 53229 A/20 Oct 2020 - Bistrita Re-invoicing utilities expenses 16.25 1 January 2016 31 December 2023 N/A For delays in the payment of the invoice of more than 30 days from the due Payment is made within 10 calendar days from the date of registration of the
date, the lessor has the right to charge, and the lessee has the obligation to invoice to the tenant
pay late payment penalties 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
Convention 30728/22 Feb 2016, AD. 4/56021/7 Oct 2020 - Oradea 1.01 1 January 2016
Convention E12.2.59/8 Mar 2011 - Oradea - utilities breakdown Oradea building 9.45 1 February 2011 Non-payment of the invoice within 30 days from the due date authorizes the
-headquarters lessor to request late-payment penalties equal to the late-payment penalties
due for not paying the tax obligations to the state budget in due time,
applied to the amount due for each day of delay, starting with day following
the due date and until the date of settlement of the amount due, exclusively.
The value of the penalties may not exceed the value of the outstanding debt.
Convention 60380/22 Feb 2016, AD SM 63761A/ 16 Dec 2020 - Satu Mare 4.22 1 January 2016 For delays in the payment of the invoice of more 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 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
Convention 1193/9 Jan 2017, AD3/21 Sept 2019 - Baia Mare 10.19 1 January 2017
Convention 17/ 28 Feb 2019 - Cluj 11.59 1 March 2019
Convention 70022/5 Jan 2017, AD 71117A/1267/18 Jul 2018 - Zalau 2.95 1 January 2017
Services provider: DEER-TS
Beneficiary: EFSA
C-19840/9 Jun 2021 Providing electricity distribution service by the distribution operator for 40,644.01 1 July 2021 indefinite N/A In case of non-fulfillment of payment obligations within 30 days from the due The invoice is issued in the first working days of the month for the previous
users, end customers of the supplier, whose installations are connected to the date of the invoice, the supplier will pay, in addition to the amount due, a month and is sent at the latest on the working day following the issuance of
electricity network of the distribution operator penalty interest to this amount corresponding as a percentage of interest due the invoice, by e-mail. Payment is made within 10 working days from the date
for non-payment of obligations to the state budget), calculated for each day of issuance / transmission of the invoice.
of delay starting with the first day after the due date until the day of
payment (exclusively). The total value of the penalty interest may not exceed
the value of the amount due.
Providing electricity distribution service by the distribution operator for 281.26
users, end customers of the supplier, whose installations are connected to the
electricity network of the distribution operator - other services as DO
C-1345/I/7000/23 Jan 2019; AD2/18 Dec 2020 Re-invoicing common expenses 70.23 1 January 2019 31 December 2023 N/A In case of not fulfilling the payment obligations on the due date, the tenant Payment is made within 10 working days from the date of registration of the
has the obligation to pay, as penalties, an amount equivalent to 0.02% of the invoice by the tenant.
unpaid amount on time, for each day of delay, starting with the next day after
the due date until actual payments.
C 22/15 Feb 2018; AA4 /15 Feb 2018 Providing the representation service as Balancing Responsible Party 12,412.95 15 February 2018 indefinite N/A If due to his sole fault the Provider fails to fulfill its obligations under The invoice will be paid by the provider / purchaser within 3 financial days
the contract, the Purchaser has the right to deduct from the tariff from the date of its receipt
C 61/4 Apr 2018 established by the contract an amount equal to a percentage of 1.5% of the
tariff established according to Annex 2.
C 1466/27 Mar 2018
If the Purchaser does not fulfill any payment obligation arising under the
Contract, he has the obligation to pay as penalties an amount equivalent to a
percentage of the unpaid payment. The percentage for each day of delay is that
of the interest due for not paying on time the obligations for the state
budget.
The same penalties will be charged for any amounts due by the Purchaser based
on the contract.
Services provider: DEER-MN
Beneficiary: EFSA
C-19840/9 Jun 2021 Providing electricity distribution service by the distribution operator for 61,506.09 1 July 2021 indefinite N/A In case of non-fulfillment of payment obligations within 30 days from the due The invoice is issued in the 10 first working days of the month for the
users, end customers of the supplier, whose installations are connected to the date of the invoice, the supplier will pay, in addition to the amount due, a previous month and is sent at the latest on the working day following the
electricity network of the distribution operator penalty interest to this amount corresponding as a percentage of interest due issuance of the invoice, by e-mail. Payment is made within 10 working days
for non-payment of obligations to the state budget), calculated for each day from the date of issuance / transmission of the invoice.
of delay starting with the first day after the due date until the day of
payment (exclusively). The total value of the penalty interest may not exceed
the value of the amount due.
Providing electricity distribution service by the distribution operator for 583.60
users, end customers of the supplier, whose installations are connected to the
electricity network of the distribution operator - other services as DO
2630/01 Mar 2018 Re-invoicing common expenses 0.76 1 March 2018 indefinite N/A 0.001% of the amount not paid on time, calculated for each day of delay Payment is made within 60 calendar days from the date of registration of the
starting with the first day after the due date until the day of payment invoice by the beneficiary
(exclusive). The value of the penalties may not exceed the amount due
17831/17 Feb 2020 Re-invoicing common expenses 1.37 1 February 2020 indefinite N/A N/A N/A
26497/10 Mar 2020
R4990/31 Oct 2012, AD 18/30 Dec 2020 Re-invoicing IT services 3.29 1 November 2012 30 June 2021 N/A If the beneficiary does not pay the invoices issued by the provider within 30 Payment is made within 60 days from the date of registration of the invoice by
days from the due date, the Provider is entitled to claim penalties of 0.04% Re the beneficiary
per day of delay, calculated at the unpaid amount. The value of the calculated
penalties may not exceed the amount due
Services provider: EFSA
Beneficiary: DEER-TN
22/15 Feb 2018; AD 4/16 Dec 2019; AD 5/31 Dec 2020 Providing the representation service as Balancing Responsible Party 40,997.26 1 January 2018 31 December 2022 with automatic extension for periods of 12 months according N/A If, through his sole fault, the Provider fails to fulfill its obligations Payment is made within 3 working days from the date of receipt of the invoice
to AD 4/16 Dec 2019 under the contract, the Buyer 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 established.
Convention 72/26 Jan 2017, AD 2/1 Mar 2019, referring to rental services Re-invoicing common expenses 0.90 1 January 2017 31 December 2023 N/A For delays in the payment of the invoice for more than 30 days from the due Payment is made within 10 days from the date of registration of the invoice
contract 885/31 Dec 2015 date, the lessor has the right to charge, and the lessee has the obligation to with the tenant
pay, delay penalties of 0.03% applied on the amount due, for each calendar day
of delay, starting with the first day after the due date. The value of the
penalties may not exceed the value of the outstanding debt.
Convention 13/2 Feb 2017 referring to rental services contract 885/31 Dec 2015 Re-invoicing common expenses 0.04 1 January 2017 31 December 2023 N/A N/A Payment is made within 10 days from the date of registration of the invoice
with the tenant
Convention 21/18 Feb 2010 Re-invoicing common expenses - water/sewage 0.03 19 January 2010 indefinite N/A Failure to pay the invoice within 10 days from the due date, authorizes the The due date of the invoice is 10 days from the date of registration of the
Owner to receive late-payment penalties equal to the level of late-payment invoice at DEER - TN.
penalties charged by Compania de Apa Oradea, applied to the amount due for
each day of delay, starting with the day after the due date and until the date
of settlement of the amount due, exclusively.
Services provider: EFSA
Beneficiary: DEER-TS
876/31 Dec 2015, AD 3/18 Jan 2019 Re-invoicing utilities expenses 7.52 1 January 2016 31 December 2023 N/A In case of failure to pay the obligations on the due date, the tenant has the Payment of the invoice will be made by transfer within 10 working days from
obligation to pay, as penalties, an amount equivalent to 0.02% of the amount the date of registration of the invoice by the tenant
not paid on time, for each day of delay, starting with the day after the due
date, until on the date of actual payment.
Total executed amount during 12 January - 11 February 2022: RON 198,312.35 th.
Due and not due mutual debts of EFSA to DEER at 10.02.2022: RON 145,733.33 th.
Due and not due mutual debts of DEER to EFSA at 10.02.2022: RON 3,062.00 th.
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