REG - Soc EnergElectricaSA - Transactions related parties DEER - OPCOM

Societatea Energetica Electrica SAAnnouncement

02/03/2022 17:16

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RNS Number : 4391D  Societatea Energetica Electrica SA  02 March 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: 2 March 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), subsidiary of Societatea Energetica Electrica SA
(Electrica) and OPCOM

Electrica informs its shareholders and investors about the conclusion, on 28
February 2022, of one transaction between DEER and OPCOM, that have a value
that, cumulated with the rest of the transactions concluded/executed in the
period 1 January - 28 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 28 February 2022, together with
the rest of the transactions already concluded in the period 1 January - 28
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.

 

CEO
 

Georgeta Corina Popescu
 

 

 

 

 

 
 
 

Annex 1: Details regarding the transactions concluded by DEER and OPCOM
between 1 January - 28 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.)
 Provider: OPCOM

 Beneficiary: DEER
 DEER no.124/T/10/ 6 Jan 2021            Purchase of electricity - DAM                           224,374.92  6 January 2021            undetermined  40,000                N/A          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 DAM Participants
 OPCOM no. 07/ 4 Jan 2021                                                                                                                                                               in the first three working banking days of the month following the delivery
                                                                                                                                                                                        month. The payment is made daily by direct debiting the DEER account.

                                                                                                                                                                                        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
                                         Trading tariffs - DAM                                   38.80       N/A                                     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.
 DEER no. 82071/ 8 Oct 2015              Representation on REMIT energy market (ACER Reporting)  1.51        6 June 2021               undetermined  N/A                   N/A          The invoice is sent electronically (by email), monthly, to the contractual

                                                                                                                                                                                      party during the first 5 business days of the following month for which the
 OPCOM no. 558/ 2 Oct 2015                                                                                                                                                              services are provided.

 AA3                                                                                                                                                                                    Payment within maximum 5 business days of the receipt of the invoice.

 DEER no. 21401/ 28 Jun 2021

 OPCOM no. 30471/ 6 Jul 2021
 DEER no. 107/S/10/ 6 Jan 2021           Trading tariffs on PCCB NC                              0.34        6 January 2021            undetermined  N/A                   N/A          The invoice is sent electronically (by e-mail) within the first 3 business

                                                                                                                                                                                      days of the month following the month in which sell-buy electricity
 OPCOM no.8/4 Jan 2021                                                                                                                                                                  transactions were concluded.

                                                                                                                                                                                        Payment by bank transfer, with payment order, within maximum 5 business days
                                                                                                                                                                                        of the receipt of the invoice.
 DEER no.118/A/10/ 6 Jan 2021            Trading tariffs on PCCB OTC                             3.25        6 January 2021            undetermined  N/A                   N/A          The invoice is sent electronically (by e-mail) within the first 3 business

                                                                                                                                                                                      days of the month following the month in which sell-buy electricity
 OPCOM no. 6/ 4 Jan 2021                                                                                                                                                                transactions were concluded.

                                                                                                                                                                                        Payment by bank transfer, with payment order, within maximum 5 business days
                                                                                                                                                                                        of the receipt of the invoice.

Total executed amount during 1 January - 28 February 2022: RON 244,418.82 th

Due and not due mutual receivables of DEER to OPCOM at 27.02.2022: RON 0 th.

Due and not due mutual debts of DEER to OPCOM at 27.02.2022: RON 0 th.

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