REG - Soc EnergElectricaSA - Transactions related parties DEER OPCOM

Societatea Energetica Electrica SAAnnouncement

06/06/2022 07:01

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220606:nRSF7818Na&default-theme=true

RNS Number : 7818N  Societatea Energetica Electrica SA  06 June 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: 3 June 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 31
May 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
March - 31 May 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 RON.

Details regarding the transaction concluded on 31 May 2022, together with the
rest of the transactions already concluded in the period 1 March - 31 May
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
 

Alexandru - Aurelian Chirita
 

 

 
 
 

Annex 1: Details regarding the transactions concluded by DEER and OPCOM
between 1 March - 31 May 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  215,329.20  6 January 2021            undetermined  50,000                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          23.15       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.118/A/10/ 6 Jan 2021            Trading tariffs on PCCB OTC    0.98        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 March - 31 May 2022: RON 215,353.33 th

Due and not due mutual receivables of DEER to OPCOM at 30.05.2022: RON 0 th.

Due and not due mutual debts of DEER to OPCOM at 30.05.2022: RON 0 th.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEASKKELNAEEA