REG - Soc EnergElectricaSA - Transactions related parties EFSA - DEER
27/05/2022 09:00
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RNS Number : 0751N Societatea Energetica Electrica SA 27 May 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: 27 May 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 23
May 2022, of one transaction between DEER and EFSA, Electrica's subsidiaries,
that have a value that, cumulated with the rest of the transactions
concluded/executed in the period 12 April - 23 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.
Details regarding the transaction concluded on 23 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.
Details regarding the rest of the transactions already concluded in the period
12 April - 23 May 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 2021, are presented in Annex 2.
CEO
Alexandru-Aurelian Chirita
Annex 1: Details regarding the transaction concluded by DEER and EFSA on 23
May 2022 of the kind listed in Art. 108 of Law No. 24/2017
Agreement Type and No., execution date Scope of transactions Amount (RON th.) Invoice Number / Date Date of entry into force Expiry date Guarantees (RON th.) Penalties Payment due dates and payment methods
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 66,164.22 9872/23.05.2022 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.
Transactions total amount (RON th.): 66,164.22
Due and not due mutual debts of EFSA to DEER at 20.05.2022: RON 364,942.73 th.
Due and not due mutual debts of DEER to EFSA at 20.05.2022: RON 14,763.73 th.
Annex 2:
Details regarding the transactions concluded by DEER and EFSA in the period 12
April - 23 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.)
Services provider: DEER
Beneficiary: EFSA
Transaction of 10 Mar 2022, AA1 / 14 Apr 2022 IT and Communications services 1,818.99 14 April 2022 10 May 2022 N/A N/A EFSA undertakes to pay the amount of RON 1,818,991.93 within 15 days from the
date of closing this transaction
Services provider: DEER-TN
Beneficiary: EFSA
C-19840/9 Jun 2021 Providing electricity distribution service by the distribution operator for 38,346.86 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 14.62
users, end customers of the supplier, whose installations are connected to the
electricity network of the distribution operator - other services as DO
Convention 30728/22 Feb 2016, AD. 4/56021/7 Oct 2020 - Oradea Re-invoicing utilities expenses 25.28 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 E12.2.59/8 Mar 2011 - Oradea - utilities breakdown Oradea building 14.57 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 5.38 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 2.19 1 January 2017
Convention 17/ 28 Feb 2019 - Cluj 23.70 1 March 2019
Convention 70022/5 Jan 2017, AD 71117A/1267/18 Jul 2018 - Zalau 5.07 1 January 2017
Note Network intervention for direct client tax 4.99 N/A N/A N/A N/A Payment is made within 10 working days from the date of issuing of the invoice
no. CJ11179/17.05.2022
no. 111801/ 17.05.2022
no. 111806/ 17.05.2022
no. 111810/ 17.05.2022
no. 114848/ 19.05.2022
no. 115298/ 19.05.2022
Services provider: DEER-TS
Beneficiary: EFSA
C-19840/9 Jun 2021 Providing electricity distribution service by the distribution operator for 43,496.74 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 17.18
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 buildings rental services 87.90 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 75.07 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 92,366.34 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 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 33.06
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 0.39 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
C37109/ 28 Feb 2022 Re-invoicing common expenses 1.40 1 March 2022 indefinite N/A For delays in paying the invoices, the beneficiary will pay penalities of Payment is made within 60 days from the date of registration of the invoice by
0.01%/day of delay, starting with the first day after the due date until the the beneficiary
day of payment (exclusive)
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 28,974.80 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 0.99 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 0.02 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 31.55 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 April - 23 May 2022: RON 205,347.13 th.
Due and not due mutual debts of EFSA to DEER at 20.05.2022: RON 364,942.73 th.
Due and not due mutual debts of DEER to EFSA at 20.05.2022: RON 14,763.73 th.
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