REG - Soc EnergElectricaSA - Transactions related parties - SDTN and EFSA

Societatea Energetica Electrica SAAnnouncement

20/10/2020 16:00

RNS Number : 6908C
  
Societatea Energetica Electrica SA
  
20 October 2020
  
 

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:  20 October 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 by Societatea de Distributie a Energiei Electrice Transilvania Nord (SDTN) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 16-19 October 2020, of several transactions between SDTN and EFSA, Electrica's subsidiaries, 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 on 16-19 October 2020 by SDTN, as services provider, with EFSA, as beneficiary, containing information about the date of execution, type of transactions, description of its scope, total 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 transaction concluded by SDTN with EFSA on 16-19 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: SDTN 
Beneficiary: EFSA



Parties of the transaction


Agreement Type and No., execution date


Scope of the agreement


Amount (RON th.)


Details of the transactions


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties  


Payment due dates and payment methods




SDTN and EFSA


Convention 30728/22 Feb 2016, AD 3/1159/16 Jul 2020 - Oradea


Re-invoicing utilities expenses


5.44


Invoice no. BHFTN9210159467/ 19.10.2020


1 January 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 60380/22 Feb 2016, AD 6/ 60376A/404/15 feb 2019 - Satu Mare  


0.94


Invoice no. MMFTN9310162506/ 19.10.2020




SDTN and EFSA


Addendum no. 9/16.10.2020

RUC SDTN 1108A09/ 29.09.2020 to the Buildings rental agreement no. 817/30 Dec 2015 


Buildings rental services to Electrica Furnizare SA


Amount to be executed:
EUR 404.14 th


Addendum for decreasing the rented area and the value of the agreement 


1 January 2016


31 December 2023


0 


The failure of the tenant to pay the rent at due date authorizes the lessor to charge late payment interest equal to the penalties incurred by lessor in the obligations to the state budget due to non-payment of the tax amounts at due date, these being applied to the amount due for each day of delay from the day immediately 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


Payment is made within 10 days from the date of registration of the invoice to the tenant.




Transactions total amount (RON th.):


6.38


 




Transactions total amount (EUR th.):


404.14


 
















 
Due and not due mutual debts of EFSA to SDTN at 16.10.2020: RON 76,793.35 th.
Due and not due mutual debts of SDTN to EFSA at 16.10.2020: RON 1,052.46 th.

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