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

Societatea Energetica Electrica SAAnnouncement

18/12/2020 16:25

RNS Number : 2275J
  
Societatea Energetica Electrica SA
  
18 December 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:  18 December 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 between Societatea de Distributie a Energiei Electrice Transilvania Nord S.A. (SDTN) and Electrica Furnizare S.A. (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 17 December 2020, of several transactions between SDTN and EFSA, respectively between Societatea de Distributie a Energiei Electrice Transilvania Sud S.A. (SDTS) and EFSA, Electrica's subsidiaries, transactions 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 17 December 2020, containing information about the date of execution, type of transactions, description of their scope, total value of the transactions, 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 SDTN and EFSA on 17 December 2020, of the kind listed in Art. 923 of Law No. 24/2017
Service provider/seller: SDTN
Beneficiary/buyer: EFSA



Parties of the transactions


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




SDTN and EFSA


22/15 Feb 2018 and Concession contract 61/
4 Apr 2018
 


Representation service as the Party Responsible for Balancing


3.34


AFFTN9710008389/17.12.2020     AFFTN9710008390/17.12.2020       AFFTN9710008391/17.12.2020             AFFTN9710008392/17.12.2020


27 February 2018


31 December 2020, with the possibility of extension without completing any formality, for periods of 12 months, if neither party requests the cancellation of the contract at least 30 days before the expiration of its duration


0 


Interest due for not paying the obligations to the state budget in due time, applied starting with the first day after the due date; (Percentage valid at the date of reporting: 0.02%)
If the provider fails to fulfill its obligations under the contract, the purchaser 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


Payment is made within 3 working days from the date of receipt of the invoice




Transactions total amount (RON th.):


3.34






















 




















 
 
Due and not due mutual debts of EFSA to SDTN at 16.12.2020: RON 87,169.04 th.
Due and not due mutual debts of SDTN to EFSA at 16.12.2020: RON 1,553.67 th.
 
 

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