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

Societatea Energetica Electrica SAAnnouncement

03/12/2020 07:03

RNS Number : 4139H
  
Societatea Energetica Electrica SA
  
03 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:  2 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 by two distribution companies and Electrica Furnizare S.A. (EFSA), subsidiaries of Societatea Energetica Electrica S.A. (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 27 November 2020, of several transaction between Societatea de Distributie a Energiei Electrice Transilvania Nord S.A. (SDTN) and EFSA, respectively between Societatea de Distributie a Energiei Electrice Transilvania Sud S.A. (SDTS) 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 27 November 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.
 
Chief Executive Officer                                                                                  
Georgeta Corina Popescu                                                                  
 
 
        
                                                            




Annex 1: 
Details regarding the transactions concluded by SDTN and EFSA on 27 November 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 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


487/29 Aug 2007;

AA 42/17 Dec 2019; 
AA 43/31 Jan 2020 and AA 44/12 May 2020 


Re-invoicing telecommunications services


2.46


MMFTN9310163777/ 27.11.2020


1 August 2007


31 December 2020


0 


The beneficiary will pay, beside the amount due, a penalty to this amount, corresponding as a percentage of the interest due for non-payment on time of the obligations to the state budget, for each day of delay compared to the due date, until the day of payment (exclusively). 


Payment is made within 30 working days from the date of receipt of the invoice. Payment of invoices can also be made by compensation in compliance with the legislation in force.




SDTN and EFSA


Convention 17/ 28 Feb 2019 - Cluj


 
Re-invoicing utilities expenses


0.06


CJFTN9110271104/ 27.11.2020


1 March 2019


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 1193/9 Jan 2017, AD 2/406/ 4 Mar 2019; 
AA 3/21 Sept 2020 - Baia Mare


4.15


MMFTN9310163758/27.11.2020;   MMFTN9310163781/27.11.2020


1 January 2017




Transactions total amount (RON th.):


6.66






















 




















 
 
Due and not due mutual debts of EFSA to SDTN at 26.11.2020: RON 42,249.63 th.
Due and not due mutual debts of SDTN to EFSA at 26.11.2020: RON 711.64 th.
 
 
Details regarding the transaction concluded by SDTS and EFSA on 27 November 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: SDTS
Beneficiary: 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




SDTS and EFSA


C-3831/D/700/ 15 Mar 2016 and AA2/1 Aug 2016


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator - Providing other services as distribution operator


0.56


1090125286/ 
27.11.2020


15 March 2016


N/A


0


0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive).


Payment is made within 30  days from the date of receipt of the invoice




Transactions total amount (RON th.):


0.56


 



 
Due and not due mutual debts of EFSA to SDTS at 26.11.2020: RON 37,591.53 th.
Due and not due mutual debts of SDTS to EFSA at 26.11.2020: RON 932.07 th.
 

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