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

Societatea Energetica Electrica SAAnnouncement

11/12/2020 15:05

RNS Number : 4381I
  
Societatea Energetica Electrica SA
  
11 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:  11 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 SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 10 December 2020, of several transactions 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 10 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.
 
Chief Executive Officer                                  
Georgeta Corina Popescu                              
 
 
 
 




Annex 1: 
Details regarding the transactions concluded by SDTN with EFSA on 10 December 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.)


Invoice Number


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties  


Payment due dates and payment methods




SDTN and EFSA TN


103 / 10 Mar 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 


37,843.63


AFFTN9710008346 / 10.12.2020                                                       AFFTN9710008347 / 10.12.2020                                                       


1 April 2016


N/A


0


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 (exclusively). The total amount of penalty interest may not exceed the amount due. There are 30 days of grace period. (Percentage valid at the date of reporting: 0.02%)


The issuing of the invoice with the  amount for the contractual month ended is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of receipt of the invoice.




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 - other services provided as a distribution operator


4.59


CJFTN9110271591   BHFTN9210161460 MMFTN9310164096 BNFTN9510083414 SJFTN9610058062 / 10.12.2020                                                       




SDTN and EFSA TS


30275/30 Sept 2015
33802/1 Jul 2015
43670/17 Nov 2015
426/SM/30 Dec 2015
10019 BN/1 Oct 2015
71107/11 Aug 2015
 


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 


71.32


AFFTN9710008330 / 10.12.2020


1 October 2015
1 July 2015
1 December 2015
1 January 2016
1 October 2015
1 September 2015


N/A


0


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 (exclusively). The total amount of penalty interest may not exceed the amount due. There are 30 days of grace period. 


The issuing of the invoice with the  amount for the contractual month ended is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of receipt of the invoice.




SDTN and EFSA MN


32476/9 Dec 2015
33799/1 Jul 2015
43264/20 Oct 2015
425/SM/23 Dec 2015
10018 BN/1 Jul 2015
70866 / 1 Jul 2015
 


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


348.39


AFFTN9710008328/ 10.12.2020


1 January 2016
1 July 2015
11 November 2015
1 January 2016
1 July 2015
1 July 2015


N/A


0


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 (exclusively). The total amount of penalty interest may not exceed the amount due. There are 30 days of grace period. 


The issuing of the invoice with the  amount for the contractual month ended is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of receipt of the invoice.




Transactions total amount (RON th.):


38,267.94


 
















 
Due and not due mutual debts of EFSA to SDTN at 9.12.2020: RON 41,610.77 th. 
Due and not due mutual debts of SDTN to EFSA at 9.12.2020: RON 935.74 th.
 
 
 
 
 
 
Details regarding the transactions concluded by SDTS with EFSA on 10 December 2020 of the kind listed in Art. 923 of Law No. 24/2017
Services provider: SDTS  
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




SDTS and EFSA TS 
 


C-3831/D/700/ 15 Mar 2016 and AA8/18 Jun 2020


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


35.51


7190009695/ 10.12.2020


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). 
There are 30 days of grace period


Payment is made within 10 working days from the date of receipt of the invoice. 




Transactions total amount (RON th.):


35.51






 



 
Due and not due mutual debts of EFSA to SDTS at 9.12.2020: RON 77,608.87 th.
Due and not due mutual debts of SDTS to EFSA at 9.12.2020: RON 747.55 th.
 
 

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