REG - Soc EnergElectricaSA - Transactions reported acc. to Romanian Law

Societatea Energetica Electrica SAAnnouncement

25/11/2020 07:01

RNS Number : 4442G
  
Societatea Energetica Electrica SA
  
25 November 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:  24 November 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 reported according to Art. 923 para (12) of Law No. 24/2017  
Electrica informs its shareholders and investors about the conclusion, on 23 November 2020, of several transaction between:
-     Societatea de Distributie a Energiei Electrice Transilvania Nord SA (SDTN), Societatea de Distributie a Energiei Electrice Transilvania Sud SA (SDTS), Societatea de Distributie a Energiei Electrice Muntenia Nord SA (SDMN) and Electrica Furnizare SA (EFSA), Electrica's subsidiaries;
-     EFSA and Transelectrica SA (TEL), 
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 23 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 23 November 2020 of the kind listed in Art. 923 of Law No. 24/2017
 




Parties of the transaction


Agreement Type and No., execution date


Scope of transaction


Amount of transaction (RON th.)


Invoice Number / Date


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties  


Payment due dates and payment methods


 




Services provider: SDTN
Beneficiary: EFSA


 




SDTN and EFSA MN


32476/9 Dec 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 - other services provided as a distribution operator


0.70


CJFTN9110270928 / 23.11.2020


1 January 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. 


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


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


 
Re-invoicing utilities expenses


0.18


SMFTN9410102788 / 23.11.2020


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.


 




Services provider/seller: EFSA
Beneficiary/buyer: SDTN


 




EFSA and SDTN


22/15 Feb 2018


Representation service as the Party Responsible for Balancing


2,203.55


5988 / 23.11.2020


1 January 2018


31 December 2020 with automatic renewal  


0


0


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




Transactions total amount (RON th.):


2,204.43


 


 


 


 


 


 



 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



 
 
Due and not due mutual debts of EFSA to SDTN at 20.11.2020: RON 41,658.67 th.
Due and not due mutual debts of SDTN to EFSA at 20.11.2020: RON 1,127.67 th.
 
 
 
Details regarding the transaction concluded by SDTS and EFSA on 23 November 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: EFSA
Beneficiary: SDTS




Parties of the transaction


Agreement Type and No., execution date


Scope of transactions


Amount of transaction (RON th.)


Invoice Number / Date


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties 


Payment due dates and payment methods




EFSA and SDTS


23/15 Feb 2018


Providing representation service as Balancing Responsible Party 


280.55


5935 / 23.11.2020


1 February 2018


31 January 2021


0


0


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




Transactions total amount (RON th.):


280.55


 




 
Due and not due mutual debts of EFSA to SDTS at 20.11.2020: RON 38,226 th.
Due and not due mutual debts of SDTS to EFSA at 20.11.2020: RON 1,182.86 th.
 
 
 
 
 
 
 
Details regarding the transactions concluded by EFSA with SDMN on 23 November 2020 of the kind listed in Art. 923 of Law No. 24/2017
Services provider: EFSA            
Beneficiary: SDMN




Parties of the transaction


Agreement Type and No., execution date


Scope of the transactions


Amount (RON th.)


Invoice Number / Date


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties 


Payment due dates and payment methods




EFSA and SDMN


21/15 Feb 2018


Representation service as the Party Responsible for Balancing


117.64


5987 / 23.11.2020


1 February 2018


31 January 2021


0


0


Payment is made within 3 working days from the date of receipt by email / fax




Transactions total amount (RON th.):


117.64


 


 


 


 


 


 



 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



 
Due and not due mutual debts of EFSA to SDMN at 20.11.2020: RON 92,734.11 th.
Due and not due mutual debts of SDMN to EFSA at 20.11.2020: RON 1,034.15 th.
 
Details regarding the transactions concluded by EFSA with TEL on 23 November 2020 of the kind listed in Art. 92^3 of Law No. 24/2017
 




Parties of the transaction


Agreement Type and No., execution date


Scope of the agreement


Amount (RON th.)


Invoice Number / Date


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties (RON th.)


Payment due dates and payment methods




Buyer: EFSA
Seller: TEL




TEL and EFSA


Convention No. 275 / 19 Oct 2020 


Sale and purchase of electricity between the parties, as a result of production / consumption imbalances of BRP that were offset by Transelectrica on the balancing market in accordance with the provisions of the regulations in force.


14,657.70


1719 / 23.11.2020
1751 / 23.11.2020


1 September 2020


N/A


6,911


0


Payment is made within a maximum of 5 working days from invoice's issuance date 




TEL and EFSA 


Convention no. 416 / 20 Dec 2013


Electricity transmission


23,163.24


2980 / 19.11.2020
2981 / 19.11.2020
1335 / 19.11.2020
1360 / 19.11.2020
3164 / 20.11.2020
1359 / 23.11.2020
1444 / 23.11.2020


20 December 2013


20 December 2023


22,600


0


Payment is made within a maximum of 10 working days from receipt of the invoice, to which is added 5 days of grace.




Buyer: TEL
Seller: EFSA




EFSA and TEL


Convention No. 275 / 19 Oct 2020


Sale and purchase of electricity between the parties, as a result of the production / consumption imbalances of PRE that were offset by Transelectrica on the balancing market in accordance with the provisions of the regulations in force.


4,994.13


6016 / 23.11.2020
6017 / 23.11.2020
6018 / 23.11.2020


1 September 2020


N/A


0


0


Payment is made within a maximum of 5 working days from invoice's issuance date




Transactions' total amount (RON th.):


42,815.06


 




 
Due and not due mutual receivables of EFSA to TEL at 20.11.2020: RON (95.54) th.
Due and not due mutual debts of EFSA to TEL at 20.11.2020: RON 0 th.

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