REG - Soc EnergElectricaSA - Addendum concluded with EFSA under RO Law

Societatea Energetica Electrica SAAnnouncement

15/04/2020 10:20

RNS Number : 7160J
  
Societatea Energetica Electrica SA
  
15 April 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:  15 April 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: Extension of the duration of a legal act of the kind listed in Art. 82 of Law No. 24/2017 concluded by Societatea Energetica Electrica SA (Electrica) in Semester II 2019 with Electrica Furnizare SA; addendum concluded in Semester I 2020
 
Electrica informs its shareholders and investors about the extension, on 14 April 2020, by four months (until 15 August 2020) of the duration of a legal act with a value greater than EUR 50,000 concluded in December 2019 with Electrica Furnizare, affiliate, where Electrica is the main shareholder.
Details regarding the addendum concluded by Electrica, as beneficiary, with Electrica Furnizare, as service supplier, containing information about the date of execution, type of legal act, description of its scope, total value of the legal act, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.
The independent limited assurance report performed by the financial auditor regarding the transactions reported by Electrica according to art. 82 of Law no. 24/2017 will be made public in maximum 30 days from the end of the reporting period, according to the provisions of art. 144 letter B para (4) of FSA Regulation no. 5/2018. 
 
Chief Executive Officer         
Georgeta Corina Popescu     

 





Annex 1: Details regarding the reported addendum, concluded by Electrica in Semester I 2020, and the legal act of the kind listed in Art. 82 of Law
No. 24/2017, concluded by Electrica in Semester II 2019
Service Supplier: Electrica Furnizare S.A.                                                                                                             
Beneficiary: Societatea Energetica Electrica S.A.




Company


Agreement Type and No., execution date


Scope of the agreement


Amount (RON th.)


Date of entry into force


Expiry date


Receivables/

mutual debts


Guarantees (RON th.)


Penalties


Payment due dates and payment methods




Electrica Furnizare S.A. 


Addendum no. 1 to the Products supply agreement no. 137/19.12.2019


Installation of automatically adjustable compensation batteries


12.1


19 December 2019 (date of the agreement)


15 August 2020


 
RON 30,066,451 debt of Societatea Energetica Electrica SA towards Electrica Furnizare SA.
 
 


N/A


Beneficiary: has the right to perceive and invoice as penalties a sum equivalent to 0.04% for each day of delay, calculated from the value of the unfulfilled  agreement obligations, until completing the agreement obligations, without exceeding this value. Payment due dates: 15 days from the date of issue of the penalties invoice.
Service supplier: has the right to invoice as penalties a sum equivalent to 0.04% per day, calculated from the unpaid amount, until the completion of the payment obligations, without exceeding the unpaid amount. Payment due dates - 15 days from the date of issue of the penalties invoice.


30 days from the date of receipt of the invoice




 


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