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ELSA Societatea Energetica Electrica SA News Story

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REG - Soc EnergElectricaSA - Contract concluded in H1 2019 acc. RO Law





 




RNS Number : 0747U
Societatea Energetica Electrica SA
26 March 2019
 

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: 26 March 2019

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 3,459,399,290

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB) and London Stock Exchange (LSE)

 

Significant events to be reported: Legal acts of the kind listed in Art. 82 of Law No. 24/2017 concluded by Societatea Energetica Electrica SA (Electrica) in Semester I 2019 - Services agreement concluded with a distribution subsidiary

 

Electrica informs its shareholders and investors about the conclusion, on 26 March 2019, of a legal act with a value greater than EUR 50,000, with Societatea de Distributie a Energiei Electrice "Muntenia Nord" SA (SDMN), affiliate, where Electrica is the main shareholder.

Details regarding the agreement concluded by Electrica, as service supplier, with SDMN, as beneficiary, 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, guarantees, penalties, payment due dates and payment methods are presented in Annex 1.

The independent limited assurance report performed by a 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 acccording to the provisions of art. 144 letter B para (4) of ASF Regulation no. 5/2018. 

Chief Corporate Governance and M&A Officer                  

Alexandra Borislavschi                                                         

 

                                   


Annex 1: Details regarding legal acts of the kind listed in Art. 82 of Law No. 24/2017 concluded by Electrica in Semester I 2019

Service Supplier: Societatea Energetica Electrica S.A.                                                                                                                             

Beneficiary: Societatea de Distributie a Energiei Electrice "Muntenia Nord" SA

 

Company

Agreement Type and No.

Scope of the agreement

Amount (RON th.)

Date of execution/ entry into force

Expiry date

Mutual debts

Guarantees (RON th.)

Penalties

Payment due dates and payment methods

Societatea de Distributie a Energiei Electrice "Muntenia Nord" SA

Services agreement no. 46 / 26.03.2019

Rendering services in the  AMR system

 

5,496

1 Mar 2019

31 Aug 2019

RON 1,272 th. receivable of Societatea Energetica Electrica SA from Societatea de Distributie a Energiei Electrice "Muntenia Nord" SA

55

Beneficiary: Any non-payment of the amount owed to the supplier will be subject to a penalty of 0.005% for each day of delay after the first 30 days from the date on which that amount became due, but without exceeding the amount to which it reffers.

45 days from the invoice communication date

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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