REG - Soc EnergElectricaSA - SDTN Contract concluded in H1 2020, acc. RO Law

Societatea Energetica Electrica SAAnnouncement

23/04/2020 16:25

RNS Number : 7059K
  
Societatea Energetica Electrica SA
  
23 April 2020
  
 

To:                              Bucharest Stock Exchange (BVB)
                                    London Stock Exchange (LSE)
                                    Romanian Financial Supervisory Authority (ASF)
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:  23 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: Legal acts of the kind listed in Art. 82 of Law No. 24/2017 concluded by Societatea Energetica Electrica SA (Electrica) in Semester I 2020 - Services agreement concluded with a distribution subsidiary - SDTN
 
Electrica informs its shareholders and investors about the conclusion, on 22 April 2020, of a legal act with a value greater than EUR 50,000, with Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA (SDTN), affiliate, where Electrica is the main shareholder.
Details regarding the agreement concluded by Electrica, as service supplier, with SDTN, 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 and receivables, 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 Executive Officer                      
Georgeta Corina Popescu                  
 
 
                                                







Annex 1: Details regarding legal acts of the kind listed in Art. 82 of Law No. 24/2017 concluded by Electrica in Semester I 2020
Service Supplier: Societatea Energetica Electrica S.A.                                                                                                                             
Beneficiary: Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA
 




Company (Beneficiary)


Agreement Type and No.


Scope of the agreement


Amount (RON th.)


Date of execution/ entry into force


Expiry date


Receivables/

mutual debts


Guarantees (RON th.)


Penalties


Payment due dates and payment methods




Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA


Services agreement no. 50 / 22.04.2020


Rendering services in the  AMR system
 


789.2


22 April 2020


5 June 2020


RON 376,636.4 th. receivable of Societatea Energetica Electrica SA from Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA.
 
 


7.9


Beneficiary: delays in providing the agreement services by the supplier will be subject to a penalty of 0.03% per day, calculated from the unfulfilled  agreement obligations, until completing the agreement obligations, but not later that the agreement's expiry date, without exceeding the value for which it is computed. Payment due date - 30 days from penalties' invoice communication date.
Service supplier: has the right to invoice as penalties an amount equivalent to 0.03% per day, calculated from the unpaid amount, until the completion of the payment obligations, without exceeding the value for which it is computed. Payment due dates - 30 days from penalties' invoice communication date


45 days from the invoice communication date



 


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