REG - Soc EnergElectricaSA - SDTS Addendum concluded in H1 2020, acc. RO Law

Societatea Energetica Electrica SAAnnouncement

31/01/2020 13:50

RNS Number : 6196B
Societatea Energetica Electrica SA
31 January 2020
 


To:                              Bucharest Stock Exchange (BSE)
                                    London Stock Exchange (LSE)
                                    Romanian Financial Supervisory Authority (FSA)
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, FSA Regulation no. 5/2018, and the Bucharest Stock Exchange Code
Report date: 31 January 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 (BSE) 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 I 2020 with SDTS
 
Electrica informs its shareholders and investors about the extension by one month (until 31 January 2020) of the duration of a legal act with a value greater than EUR 50,000 concluded in January 2020 with Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA (SDTS), affiliate, where Electrica is the main shareholder.
All details presented in the Current report dated 16 January 2019, excepting the expiry date (modified from 31 December 2019 to 31 January 2020), regarding the agreement concluded by Electrica, as service supplier, with SDTS, as beneficiary, remain unchanged. These, together with the mutual debts, are presented in the 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. 
 
CEO                                                                                        Chief Strategy Officer           
Georgeta Corina Popescu                                                      Anamaria Acristini-Georgescu
 
                                               






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 I 2019
Service Supplier: Societatea Energetica Electrica S.A.                                                                                                                            
Beneficiary: Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA
 




Company

(beneficiary)


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 "Transilvania Sud" SA


Addendum no. 1 to the Services agreement no. 8 / 16.01.2019


Rendering services in the AMR system
 


5,706


1 Jan 2019 (date of the agreement)


31 Jan 2020


RON 295,366.3 th. receivable of Societatea Energetica Electrica SA from Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA.
 
RON 284.7 th. debt of Societatea Energetica Electrica SA to Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA 


57


Beneficiary: Any non-payment of the amount owed to the supplier will be subject to a 0.03% penalty on the day of delay, from the unpaid debt to the date of payment (exclusive)


60 days from the invoice communication date




 




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