REG - Soc EnergElectricaSA - Transactions affiliated parties - EFSA and OPCOM

Societatea Energetica Electrica SAAnnouncement

02/10/2020 07:01

RNS Number : 9318A
  
Societatea Energetica Electrica SA
  
02 October 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: 1 October 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 with related parties according to Art. 923 para (12) of Law No. 24/2017 concluded by Electrica Furnizare SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica), with OPCOM 
Electrica informs its shareholders and investors about the conclusion, on 30 September 2020, of two transactions between EFSA, Electrica's subsidiary, and OPCOM, Electrica's related party, 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 30 September 2020 by EFSA, as buyer/seller, with OPCOM, as seller/buyer, containing information about the date of execution, type of transaction, description of its scope, total value of the transaction, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.
Details regarding the transactions concluded in the last 12 months between the parties, which lead to exceeding, at a cumulative level, the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, are presented in Annex 2.
 
Chief Executive Officer                                              
Georgeta Corina Popescu                                                                                                                  




Annex 1: Details regarding the transactions concluded by EFSA with OPCOM on 30 September 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 the transactions


Amount (RON th.)


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties (RON th.)


Payment due dates and payment methods




Buyer: EFSA
Seller: OPCOM




OPCOM and EFSA 


Convention No. 11426 / 25 Aug 2011 - without fix price, the transactions amounts are determined based on the monthly invoices issued by OPCOM


Sell - purchase  of electricity 


6,522.32  


25 August 2011


N/A
 


28,500






Invoices are issued on the last day of the delivery month. Payment is made until the 10th calendar day of the following month




Buyer: OPCOM
Seller: EFSA




EFSA and OPCOM 


Convention No. 11426 / 25 Aug 2011 - without fix price, the transactions amounts are determined based on the monthly invoices issued by EFSA


Amount of sale of electricity 


7,784.81  


25 August 2011


N/A










Invoices are issued on the last day of the delivery month. Payment is made until the 10th calendar day of the following month




Total transactions amount (RON th.):


14.307,13


 



 
Due and not due mutual receivables of EFSA to OPCOM at 29.09.2020 (RON th.): (3,589.54)*
Due and not due mutual debts of EFSA to OPCOM at 29.09.2020 (RON  th.): (2,015.25)*
 
*The negative balance as per 29.09.2020 is due to the receipts / payments made in advance by the parties, in relation to the transactions carried out on the DAM, according to OPCOM's procedure regarding settlement of transactions carried out on DAM
 




 
Annex 2: Details regarding the transactions concluded in the last 12 months by EFSA with OPCOM of the kind listed in Art. 923 of Law No. 24/2017
 



Parties of the transaction


Agreement Type and No., execution date


Scope of the transactions


Amount (RON th.)


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties (RON th.)


Payment due dates and payment methods




Buyer: EFSA
Seller: OPCOM




OPCOM and EFSA 


Convention No. 11426 / 25 Aug 2011 - without fix price, the transactions amounts are determined based on the monthly invoices issued by OPCOM


Sell - purchase  of electricity 


Amount in the last 12 months, at 30.09.2020:
191,531.62  


25 August 2011


N/A
 


28,500






Invoices are issued on the last day of the delivery month. Payment is made until the 10th calendar day of the following month




OPCOM and EFSA


Convention No. 11426 / 25 Aug 2011 - without fix price, the transactions amounts are determined based on the monthly invoices issued by OPCOM


Trading and administration tariffs


Amount in the last 12 months, at 30.09.2020:
233.7  


25 August 2011


N/A
 










Payment is made by bank transfer, with payment order, within a maximum of 5 working days from the date of receipt of the invoice.




OPCOM and EFSA


Convention PCCB-NC 3876/2015
Convention PCCB-LE 3878/2015
Convention PCCB LE FLEX 26829/2020
Convention PC OTC 19546/2014
Convention PC SU 14098/2018
Convention PI/2017;
Convention PVC 90958/2017
Convention PC ESRE CV 6235/2019
Conventions without fix price, the transactions amounts are determined based on the monthly invoices issued by OPCOM


Trading tariffs


Amount in the last 12 months, at 
30.09.2020
1,668.46


19 January 2015
19 January 2015
26 May 2020
2 April 2014
20 April 2018
19 January 2017
11 October 2017
30 September 2019


N/A
 


28,500






Invoices are issued on the last day of the delivery month. Payment is made until the 10th calendar day of the following month




Buyer: OPCOM
Seller: EFSA




EFSA and OPCOM 


Convention No. 11426 / 25 Aug 2011 - without fix price, the transactions amounts are determined based on the monthly invoices issued by EFSA


Amount of sale of electricity 


Amount in the last 12 months, at 30.09.2020:
53,829.65


25 August 2011


N/A










Invoices are issued on the last day of the delivery month. Payment is made until the 10th calendar day of the following month




Total amount executed in the last 12 months (RON th.):


247,263.43


 



 
Due and not due mutual receivables of EFSA to OPCOM at 29.09.2020 (RON th.): (3,589.54)*
Due and not due mutual debts of EFSA to OPCOM at 29.09.2020 (RON  th.): (2,015.25)*
 
*The negative balance as per 29.09.2020 is due to the receipts / payments made in advance by the parties, in relation to the transactions carried out on the DAM, according to OPCOM's procedure regarding settlement of transactions carried out on DAM
 

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