REG - Soc EnergElectricaSA - Transactions affiliated parties - SDMN and EFSA
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: 10 September 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 Societatea de Distributie a Energiei Electrice Muntenia Nord (SDMN) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 9 September 2020, of two transactions between SDMN and EFSA, Electrica's subsidiaries, based on two services agreements without fix price, 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 9 September 2020 by SDMN, as services provider, with EFSA, as beneficiary, containing information about the date of execution, type of transactions, description of their scope, total value of the transactiosn, 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.
Chirf Executive Officer
Georgeta Corina Popescu
Annex 1: Details regarding the transactions concluded by SDMN with EFSA on 9 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: SDMN
Beneficiary: EFSA
Parties of the transaction
Agreement Type and No., execution date
Scope of the agreement
Amount (RON th.)
Date of entry into force
Expiry date
Guarantees (RON th.)
Penalties
Payment due dates and payment methods
SDMN and EFSA MN
2630/1 Mar 2018, contract without fix price
Issuance of an invoice for re-invoicing common expenses (security services)
2.378
1 March 2018
N/A
0
0.01% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
Payment is made within 30 days from the date of the issuance of the invoice.
SDMN and EFSA MN
R4990/31 Oct 2012, contract without fix price
Issuance of an invoice for IT services
0.406
1 November 2012
31 December 2020
0
0.06% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
Payment is made within 60 days from the registration date of the invoice by the beneficiary.
Transactions total amount (RON th.):
2.78
Due and not due mutual receivables of SDMN from EFSA at 9.09.2020: RON 45,920.83 th.
Due and not due mutual debts of SDMN to EFSA at 9.09.2020: RON 782.56 th.
Annex 2: Details regarding the transactions concluded in the last 12 months between SDMN and EFSA 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 agreement
Amount (RON th.)
Date of entry into force
Expiry date
Guarantees (RON th.)
Penalties
Payment due dates and payment methods
Service provider: SDMN
Beneficiary: EFSA
SDMN and EFSA MN
R102263 / 30 Mar 2016
Contract without fix price
Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator
Amount between 1.09.2019 and 9.09.2020:
448,688.68
1 April 2016
N/A
0
0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period
Payment is made within 10 working days from the date of receipt of the invoice.
Other services provided as a distribution operator - interventions in the distribution network
Amount between 1.09.2019 and 9.09.2020:
1,511.02
Payment is made within 30 days from the date of issuance of the invoice
SDMN and EFSA TS
R106538/7 Jul 2015
Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator
Amount between 1.09.2019 and 9.09.2020:
1,645.41
1 August 2015
N/A
0
0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period
Payment is made within 10 working days from the date of issuance of the invoice.
R106673/11 Jul 2015
R107111/27 Jul 2015
R107203/28 Jul 2015
R107421/31 Jul 2015
R107426/31 Jul 2015
Contracts without fix price
SDMN and EFSA TN
R110808/05 Nov 2015
Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator
Amount between 1.09.2019 and 9.09.2020:
383.69
1 December 2015
N/A
0
0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period
Payment is made within 10 working days from the date of issuance of the invoice.
R111559/25 Nov 2015
R112463/15 Dec 2015
1 January 2016
R112651/16 Dec 2015
R112798/18 Dec 2015
R112920/21 Dec 2015
Contracts without fix price
SDMN and EFSA MN
102463/5 Mar 2019; AA2/4 Feb 2020
Contract with addendum which contains price/sqm and the rented area at the reporting date
Buildings rental services
Amount between 1.09.2019 and 9.09.2020:
2.52
Amount to be executed:
EUR 1.781 March 2019
31 December 2023
0
0.02% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
Payment is made within 30 days from the date of registration of the invoice by the beneficiary
SDMN and EFSA MN
28/25 Jan 2008;
AA2/4 Feb 2020Contract with addendum which contains price/sqm and the rented area at the time of reporting
Buildings rental services
Amount between 1.09.2019 and 9.09.2020:
22.29
Amount to be executed:
EUR 1.7225 January 2008
31 December 2020
0
0.06% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
Payment is made within 30 days from the date of registration of the invoice by the beneficiary
SDMN and EFSA MN
554/16 Jan 2008; AA19/4 Feb 2020
Contract with addendum which contains price/sqm and the rented area at the time of reporting
Buildings rental services
Amount between 1.09.2019 and 9.09.2020:
33.24
Amount to be executed:
EUR 2.36
1 January 2008
31 December 2020
0
0.06% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
Payment is made until the 30th day of the current month
SDMN and EFSA MN
R102462/5 Mar 2019;
AA 2/4 Feb 2020
Contract with addendum which contains price/sqm and the rented area at the time of reporting
Buildings rental services
Amount between 1.09.2019 and 9.09.2020:
15.40
Amount to be executed:
EUR 10.08
1 March 2019
31 December 2023
0
0
Payment is made within 30 days from the date of issuing the invoice
SDMN and EFSA MN
R102464/5 Mar 2019; AA 2/4 Feb 2020
Contract with addendum which contains price/sqm and the rented area at the time of reporting
Buildings rental services
Amount between 1.09.2019 and 9.09.2020:
46.51
Amount to be executed:
EUR 31.44
1 March 2019
31 December 2023
0
0.02% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
Payment is made within 30 days from the date of registration of the invoice by the beneficiary
SDMN and EFSA MN
10335/1 Aug 2007
Re-invoicing common expenses
Amount between 1.09.2019 and 9.09.2020:
203.17
1 August 2007
31 August 2021
0
0.01% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
Payment is made within 30 days from the date of registration of the invoice by the beneficiary
2630/1 Mar 2018
28.66
1 March 2018
N/A
Payment is made within 30 days from the date of issuance of the invoice
4914/20 Mar 2019; 17831/17 Feb 2020; 26497/10 Mar 2020
20.45
1 March 2019
1 February 2020
31 January 2021
0
SDMN si EFSA
2166/9 Jan 2020
Contracts without fix price
Re-invoicing common expenses (legal services fee)
Amount between 1.09.2019 and 9.09.2020:
3.87
1 January 2020
31 December 2020
0.01% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
Payment is made in 7 days from the date of issuance of the invoice
SDMN and EFSA MN
580/108/27 Sept 2007
Contract without fix price
Optical fiber rental
Amount between 1.09.2019 and 9.09.2020:
25.50
1 August 2007
31 December 2020
0
0.001% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive).
Payment is made within 10 working days from the date of receipt of the invoice by the beneficiary.
Re-invoicing telecommunications services
51.37
Telecommunications services
115.47
Payment is made within 60 days from the date of registration of the invoice by the beneficiary.
SDMN and EFSA MN
R4990/31 Oct 2012
Contract without fix price
IT services
Amount between 1.09.2019 and 9.09.2020:
1,450.67
1 November 2012
31 December 2020
0
0.6% calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
Payment is made within 60 days from the date of registration of the invoice by the beneficiary.
Re-invoicing IT services
Amount between 1.09.2019 and 9.09.2020:
378.04
0.04% calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)
SDMN and EFSA
21/15 Feb 2018
Contract without fix price
Balancing Market
Amount between 1.09.2019 and 9.09.2020:
9,083.52
1 February 2018
31 January 2021
0
0.01% penalty interest as a percentage of the interest due for non-payment on time of the contractual obligations, calculated for each day of delay starting with the 30th day after the due date until the day of payment
Payment is made within 3 working days from the date of receipt by email / fax
Provider/Seller: EFSA
Beneficiary/Buyer: SDMN
Parties of the transaction
Agreement Type and No., execution date
Scope of the agreement
Amount (RON th.)
Date of entry into force
Expiry date
Guarantees (RON th.)
Penalties (RON th.)
Payment due dates and payment methods
EFSA and SDMN
21/15 Feb 2018
Contract without fix price
Representation service as the Party Responsible for Balancing
Amount between 1.09.2019 and 9.09.2020:
16,833.06
1 February 2018
31 January 2021
0
Payment is made within 3 working days from the date of receipt by email / fax
EFSA and SDMN
1219/12 Dec 2018; AA1 / 12 Dec 2019
Electricity supply on the competitive market - active energy
Amount between 1.09.2019 and 9.09.2020:
11,392.76
Amount to be executed:
3,821.51
1 January 2019
31 December 2020
0
0.1%, penalty interest as a percentage of the interest due for non-payment on time of the contractual obligations, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 20 days of grace period.
Payment is made within 10 days from the date of issuing the invoice.
Electricity supply on the competitive market - reactive energy, green certificates, cogeneration, excise, with no fixed value
Amount between 1.09.2019 and 9.09.2020:
2,005.14
There are 20 days of grace period.
Total amount executed in the last 12 months (RON th.):
493,940.82
Total remaining amount to be executed (RON th.):
3,821.51
Total remaining amount to be executed (EUR th.):
47.38
Due and not due mutual receivables of SDMN from EFSA at 9.09.2020: RON 45,920.83 th.
Due and not due mutual debts of SDMN to EFSA at 9.09.2020: RON 782.56 th.
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