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ELSA Societatea Energetica Electrica SA News Story

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




 



RNS Number : 6672Y
Societatea Energetica Electrica SA
10 September 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:  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 1.78

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

28/25 Jan 2008;
AA2/4 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:

22.29

Amount to be executed:
EUR 1.72

25 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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