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

Societatea Energetica Electrica SAAnnouncement

11/09/2020 17:35

RNS Number : 8104Y
  
Societatea Energetica Electrica SA
  
11 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:  11 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 11 September 2020, of 13 transactions between SDMN and EFSA, Electrica's subsidiaries, based on electricity distribution service 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 11 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 transactions, 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, have been presented in the Current Report issued on 10 September 2020 (IRIS Code (BSE) 9572E, respectively RNS Code (LSE) 6672Y).
 
Chirf Executive Officer                                                                      
Georgeta Corina Popescu                                                                  
 
 




Annex 1: Details regarding the transactions concluded by SDMN with EFSA on 11 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


R102263 / 30 Mar 2016


Issuing invoice for 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


40,565.12


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 issuing the invoice.




SDMN and EFSA TS


R107203/28 Jul 2015


67.52


1 August 2015




R106538/7 Jul 2015


11.16




R107111/27 Jul 2015


13.52




R106673/11 Jul 2015


13.39




R107421/31 Jul 2015


17.05




R107426/31 Jul 2015


27.19




SDMN and EFSA TN


R112651/16 Dec 2015


28.36


1 January 2016




R112463/15 Dec 2015


5.09




R112920/21 Dec 2015


3.94




R112798/18 Dec 2015


5.92




R111559/25 Nov 2015


2.26


1 December 2015




R110808/5 Nov 2015


4.21




Total valoare tranzactii (mii RON):


40,764.72























 
 
Due and not due mutual receivables of SDMN from EFSA at 10.09.2020: RON 46,278.2 th. 
Due and not due mutual debts of SDMN to EFSA at 10.09.2020: RON 782.6 th.
 

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