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

Societatea Energetica Electrica SAAnnouncement

30/09/2020 18:20

RNS Number : 6841A
  
Societatea Energetica Electrica SA
  
30 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:  30 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 between 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 29 September 2020, of one transaction between SDMN and EFSA,  Electrica's subsidiaries, based on 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 29 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.
 
Chief Executive Officer                                                          
Georgeta Corina Popescu                                          
                                                                        
 
 




Annex 1
Details regarding the transactions concluded by SDMN with EFSA on 29 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 transactions


Amount (RON th.)


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties 


Payment due dates and payment methods




SDMN and EFSA MN


580/108/27 Sept 2007
Contract without fix price
 


Re-invoicing telecommunications services


0.46


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). There are 30 days of grace period


Payment is made within 60 days from the date of registration of the invoice by the beneficiary.




Transactions total amount (RON th.):


0.46
























Due and not due mutual debts of EFSA to SDMN at 29.09.2020 (RON th.):


49,237.99


 




Due and not due mutual debts of SDMN to EFSA at 29.09.2020 (RON  th.):


783.18


 



 

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