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

Societatea Energetica Electrica SAAnnouncement

22/09/2020 17:05

RNS Number : 7813Z
  
Societatea Energetica Electrica SA
  
22 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:  22 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 two electricity distribution companies and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 21 September 2020, of 3 transactions between Societatea de Distributie a Energiei Electrice Muntenia Nord (SDMN) and EFSA, respectively of one transaction between Societatea de Distributie a Energiei Electrice Transilvania Sud (SDTS),  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 21 September 2020 by SDMN and SDTS, as services providers, 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 21 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


0.37


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.




Re-invoicing telecommunications services


0.24




SDMN and EFSA MN


R4990/31 Oct 2012
Contract without fix price


Re-invoicing IT services


4.76


1 November 2012


31 December 2020


0 


0.04% 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.):


5.36
























Due and not due mutual debts of EFSA to SDMN at 18.09.2020 (RON th.):


94,946.28


 




Due and not due mutual debts of SDMN to EFSA at 18.09.2020 (RON  th.):


898.94


 



 
 
 
 
 
 
 
Details regarding the transactions concluded by SDTS with EFSA on 21 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: SDTS           
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




SDTS and EFSA TS


C-3831/D/700/ 15 Mar 2016 and AA2/01 Aug 2016


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 - Providing other services as distribution operator


0.56


1 August 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).


Payment is made within 30  days from the date of receipt of the invoice




Transactions total amount (RON th.):


0.56
























Due and not due mutual debts of EFSA to SDTS at 18.09.2020 (RON th.):


35,647.16


 




Due and not due mutual debts of SDTS to EFSA at 18.09.2020 (RON  th.):


635.77


 



 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
MSCLTMFTMTMTBMM