REG - Soc EnergElectricaSA - Transactions affliliated parties - DSOs and EFSA

Societatea Energetica Electrica SAAnnouncement

25/09/2020 07:01

RNS Number : 1163A
  
Societatea Energetica Electrica SA
  
25 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:  24 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 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 23 September 2020, of 5 transactions between electricity distribution companies 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 23 September 2020 by electricity distribution companies, as services providers/beneficiaries, with EFSA, as beneficiary/service provider, 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 23 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
Services 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


21/15 Feb 2018
Contract without fix price


Balancing Market


453.55


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




Transactions total amount (RON th.):


453.55
























Due and not due mutual debts of EFSA to SDMN at 22.09.2020 (RON th.):


94,844.11


 




Due and not due mutual debts of SDMN to EFSA at 22.09.2020 (RON th.):


1,037.43


 



 
 
 
 
 
 
 
 
Annex 1
Details regarding the transactions concluded by SDTN with EFSA on 23 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
Services provider: SDTN         
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




SDTN and  EFSA


22/15 Feb 2018 and Concession contract 61/4 Apr 2018
Contract without fix price


Providing  representation service as the Party Responsible for Balancing


83.29


27 February 2018


31 December 2020, with the possibility of extension without completing any formality, for periods of 12 months, if neither party requests the cancellation of the contract at least 30 days before the expiration of its duration


0 


Interest due for not paying the obligations to the state budget in due time, applied starting with the first day after the due date; (Percentage valid at the date of reporting: 0.02%)
 
If the provider fails to fulfill its obligations under the contract, the purchaser has the right to deduct from the tariff established by the contract, as penalties, an amount equivalent to a percentage of 1.5% of the monthly tariff


Payment is made within 3 working days from the date of receipt of the invoice




Transactions total amount (RON th.):


83.29
























Due and not due mutual debts of EFSA to SDMN at 22.09.2020 (RON th.):


77,775.46


 




Due and not due mutual debts of SDMN to EFSA at 22.09.2020 (RON th.):


1,094.20


 



 
 
 
 
 
 
Details regarding the transactions concluded by EFSA  with Societatea de Distributie a Energiei Electrice Muntenia Nord (SDMN), Societatea de Distributie a Energiei Electrice Transilvania Nord (SDTN) and Societatea de Distributie a Energiei Electrice Transilvania Sud (SDTS) on 23 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
Services provider: EFSA         
Beneficiary: SDMN, SDTN, SDTS



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




EFSA and SDMN


21/15 Feb 2018
Contract without fix price


Representation service as the Party Responsible for Balancing


116.38


1 February 2018


31 January 2021


0


0


Payment is made within 3 working days from the date of receipt by email / fax




EFSA and SDTN


22/15 Feb 2018
Contract without fix price


Representation service as the Party Responsible for Balancing


338.55


1 January 2018


31 December 2020


0


0


Payment is made within 3 working days from the date of receipt of the invoice




EFSA and SDTS


23/15 Feb 2018
Contracts without fix price 


Providing representation service as Balancing Responsible Party 


47.44


1 February 2018


31 January 2021


0


0


Payment is made within 3 working days from the date of receipt of the invoice




Transactions total amount (RON th.):


502.37
























Due and not due mutual debts of EFSA to SDTS at 22.09.2020 (RON th.):


35,640.58


 




Due and not due mutual debts of SDTS to EFSA at 22.09.2020 (RON th.):


692.22


 



 

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