REG - Soc EnergElectricaSA - Transactions related parties DEER - EFSA
12/11/2021 16:30
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RNS Number : 2882S Societatea Energetica Electrica SA 12 November 2021
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: 12 November 2021
Company name: Societatea Energetica Electrica S.A. (Electrica)
Headquarters: 9 Grigore Alexandrescu Street, 1(st) 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. 108 ( )of Law No. 24/2017 concluded by Distributie Energie Electrica
Romania SA (DEER) and Electrica Furnizare SA (EFSA), subsidiaries of
Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 10
November 2021, of several transactions between DEER and EFSA, Electrica's
subsidiaries, that have a value that, cumulated with the rest of the
transactions concluded/executed in the period 14 September - 10 November 2021
(respectively after the previous current report issued on 16 September 2021 on
BSE - IRIS Code 077EC and on LSE - RNS code 9795L), exceeds the threshold of
5% of Electrica's net assets, according to Electrica's individual financial
statements for 2020, respectively exceeds the value of RON 202,466,778.
Details regarding the transactions concluded on 10 November 2021, which led to
exceeding the threshold, containing information about the date of execution,
type of transaction, description of its scope, total value of the transaction,
expiry date, mutual debts and receivables, guarantees, penalties, payment due
dates and methods are presented in Annex 1.
Details regarding the rest of the transactions already concluded in the period
14 September - 10 November 2021, which, individually or cumulatively, did not
meet the requirement provided in art. 108 of Law no. 24/2017, but which
cumulated with the transaction presented in Annex 1 lead to exceeding the
threshold of 5% of Electrica's net assets, according to Electrica's individual
financial statements for 2020, are presented in Annex 2.
Chief Executive Officer
Georgeta Corina Popescu
Annex 1: Details regarding the transaction concluded by DEER and EFSA on
10 November 2021 of the kind listed in Art. 108 of Law No. 24/2017
Services provider: DEER-MN
Beneficiary: EFSA
Agreement Type and No., execution date Scope of transactions Amount of transactions (RON th.) Invoice Number / Date Date of entry into force Expiry date Guarantees (RON th.) Penalties Payment due dates and payment methods
R102263/30 Mar 2016 Providing electricity distribution service by the distribution operator for 40,200.54 7190002247/ 10.11.2021; 7190002248/ 10.11.2021; 7190002249/ 10.11.2021; 1 April 2016 indefinite N/A In case of not fulfilling the payment obligations within 30 days from Issuance of the invoice with the payment amount for the concluded contractual
users, end customers of the supplier, whose installations are connected to the 7190002250/ 10.11.2021; invoice's due date, the supplier will pay, in addition to the amount due, a month is made in the first 10 working days of the month following each
electricity network of the distribution operator penalty interest corresponding as a percentage of interest due for not paying contractual month. Payment is made within 10 working days from the date of
the obligations to the state budget in due time, calculated for each day of issuing the invoice, in case of its communication by e-mail, or within 10 days
delay starting with the first day after the due date until the day of payment from the date of sending the invoice, otherwise.
(exclusive). The total value of the penalty interest may not exceed the value
of the amount due.
Transactions total amount (RON th.): 40,200.54
Due and not due mutual debts of EFSA to DEER at 09.11.2021: RON 170,677.18 th.
Due and not due mutual debts of DEER to EFSA at 09.11.2021: RON 1,689.06 th.
Annex 2:
Details regarding the transactions concluded by DEER and EFSA in the period 14
September - 10 November 2021 of the kind listed in Art. 108 of Law No. 24/2017
Agreement Type and No., execution date Scope of transactions Amount Date of entry into force Expiry date Guarantees (RON th.) Penalties Payment due dates and payment methods
(RON th.)
Services provider: DEER-TN
Beneficiary: EFSA
30275/30 Sept 2015 Providing electricity distribution service by the distribution operator for 143.66 1 October 2015 indefinite N/A In case of not fulfilling the payment obligations within 30 days from Issuance of the invoice with the payment amount for the
users, end customers of the supplier, whose installations are connected to the invoice's due date, the supplier will pay, in addition to the amount due, a concluded contractual
electricity network of the distribution operator penalty interest corresponding as a percentage of interest due for not paying month is made in the first 10 working days of the month
the obligations to the state budget in due time, calculated for each day of following each
delay starting with the first day after the due date until the day of payment contractual month. Payment is made within 10 working days from
(exclusive). The total value of the penalty interest may not exceed the value the date of
of the amount due. issuing the invoice, in case of its communication by e-mail, or
within 10 days
from the date of sending the invoice, otherwise.
33802/1 Jul 2015 1 July 2015
43670/17 Nov 2015 1 December 2015
426/SM/30 Dec 2015 1 January 2016
10019 BN/1 Oct 2015 1 October 2015
71107/11 Aug 2015 1 September 2015
32476/9 Dec 2015 Providing electricity distribution service by the distribution operator for 724.70 1 January 2016 indefinite N/A In case of not fulfilling the payment obligations within 30 days from Issuance of the invoice with the payment amount for the
users, end customers of the supplier, whose installations are connected to the invoice's due date, the supplier will pay, in addition to the amount due, a concluded contractual
electricity network of the distribution operator penalty interest corresponding as a percentage of interest due for not paying month is made in the first 10 working days of the month
the obligations to the state budget in due time, calculated for each day of following each
delay starting with the first day after the due date until the day of payment contractual month. Payment is made within 10 working days from
(exclusive). The total value of the penalty interest may not exceed the value the date of
of the amount due. issuing the invoice, in case of its communication by e-mail, or
within 10 days
from the date of sending the invoice, otherwise.
33799/1 Jul 2015 1 July 2015
43264/20 Oct 2015 1 November 2015
425/SM/23 Dec 2015 1 January 2016
10018 BN/1 Jul 2015 1 July 2015
70866 /1 Jul 2015 1 July 2015
425/SM/23 Dec 2015 Providing electricity distribution service by the distribution operator for 1.33 1 January 2016 indefinite N/A Penalty interest corresponding as a percentage of the interest due for The invoice is issued with the payment amount for the concluded
users, end customers of the supplier, whose installations are connected to the non-payment on time of the obligations to the state budget), calculated for contractual
electricity network of the distribution operator - other services as DO each day of delay starting with the first day after the due date until the day month is made in the first 10 working days of the month
of payment (exclusively). The total value of the penalty interest may not following each
exceed the value of the amount due. contractual month. Payment is made within 10 working days from
the date of
issuing the invoice.
103 / 10 Mar 2016 Providing electricity distribution service by the distribution operator for 71,198.95 1 April 2016 indefinite N/A In case of not fulfilling the payment obligations within 30 days from Issuance of the invoice with the payment amount for the
users, end customers of the supplier, whose installations are connected to the invoice's due date, the supplier will pay, in addition to the amount due, a concluded contractual
electricity network of the distribution operator penalty interest corresponding as a percentage of interest due for not paying month is made in the first 10 working days of the month
the obligations to the state budget in due time, calculated for each day of following each
delay starting with the first day after the due date until the day of payment contractual month. Payment is made within 10 working days from
(exclusive). The total value of the penalty interest may not exceed the value the date of
of the amount due. issuing the invoice, in case of its communication by e-mail, or
within 10 days
from the date of sending the invoice, otherwise.
Providing electricity distribution service by the distribution operator for 6.11 If the supplier does not pay the invoices related to the EDN intervention Payment is made within 30 calendar days from the date of issuing the invoice
users, end customers of the supplier, whose installations are connected to the services within 30 days from the due date, the distribution operator will
electricity network of the distribution operator - other services as DO claim delay penalties of 0.01% for each day of delay, calculated at the unpaid
amount, starting with the first day after the due date, until the day of
payment (exclusively). The value of the penalties may not exceed the amount
due.
Convention 50277/22 Feb 2016; AD 53229 A/20 Oct 2020 - Bistrita Re-invoicing utilities expenses 14.20 1 January 2016 31 December 2023 N/A For delays in the payment of the invoice of more than 30 days from the due Payment is made within 10 calendar days from the date of
date, the lessor has the right to charge, and the lessee has the obligation to registration of the
pay late payment penalties of 0.03% applied to the amount due for each invoice to the tenant
calendar day of delay, starting with the first day after due date. The value
of the penalties will not exceed the value of the outstanding debt
Convention 30728/22 Feb 2016, AD. 4/56021/7 Oct 2020 - Oradea 12.03 1 January 2016
Convention E12.2.59/8 Mar 2011 - Oradea - utilities breakdown Oradea building 4.57 1 February 2011 Non-payment of the invoice within 30 days from the due date authorizes the
-headquarters lessor to request late-payment penalties equal to the late-payment penalties
due for not paying the tax obligations to the state budget in due time,
applied to the amount due for each day of delay, starting with day following
the due date and until the date of settlement of the amount due, exclusively.
The value of the penalties may not exceed the value of the outstanding debt.
Convention 60380/22 Feb 2016, AD SM 63761A/ 16 Dec 2020 - Satu Mare 15.59 1 January 2016 For delays in the payment of the invoice of more than 30 days from the due
date, the lessor has the right to charge, and the lessee has the obligation to
pay late payment penalties of 0.03% applied to the amount due for each
calendar day of delay, starting with the first day after due date. The value
of the penalties will not exceed the value of the outstanding debt
Convention 1193/9 Jan 2017, AD3/21 Sept 2019 - Baia Mare 6.70 1 January 2017
Convention 17/ 28 Feb 2019 - Cluj 16.64 1 March 2019
Convention 70022/5 Jan 2017, AD 71117A/1267/18 Jul 2018 - Zalau 1.78 1 January 2017
Services provider: DEER-TS
Beneficiary: EFSA
C-3831/D/700/ 15 Mar 2016 and AD8/18 Jun 2020 Providing electricity distribution service by the distribution operator for 66,421.01 1 April 2016 indefinite N/A In case of not fulfilling the payment obligations within 30 days from Issuance of the invoice with the payment amount for the
users, end customers of the supplier, whose installations are connected to the invoice's due date, the supplier will pay, in addition to the amount due, a concluded contractual
electricity network of the distribution operator penalty interest corresponding as a percentage of interest due for not paying month is made in the first 10 working days of the month
the obligations to the state budget in due time, calculated for each day of following each
delay starting with the first day after the due date until the day of payment contractual month. Payment is made within 10 working days from
(exclusive). The total value of the penalty interest may not exceed the value the date of
of the amount due. issuing the invoice, in case of its communication by e-mail, or
within 10 days
from the date of sending the invoice, otherwise.
C-3831/D/700/ 15 Mar 2016 and AD 2/1 Aug 2016 Providing electricity distribution service by the distribution operator for 8.68 If the supplier does not pay the invoices related to the EDN intervention Payment is made within 30 calendar days from the date of issuing the invoice.
users, end customers of the supplier, whose installations are connected to the services within 30 days from the due date, the distribution operator will
electricity network of the distribution operator - other services as claim delay penalties of 0.01% for each day of delay, calculated at the unpaid
distribution operator amount, starting with the first day after the due date, until the day of
payment (exclusively). The value of the penalties may not exceed the amount
due.
C 22/15 Feb 2018; AA4 /15 Feb 2018 Providing the representation service as Balancing Responsible Party 1,992.64 15 February 2018 indefinite N/A If due to his sole fault the Provider fails to fulfill its obligations under The invoice will be paid by the provider / purchaser within 3
the contract, the Purchaser has the right to deduct from the tariff financial days
C 61/4 Apr 2018 established by the contract an amount equal to a percentage of 1.5% of the from the date of its receipt
tariff established according to Annex 2.
C 1466/27 Mar 2018
If the Purchaser does not fulfill any payment obligation arising under the
Contract, he has the obligation to pay as penalties an amount equivalent to a
percentage of the unpaid payment. The percentage for each day of delay is that
of the interest due for not paying on time the obligations for the state
budget.
The same penalties will be charged for any amounts due by the Purchaser based
on the contract.
C-1345/I/7000/23 Jan 2019; AD2/18 Dec 2020 Re-invoicing buildings rental services 70.38 1 January 2019 31 December 2023 N/A In case of not fulfilling the payment obligations on the due date, the tenant Payment is made within 10 working days from the date of
has the obligation to pay, as penalties, an amount equivalent to 0.02% of the registration of the
unpaid amount on time, for each day of delay, starting with the next day after invoice by the tenant.
the due date until actual payments.
C-320/14 Sept 2007; AD54/30 Dec 2020 Re-invoicing telecommunications services -3.86 14 September 2007 30 June 2021 N/A If the beneficiary does not pay the invoices until the due date, he has the Payment is made within 10 working days from the date of
obligation to pay, as penalties, an amount equivalent to the percentage of registration of the
interest due for not paying the obligations to the state budget in due time, invoice by the Beneficiary
to the amount not paid on time for each day of delay starting with the next
day of the due date until the date of the actual payment, inclusive. The
amount of the penalties may not exceed the amount on which it is calculated.
Services provider: DEER-MN
Beneficiary: EFSA
R102263/30 Mar 2016 Providing electricity distribution service by the distribution operator for 38,486.06 1 April 2016 indefinite N/A In case of not fulfilling the payment obligations within 30 days from Issuance of the invoice with the payment amount for the
users, end customers of the supplier, whose installations are connected to the invoice's due date, the supplier will pay, in addition to the amount due, a concluded contractual
electricity network of the distribution operator penalty interest corresponding as a percentage of interest due for not paying month is made in the first 10 working days of the month
the obligations to the state budget in due time, calculated for each day of following each
delay starting with the first day after the due date until the day of payment contractual month. Payment is made within 10 working days from
(exclusive). The total value of the penalty interest may not exceed the value the date of
of the amount due. issuing the invoice, in case of its communication by e-mail, or
within 10 days
from the date of sending the invoice, otherwise.
If the supplier does not pay the invoices issued by the distribution operator Payment is made within 30 days from the date of issuing the invoice.
within 30 days from the due date, the distribution operator will claim delay
penalties of 0.01% for each day of delay, calculated at the unpaid amount,
starting with the first day after the due date, until the day of payment
(exclusively). The value of the penalties may not exceed the amount due.
2630/01 Mar 2018 Re-invoicing common expenses 8.75 1 March 2018 indefinite N/A 0.001% of the amount not paid on time, calculated for each day of delay Payment is made within 60 calendar days from the date of
starting with the first day after the due date until the day of payment registration of the
(exclusive). The value of the penalties may not exceed the amount due invoice by the beneficiary
17831/17 Feb 2020 Re-invoicing common expenses 2.68 1 February 2020 indefinite N/A N/A N/A
26497/10 Mar 2020
10335/01 Aug 2007 Re-invoicing common expenses 13.23 1 August 2007 31 July 2022 N/A For delays in paying the invoices, the beneficiary will pay penalities of Payment is made within 30 days from the date of registration of
0.1%/day of delay, starting with the first day after the due date until the the invoice by
day of payment (exclusive) the beneficiary
Services provider: EFSA
Beneficiary: DEER-TN
22/15 Feb 2018; AD 4/16 Dec 2019; AD 5/31 Dec 2020 Providing the representation service as Balancing Responsible Party 5,487.99 1 January 2018 31 December 2021 with automatic extension for periods of 12 months according N/A If, through his sole fault, the Provider fails to fulfill its obligations Payment is made within 3 working days from the date of receipt
to AD 4/16 Dec 2019 under the contract, the Buyer has the right to deduct from the tariff of the invoice
established by the contract, as penalties, an amount equivalent to a
percentage of 1.5% of the monthly tariff established.
Convention 72/26 Jan 2017, AD 2/1 Mar 2019, referring to rental services Re-invoicing common expenses 1.84 1 January 2017 31 December 2023 N/A For delays in the payment of the invoice for more than 30 days from the due Payment is made within 10 days from the date of registration of
contract 885/31 Dec 2015 date, the lessor has the right to charge, and the lessee has the obligation to the invoice
pay, delay penalties of 0.03% applied on the amount due, for each calendar day with the tenant
of delay, starting with the first day after the due date. The value of the
penalties may not exceed the value of the outstanding debt.
Convention 13/2 Feb 2017 referring to rental services contract 885/31 Dec 2015 Re-invoicing common expenses 0.08 1 January 2017 31 December 2023 N/A N/A Payment is made within 10 days from the date of registration of
the invoice
with the tenant
Convention 21/18 Feb 2010 Re-invoicing common expenses - water/sewage 0.05 19 January 2010 indefinite N/A Failure to pay the invoice within 10 days from the due date, authorizes the The due date of the invoice is 10 days from the date of
Owner to receive late-payment penalties equal to the level of late-payment registration of the
penalties charged by Compania de Apa Oradea, applied to the amount due for invoice at DEER - TN.
each day of delay, starting with the day after the due date and until the date
of settlement of the amount due, exclusively.
Services provider: EFSA
Beneficiary: DEER-TS
876/31 Dec 2015, AD 3/18 Jan 2019 Re-invoicing utilities expenses 12.43 1 January 2016 31 December 2023 N/A In case of failure to pay the obligations on the due date, the tenant has the Payment of the invoice will be made by transfer within 10
obligation to pay, as penalties, an amount equivalent to 0.02% of the amount working days from
not paid on time, for each day of delay, starting with the day after the due the date of registration of the invoice by the tenant
date, until on the date of actual payment.
Services provider: EFSA
Beneficiary: DEER
268/29 Aug 2007; AD 16/18 Feb 2020 - TN Re-invoicing - pensioners energy quota 187.14 1 August 2017 During the period GD 1041/2003 is in force, as it was completed and modified N/A If the beneficiary does not pay the value of the invoices within 30 calendar The payment of the issued invoices is made, by legal
by GD 1461/2003 days from the due date, the beneficiary owes the supplier penalties of 0.04% instruments, within 30
Equivalent value of electricity granted to individuals benefiting from the for each day of delay, starting with the 31st day from the due date and until days from their registration to the beneficiary.
provisions of GD.1041/2003 and GD.1461/2003 full payment of the invoice. The value of the penalties may not exceed the
value of the amount paid.
C49/7 Sept 2007; AD 139/1 Sept 2020 - TS If the beneficiary does not pay the value of the invoices within the The payment of the equivalent value of the invoice will be made through the
stipulated terms, he owes the supplier penalties in the amount equal to the legal modalities, within the deadline of 30 calendar days from the receipt at
one provided for failing to pay the obligations to the State Budget for each the payer's headquarters. In case of payment of the invoice by bank
day of delay, starting with the due date and until full receipt of the instruments, the date of payment will be considered the date of registration
invoice. The amount of the penalties may not exceed the value of the amount on of the amount at the bank where the payment was made. In case of payment by
which they were calculated. clearing, the payment date will be considered the date of completion of the
clearing documents.
R84/31 Aug 2007; AD 8/15 Jan 2020 - MN If the payer does not pay the invoice within 30 days from the due date, he Payment of the invoice will be made by legal means within the deadline of 30
owes the provider penalties of 0.1% for each day of delay, starting with the calendar days from the date of registration of the invoice at the payer's
first day after the due date and until full payment, including the day of premises.
payment. The amount of the penalties will not exceed the value of the invoice.
Total executed amount during 14 September - 10 November 2021, based on
contract without fix value: RON 184,835.36 th.
Due and not due mutual debts of EFSA to DEER at 09.11.2021: RON 170,677.18 th.
Due and not due mutual debts of DEER to EFSA at 09.11.2021: RON 1,689.06 th.
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