REG - Soc EnergElectricaSA - Transactions related parties DEER - OPCOM

Societatea Energetica Electrica SAAnnouncement

01/10/2021 14:00

RNS Number : 7811N
  
Societatea Energetica Electrica SA
  
01 October 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: 1 October 2021
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. 108 of Law No. 24/2017 concluded by Distributie Energie Electrica Romania SA (DEER), subsidiary of Societatea Energetica Electrica SA (Electrica) and OPCOM
Electrica informs its shareholders and investors about the conclusion, on 30 September 2021, of one transaction between DEER and OPCOM, that have a value that, cumulated with the rest of the transactions concluded/executed in the period 1 January - 30 September 2021 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 transaction concluded on 30 September 2021, together with the rest of the transactions already concluded in the period 1 January - 30 September 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.
 
Chief Executive Officer                                                          
Georgeta Corina Popescu      
            
                                                                                                                        




Annex 1: Details regarding the transactions concluded by DEER and OPCOM between 1 January - 30 September 2021 of the kind listed in Art. 108 of Law No. 24/2017
 



Agreement Type and No., execution date


Scope of transactions


Amount 
(RON th.)


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties  


Payment due dates and payment methods




Provider: OPCOM
Beneficiary: DEER 




DEER no.124/T/10/ 6 Jan 2021
OPCOM no. 07/ 4 Jan 2021


Purchase of electricity - DAM


203,079.52


6 January 2021


undetermined


20,000


N/A


OPCOM S.A. issues the invoices with the date of the last day of the delivery month and sends them, electronically signed, by email, to the DAM Participants in the first three working banking days of the month following the delivery month. The payment is made daily by direct debiting the DEER  account.
The DAM participant has the obligation to ensure the necessary funds in the current account opened with the Settlement Bank, in order to debit the amounts related to the value of the net payment obligations




Trading and administration tariffs - DAM 


97.45


N/A


N/A


The invoice is sent electronically (by e-mail) in the first 3 working days of the month following the month in which the electricity sale / purchase transactions were made.
Payment by bank transfer, with payment order, in maximum 5 working days from the date of receipt of the invoice.
The invoice is considered paid on the date of registration of the payment in the bank statement of OPCOM




OPCOM no. 3020/20 Jan 2021


Trading and administration tariffs - IM 


12.10


1 February


undetermined


N/A


N/A


The invoice is sent electronically (by e-mail) in the first 3 working days of the month following the month in which the electricity sale / purchase transactions were made.
Payment by bank transfer, with payment order, in maximum 5 working days from the date of receipt of the invoice.
The invoice is considered paid on the date of registration of the payment in the bank statement of OPCOM




DEER no. 107/S/10/ 6 Jan 2021
OPCOM no.8/4 Jan 2021


Purchase of electricity - PCCB NC


10.19


6 January 2021


undetermined


N/A


N/A


Payment is made by bank transfer, with payment order, in max. 5 working days from the date of receipt of the invoice.
The invoice is considered paid on the date of registration of the payment in the bank statement of OPCOM




DEER no.82071/8 Oct 2015
OPCOM no. 558/2 Oct 2015
Add. 3, registred under no.
DEER 21401/28 Jun 2021
OPCOM 30471/6 Jul 2021


Representation on the REMIT energy market (Reporting ACER wholesale energy contract details)


16.38


7 October 2015
6 July 2021


undetermined


N/A


N/A


The invoice is sent electronically (by email) monthly, in the first 5 working days of the month following the month for which the services are provided and will include 1/12 of the annual value of each tariff (to which VAT is added where appropriate).
The payment of the invoice is made by the participant in the respective market, in full, through bank transfer, with payment order, in maximum 5 (five) working days from the date of receipt bill



 
Total executed amount during 1 January - 30 September 2021: RON 203,215.64 th
Due and not due mutual receivables of DEER to OPCOM at 29.09.2021: RON 0 th.
Due and not due mutual debts of DEER to OPCOM at 29.09.2021: RON 0 th.
 

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