REG - Soc EnergElectricaSA - Transactions related parties EFSA - OPCOM

Societatea Energetica Electrica SAAnnouncement

13/10/2021 14:15

RNS Number : 9849O
  
Societatea Energetica Electrica SA
  
13 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: 13 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  para (12) of Law No. 24/2017 concluded by Electrica Furnizare SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica), with OPCOM 
Electrica informs its shareholders and investors about the conclusion, on 4 October 2021, of several transactions between EFSA, Electrica's subsidiary, and OPCOM, that have a value that, cumulated with the rest of the transactions concluded/executed in the period 4 August - 4 October 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 4 October 2021, together with the rest of the transactions already concluded in the period 4 August - 4 October 2021, 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.
 
CEO                                                                
Georgeta Corina Popescu                                                      
            
                                                                                                            




Annex 1: Details regarding the transactions concluded by EFSA with OPCOM in the period 4 August - 4 October 2021 of the kind listed in Art. 108 of Law No. 24/2017
 



Agreement Type and No., execution date


Scope of the agreement


Amount of transactions


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties (RON th.)


Payment due dates and payment methods




Buyer: EFSA
Seller: OPCOM




Convention No. 38156/ 18 Aug 2021


Sell - purchase  of electricity - DAM


172,693.85


18 August 2021


undetermined


25,000


-


OPCOM S.A. issues the invoices with the date of the last day of the delivery month and sends them, electronically signed, by e-mail, to the DAM Participants in the first three working banking days of the month following the delivery month. 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.




Convention No. 38156/ 18 Aug 2021


Trading and administration tariffs - DAM


87.75


18 August 2021


undetermined


N/A


-


The invoice is issued and 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.
The payment of the invoice is made by the participant at the respective market, entirely by bank transfer, with payment order, in maximum 5 (five) working days from the date of receipt of the invoice.




Convention PCCB-NC 38105/ 17 aug 2021
Convention PCCB LE FLEX 38104/ 17 aug 2021 Convention PCCB LE FLEX 26829/2020
Convention PC OTC 38107/ 17 aug 2021
Convention PC SU 20013/2018
Convention PCV 38108/ 17 aug 2021;
Convention PVC 90958/2017
Convention PC ESRE CV 38106/ 17 aug 2021


Trading tariff PCCB-NC
 
Trading tariff PCCB-LE FLEX
 
Trading tariff PC PC-OTC 
 
Trading tariff PC SU
 
Trading tariff PCV
 
Trading tariff PC ESRE CV


495.51


17 August 2021
 
17 August 2021
 
17 August 2021
 
20 April 2018
 
 
17 August 2021
 
17 August 2021
 


undetermined 


N/A


-


The invoice related to the bilateral trans T value (to which VAT is added, as the case may be) 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.




Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021


Sell - purchase  of electricity - IM


10,303.38


17 August 2021


undetermined


3,500


-


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 Participants in the IM in the first three working banking days of the month following the month of delivery. 
The IM participant has the obligation to ensure the necessary funds in the current account opened at the Settlement Bank, in order to debit the amounts related to the value of the net payment obligations.




Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021


Trading and administration tariffs - IM 


5.38


17 August 2021


undetermined 


N/A


-


The invoice is issued and 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.
The payment of the invoice is made by the participant at the respective market, entirely by bank transfer, with payment order, in maximum 5 (five) working days from the date of receipt of the invoice.




Convention NGM - short term 42678/2019
Convention NGM - long term 42679/2019


Trading tariff - NGM
Trading tariff - REMIT


1.60


26 August 2019


undetermined


N/A


-


The invoice is sent electronically (by e-mail), monthly, to the contractual partner, 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 as appropriate). Payment is made in maximum 5 working days from the date of receipt of the invoice.




Buyer: OPCOM
Seller: EFSA




Convention No. 38156/ 18 Aug 2021


Sell - purchase  of electricity - DAM


    27,787.06


18 August 2021


undetermined


N/A


-


DAM participants issue invoices, with the date of the last day of the delivery month and send them to OPCOM S.A. by e-mail / fax, in the first three working banking days of the month following the month of delivery and in original or with electronic signature, at the latest by the 10th of the month following the month of delivery.




Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021


Sell - purchase  of electricity - IM


7,802.27


17 August 2021


undetermined


N/A


-


IM Participants issue the invoices, with the date of the last day of the delivery month and send them to OPCOM S.A. by e-mail / fax, in the first three working banking days of the month following the month of delivery and in original or with electronic signature, at the latest by the 10th of the month following the month of delivery.



Total executed amount during 4 August - 4 October 2021: RON 219,176.80 th.
Due and not due mutual receivables of EFSA to OPCOM at 29.09.2021: RON -188,13 th.
Due and not due mutual debts of EFSA to OPCOM at 29.09.2021: RON 79.082,67 th.

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