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ELSA - Societatea Energetica Electrica SA News Story

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Last Trade - 30/11/21

Sector
Utilities
Size
Mid Cap
Market Cap £572.4m
Enterprise Value £683.1m
Revenue £1.14bn
Position in Universe 566th / 1804

Soc EnergElectricaSA - Transactions related parties EFSA - OPCOM

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RNS Number : 5750U  Societatea Energetica Electrica SA  03 December 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: 3 December 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 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 2
December 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 5 October - 2 December 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 2 December 2021, together with
the rest of the transactions already concluded in the period 5 October - 2
December 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 5 October - 2 December 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     311,248.45              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  57.91                   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                                           Trading tariff PCCB-NC                    188.70                  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
 Convention PCCB LE FLEX 38104/ 17 aug 2021 Convention PCCB LE FLEX 26829/2020                                                                                                                                                        days of the month following the month in which the electricity sale-purchase

                                                                                  transactions were made. Payment by bank transfer, with payment order, in
 Convention PC OTC 38107/ 17 aug 2021                                            Trading tariff PCCB-LE FLEX                                                                                                                          maximum 5 working days from the date of receipt of the invoice.

 Convention PCV 38108/ 17 aug 2021;                                                                                                                17 August 2021

 Convention PCV 90958/2017                                                       Trading tariff PC PC-OTC

 Convention PC ESRE CV 38106/ 17 aug 2021

                                                                                 Trading tariff PCV                                                17 August 2021

                                                                                 Trading tariff PC ESRE CV                                         17 August 2021

                                                                                                                                                   17 August 2021

 Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021      Sell - purchase  of electricity - IM      14,914.88               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   3.77                    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                                          Trading tariff - NGM                      0.53                    26 August 2019            undetermined  N/A                   -                    Payment is made in maximum 5 working days from the date of receipt of the

                                                                                                                                                    invoice.
 Add. 3/13 Jul 2021                                                              Trading tariff - REMIT
 Buyer: OPCOM

 Seller: EFSA
 Convention No. 38156/ 18 Aug 2021                                               Sell - purchase  of electricity - DAM     41,199.45               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 10(th) 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      8,773.83                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 10(th) of the
                                                                                                                                                                                                                                      month following the month of delivery.

 

Total executed amount during 5 October - 2 December 2021: RON 367,387.52 th.

Due and not due mutual receivables of EFSA to OPCOM at 29.11.2021: RON
16,537.17 th.

Due and not due mutual debts of EFSA to OPCOM at 29.11.2021: RON 109,183.84
th.

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