REG - Soc EnergElectricaSA - Transactions related parties EFSA - TEL
16/12/2021 08:45
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RNS Number : 8790V Societatea Energetica Electrica SA 16 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: 16 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 of Law No. 24/2017 concluded by Electrica Furnizare SA (EFSA),
subsidiary of Societatea Energetica Electrica SA (Electrica), with
Transelectrica S.A. (TEL)
Electrica informs its shareholders and investors about the conclusion, on 14
December 2021, of several transactions between EFSA, Electrica's subsidiary,
and TEL, whose value, cumulated with the rest of the transactions
concluded/executed in the period 24 August - 14 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 transactions concluded on 14 December 2021by EFSA with
TEL, together with the rest of the transactions already concluded in the
period 24 August - 14 December 2021, which, individually or cumulatively, did
not meet the requirement provided in art. 108 of Law no. 24/2017, 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 between 24 August - 14
December 2021 by EFSA with TEL 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 (RON th.) Date of entry into force Expiry date Guarantees (RON th.) Penalties Payment due dates and payment methods
Buyer: EFSA
Provider: TEL
Convention No. 416 / 20 Dec 2013 Electricity transport and system services 90,189.64 1 January 2014 31 December 2023 27,506 In case of non-fulfillment within 5 calendar days from the due date of the Payment is made within a maximum of 10 days from receipt of the invoice
obligations, the beneficiary pays in addition to the amount due, a penalty
interest on this amount, corresponding as a percentage of interest due for
non-payment of obligations to the state budget, for each day delay, starting
Add. 1/ 28 Dec 2018 with the day following the date of the deadline until the day of payment
(exclusive). The total value of the penalties may not exceed the value of the
amount due
Convention No. 275 / 19 Oct 2020 Sale and purchase of electricity between the parties, as a result of 46,129.98 1 September 2020 Undetermined until its termination by any of the parties 10,583 In case of non-payment of invoices on time, PRE pays a penalty equal to an Payment is made within a maximum of 5 working days from date of issuing the
production / consumption imbalances of PRE that were offset by Transelectrica additional amount compared to the amount due to be paid and includes interest invoice
on the balancing market in accordance with the provisions of the regulations accrued for any amounts due and unpaid, calculated as a percentage of the
in force delay penalty charged for non-payment of obligations to the state budget,
starting with the day following the deadline on which the payments should have
been made and ending with the day preceding the day on which the outstanding
amounts were actually paid
Contract 35 / 12 Feb 2021 Contribution to high efficiency cogeneration 55,445.50 12 February 2021 18 months from the date of termination of state aid established by Government N/A In case of non-payment of due invoices, the guilty party has the obligation to The contributor pays the invoices sent by the administrator of the support
Decision no. 1215/2009 pay penalty interest charged for late payment, equal to the level of delay scheme within 7 days from their receipt, but not later than the 20(th) day of
interest charged for non-payment of obligations to the state budget, for each each month following the month of the consumption.
day of delay after the due date, until on the day of payment (exclusively).
The total value of the penalty interest may not exceed the value of the amount
due.
Buyer: TEL
Provider: EFSA
Convention No. 275 / 19 Oct 2020 Sale and purchase of electricity between the parties, as a result of 13,661.44 1 September 2020 Undetermined until its termination by any of the parties N/A In case of non-payment of invoices on time, Transelectrica pays a penalty Payment is made within a maximum of 5 working days from the date of issuing
production / consumption imbalances of PRE that were offset by Transelectrica equal to an additional amount compared to the amount due to be paid and the invoice
on the balancing market in accordance with the provisions of the regulations includes interest accrued for any amounts due and unpaid, calculated as a
in force percentage of the delay penalty charged for non-payment of obligations to the
state budget, starting with the day following the deadline on which the
payments should have been made and ending with the day preceding the day on
which the outstanding amounts were actually paid
Contract no. 321 / 20 Jul 2004 - TN Re-invoicing pensioners 20 July 2004 During GD 1041/2003 and GD 1461/2003 N/A If the beneficiary does not pay the value of the invoices within 30 days from Payment is made until the 25(th) of the month following the reference month.
16.94 the due date, he owes penalties in the amount of 0.05% for each day of delay,
Add. no. 15 / 30 Jul 2020 starting with the 31(st) day and until full payment of the invoice.The amount
of the penalties cannot exceed the value of the invoice.
Contract no. 575 / 06 Nov 2017 - MN 7 November 2017 If the payer does not pay the value of the invoices within 30 days from the Payment is made within 30 calendar days from the date of issuance of the
due date, he owes penalties equal to the level of interest charged for late invoice.
Add. no. 2/ 18 Apr 2019 payment of debts to the state budget, for each day of delay, starting with the
first day after maturity and payment in full, including the day of payment.
The amount of the penalties cannot exceed the value of the invoice.
Convention 254 / 24 Apr 2021 Re-invoicing utilities 1 March 2021 28 February 2022 N/A If the invoices are not honored within the stipulated term, the supplier is The payment term is 15 days from the date of registration of the documents
28.65 entitled to claim penalties of 0.02% for each day of delay, calculated at the re-invoiced by CN de Transport a Energiei Electrica Transelectrica SA.
amount of the unpaid amount. The value of the calculated penalties may not
exceed the amount of the unpaid amount
Total executed amount during 24 August - 14 December 2021: RON 205,472.15 th.
Due and not due mutual receivables of EFSA to TEL at 13.12.2021: RON 26,105.81
th.
Due and not due mutual debts of EFSA to TEL at 13.12.2021: RON 3.99 th.
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