REG - Soc EnergElectricaSA - Transactions related parties - SDMN, SDTS and EFSA

Societatea Energetica Electrica SAAnnouncement

08/10/2020 17:30

RNS Number : 5664B
  
Societatea Energetica Electrica SA
  
08 October 2020
  
 

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:  8 October 2020
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. 923 para (12) of Law No. 24/2017 concluded by two distribution companies and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, between 7-8 October 2020, of several transactions between Societatea de Distributie a Energiei Electrice Transilvania Sud (SDTS) and EFSA, respectively between Societatea de Distributie a Energiei Electrice Muntenia Nord (SDMN) and EFSA, Electrica's subsidiaries, transactions that have a value that, cumulated with the rest of the transactions concluded/executed in the last 12 months, exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, respectively exceeds the value of RON 199,406,795. 
Details regarding the transactions concluded between 7-8 October 2020 by SDTS and SDMN, as services providers, with EFSA, as beneficiary, 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 SDTS with EFSA on 7 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Services provider: SDTS        
Beneficiary: EFSA



Parties of the transaction


Agreement Type and No., execution date


Scope of transactions


Amount of transaction (RON th.)


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties 


Payment due dates and payment methods




SDTS and EFSA TS 
 


C-3831/D/700/ 15 Mar 2016 and AA8/18 Jun 2020
Contract without fix price


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator 


28,788.39


15 March 2016


N/A


0


0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive).


Payment is made within 10 working  days from the date of receipt of the invoice. There are 30 days of grace period.




Transactions total amount (RON th.):


28,788.39


 



 
Due and not due mutual debts of EFSA to SDTS at 06.10.2020: RON 35,537.10 th.
Due and not due mutual debts of SDTS to EFSA at 06.10.2020: RON 528.29 th.
 
 
 
 
 
 
 
 
 
 
Details regarding the transactions concluded by SDMN with EFSA between 7-8 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Services provider: SDMN      
Beneficiary: EFSA



Parties of the transaction


Agreement Type and No., execution date


Scope of the transactions


Amount of transactions (RON th.)


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties  


Payment due dates and payment methods




SDMN and EFSA MN


R102263 / 30 Mar 2016
Contract without fix price


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator - Other services provided as a distribution operator - interventions in the distribution network


5.93


1 April 2016


N/A


0


0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period


Payment is made within 30  days from the date of issuance of the invoice




SDMN and EFSA MN


10335/1 Aug 2007


Re-invoicing common expenses


13.80


1 August 2007


31 August 2021


0


0.01% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)


Payment is made within 30 days from the date of registration of the invoice by the beneficiary




4914/20 Mar 2019;     17831/17 Feb 2020; 26497/10 Mar 2020


1.31


1 March 2019
1 February 2020


31 January 2021


0


Payment is made within 30 days from the date of issuance of the invoice




SDMN and EFSA MN


2630/1 Mar 2018, contract without fix price


Re-invoicing common expenses (security services)


2.38


1 March 2018


N/A


0


0.01% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)


Payment is made within 30 days from the date of the issuance of the invoice.




SDMN and EFSA MN


580/108/27 Sept 2007
Contract without fix price
 
 


Optical fiber rental


1.96


1 August 2007


31 December 2020


0 


0.001% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period 


Payment is made within 10 working days from the date of registration of the invoice by the beneficiary.




Telecommunications services


8.83


Payment is made within 60 days from the date of registration of the invoice by the beneficiary.




Re-invoicing telecommunications services


4.33


Payment is made within 10 working days from the date of registration of the invoice by the beneficiary.




SDMN and EFSA MN


R4990/31 Oct 2012
Contract without fix price


IT services


117.95


1 November 2012


31 December 2020


0


0.6% calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)


Payment is made within 60 days from the date of registration of the invoice by the beneficiary.




Transactions total amount (RON th.):


156.47


 



 
Due and not due mutual debts of EFSA to SDMN at 06.10.2020: RON 49,208.78 th.
Due and not due mutual debts of SDMN to EFSA at 06.10.2020: RON 659.09 th.
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
MSCMPBFTMTTMBRM