REG - Soc EnergElectricaSA - Transactions related parties - SDTN and EFSA

Societatea Energetica Electrica SAAnnouncement

01/10/2020 17:15

RNS Number : 8758A
  
Societatea Energetica Electrica SA
  
01 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:  1 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 Societatea de Distributie a Energiei Electrice Transilvania Nord (SDTN) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 30 September 2020, of several transactions between SDTN and EFSA, Electrica's subsidiaries, based on services agreements  and conventions without fix price, 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 on 30 September 2020 by SDTN, as services provider, with EFSA, as beneficiary, containing information about the date of execution, type of transactions, description of their scope, total value of the transactions, 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 SDTN with EFSA on 30 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: SDTN   
Beneficiary: EFSA



Parties of the transaction


Agreement Type and No., execution date


Scope of the agreement


Amount (RON th.)


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties  


Payment due dates and payment methods




SDTN and EFSA


Convention 50277/22 Feb 2016, AD 52630A/10 Oct 2019 - Bistrita                   


Re-invoicing utilities expenses


6.77


22 February 2016


31 December 2023


0


For delays in the payment of the invoice longer than 30 days from the due date, the lessor has the right to charge, and the lessee has the obligation to pay, late payment penalties in amount of 0.03% applied to the amount due for each calendar day of delay, starting with the first day after due-date. The value of the penalties will not exceed the value of the outstanding debt


Payment is made within 10 days from the date of registration of the invoice to the tenant.




Convention 30728/22 Feb 2016, AD 1159/16 Jul 2020 - Oradea 


7.05




Convention E12.2.59/08.03.2011 - utilities breakdown  headquarters Oradea


1.50




Convention 60380/22 Feb 2016, AD 60376A/15 Feb 2019 - Satu Mare  


2.73




Convention 1193/9 Jan 2017,

AD 406/4 Mar 2019 - Baia Mare


1.99


9 January 2017




Convention 70022/5 Jan 2017, AD 71117A/18 Jul 2018 - Zalau


0.38


5 January 2017




SDTN and EFSA


487/29 Aug 2007;

AA 42/17 Dc 2019 Contract without fix price


Telecommunications services


33.11 


1 August 2007


31 December 2020


0 


The beneficiary will pay, beside the amount due, a penalty to this amount, corresponding as a percentage of the interest due for non-payment on time of the obligations to the state budget, for each day of delay compared to the due date, until the day of payment (exclusively). 


Payment is made within 30 working days from the date of receipt of the invoice. Payment of invoices can also be made by compensation in compliance with the legislation in force.




Total transactions amount (RON th.):


53.52


 
















 
 
Due and not due mutual receivables of SDTN from EFSA at 29.09.2020: RON 39,481.05 th. 
Due and not due mutual debts of SDTN to EFSA at 10.09.2020: RON 544.67 th.
 

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