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

Societatea Energetica Electrica SAAnnouncement

26/10/2020 14:55

RNS Number : 2337D
  
Societatea Energetica Electrica SA
  
26 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:  26 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 between two distribution companies and Electrica Furnizare S.A. (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 23 October 2020, of several transaction between Societatea de Distributie a Energiei Electrice Transilvania Nord SA (SDTN) and EFSA, respectively between Societatea de Distributie a Energiei Electrice Transilvania Sud SA (SDTS) 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 transaction concluded on 23 October 2020, containing information about the date of execution, type of transactions, description of its 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 transaction concluded by SDTN and EFSA on 23 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider/seller: SDTN
Beneficiary/buyer: EFSA



Parties of the transactions


Agreement Type and No., execution date


Scope of  transactions


Amount of transactions (RON th.)


Invoice Number / Date


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties  


Payment due dates and payment methods




SDTN and EFSA


22/15 Feb 2018 and Concession contract 61/
4 Apr 2018
 


Representation service as the Party Responsible for Balancing


228.31


AFFTN9710008218 / 23.10.2020                                              AFFTN9710008219 / 23.10.2020


27 February 2018


31 December 2020, with the possibility of extension without completing any formality, for periods of 12 months, if neither party requests the cancellation of the contract at least 30 days before the expiration of its duration


0 


Interest due for not paying the obligations to the state budget in due time, applied starting with the first day after the due date; (Percentage valid at the date of reporting: 0.02%)
If the provider fails to fulfill its obligations under the contract, the purchaser has the right to deduct from the tariff established by the contract, as penalties, an amount equivalent to a percentage of 1.5% of the monthly tariff


Payment is made within 3 working days from the date of receipt of the invoice




Transactions total amount (RON th.):


228.31






















 




















 
 
Due and not due mutual debts of EFSA to SDTN at 22.10.2020: RON 39,090.07 th.
Due and not due mutual debts of SDTN to EFSA at 22.10.2020: RON 949.48 th.
 
 
 
 
 
 
 
 
Details regarding the transaction concluded by SDTS and EFSA on 23 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider/seller: SDTS
Beneficiary/buyer: EFSA



Parties of the transactions


Agreement Type and No., execution date


Scope of transactions


Amount of transactions (RON th.)


Invoice Number / Date


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties 


Payment due dates and payment methods




SDTS and EFSA


C - 1782/S/7000/31 Jan 2018,

C - 6153/N/7000 / 23 Mar 2018,

AA1 -C18197/S/7000/31 Aug 2018,

AA2 -C895/S/7000/17 Jan 2019,

AA3 -C14639/S/7000/23 Jul 2019,

AA4 -C25100/S/7000/29 Nov 2019,

AA5 -C2027/S/7000/31 Jan 2020


Providing the representation service as Balancing Responsible Party  


287.08


7090002836 /23.10.2020


1 February 2018


31 January 2021


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 3 working days from the date of sending the invoice 




SDTS and EFSA


C-3831/D/700/ 15 Mar 2016 and AA2/1 Aug 2016


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 - Providing other services as distribution operator


0.71


3090100268 /23.10.2020


15 March 2020


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 30  days from the date of receipt of the invoice




Transactions total amount (RON th.):


287.80


 



 
Due and not due mutual debts of EFSA to SDTS at 22.10.2020: RON 35,273.81 th.
Due and not due mutual debts of SDTS to EFSA at 22.10.2020: RON 951.20 th.
 

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