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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 £572.1m
Enterprise Value £682.8m
Revenue £1.14bn
Position in Universe 575th / 1804

Soc EnergElectricaSA - Transactions related parties - SDTS and EFSA

RNS Number : 9547C
Societatea Energetica Electrica SA
22 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:  22 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 Sud SA (SDTS) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)

Electrica informs its shareholders and investors about the conclusion, on 21 October 2020, of a transaction between SDTS and EFSA, Electrica's subsidiaries, transaction that has 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 21 October 2020 by SDTS, as supplier, with EFSA, as buyer, 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 transaction concluded by SDTS with EFSA on 21 October 2020 of the kind listed in Art. 923 of Law No. 24/2017

Supplier: SDTS          

Buyer: EFSA

Parties of the transaction

Agreement Type and No., execution date

Scope of transactions

Amount of transaction (RON th.)

Invoice number

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 representation service as Balancing Responsible Party (BRP)

 

BRP monthly settlement - correction for August 2020

(0.24)  

7090002835/ 21.10.2020

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

Transactions total amount (RON th.):

(0.24)

 

 

Due and not due mutual debts of EFSA to SDTS at 20.10.2020: RON 70,587.39 th.

Due and not due mutual debts of SDTS to EFSA at 20.10.2020: RON 815.48 th.

 

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