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

Societatea Energetica Electrica SAAnnouncement

15/10/2020 15:40

RNS Number : 2481C
  
Societatea Energetica Electrica SA
  
15 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:  15 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, in the period 14 - 15 October 2020, of several transactions between Societatea de Distributie a Energiei Electrice Transilvania Sud SA (SDTS) and EFSA, respectively between Societatea de Distributie a Energiei Electrice Muntenia Nord SA (SDMN) and EFSA, Electrica's subsidiaries, 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 in the period 14 - 15 October 2020 by SDTS and SDMN, as services providers, 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 SDTS with EFSA on 14 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.)


Invoice number/
date


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties 


Payment due dates and payment methods




SDTS and EFSA TN 


C-12310/D/700/29 Jul 2015


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 


43.27


7190009522/14.10.2020


29 July 2015


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 10 working days from the date of receipt of the invoice. 




C-12445/D/700/30 Jul 2015


30 July 2015


N/A




C-16355/D/700/30 Sept 2015


30 September 2015


N/A




C-22054/D/700/21 Dec 2015


21 December 2015 


N/A




C-22271/D/700/22 Dec 2015


22 December 2015


N/A




C-22578/D/700/29 Dec 2015


29 December 2015


N/A




SDTS and EFSA MN 


C-14893/D/700/09 Sept 2015


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 


398.76


7190009521/14.10.2020


9 September 2015


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 10 working days from the date of receipt of the invoice. 




C-16091/D/700/28 Sept 2015


28 September 2015


N/A




C-22046/D/700/21 Dec 2015


21 December 2015


N/A




C-22050/D/700/21 Dec 2015


21 December 2015


N/A




C-22255/D/700/22 Dec 2015


22 December 2015


N/A




C-22562/D/700/29 Dec 2015
 


29 December 2015


N/A




Transactions total amount (RON th.):


442.04






 
















 
Due and not due mutual debts of EFSA to SDTS at 13.10.2020: RON 69,769.65 th.
Due and not due mutual debts of SDTS to EFSA at 13.10.2020: RON 821.34 th.
Details regarding the transactions concluded by SDMN with EFSA in the period 14 - 15 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: SDMN         
Beneficiary: EFSA



Parties of the transaction


Agreement Type and No., execution date


Scope of transactions


Amount of transaction (RON th.)


Invoice number/
date


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


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


38,181.17


7190001430/ 14.10.2020; 7190001433/ 14.10.2020
 


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 10 working days from the date of receipt of the invoice. 




SDMN and EFSA TS


R106538/7 Jul 2015


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


10.26


2190010151/ 14.10.2020


1 August 2015


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 10 working days from the date of receipt of the invoice. 




R106673/11 Jul 2015


10.78


4190008975/ 14.10.2020




R107111/27 Jul 2015


-0.50


3190011900/ 14.10.2020




R107203/28 Jul 2015


63.37


1190018908/ 14.10.2020




R107421/31 Jul 2015


15.96


5190009508/14.10.2020




R107426/31 Jul 2015


25.80


6190011136/ 14.10.2020




SDMN and EFSA TN


R110808/5 Nov 2015


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


8.00


2190010150/ 14.10.2020


1 December 2015


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 10 working days from the date of receipt of the invoice. 




R111559/25 Nov 2015


2.10


6190011135/ 14.10.2020




R112463/15 Dec 2015


7.36


3190011899/ 14.10.2020


1 January 2016




R112651/16 Dec 2015


31.19


1190018907/ 14.10.2020




R112798/18 Dec 2015


5.44


5190009507/14.10.2020




R112920/21 Dec 2015


4.70


4190008976/14.10.2020




SDMN and EFSA


21/15 Feb 2018


Balancing Market


0.28


7190001434/15.10.2020


1 February 2018


31 January 2021


0 


0.01% penalty interest as a percentage of the interest due for non-payment on time of the contractual obligations, calculated for each day of delay starting with the 30th day after the due date until the day of payment


Payment is made within 3 working days from the date of receipt by email / fax




Transactions total amount (RON th.):


38,365.91






 



 
Due and not due mutual debts of EFSA to SDMN at 13.10.2020: RON 49,455.07 th. 
Due and not due mutual debts of SDMN to EFSA at 13.10.2020: RON 741.90 th.
 

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