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

Societatea Energetica Electrica SAAnnouncement

12/10/2020 15:55

RNS Number : 8325B
  
Societatea Energetica Electrica SA
  
12 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:  12 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, on 9 October 2020 and on 12 October 2020, of several transactions between Societatea de Distributie a Energiei Electrice Transilvania Nord (SDTN) and EFSA, respectively between Societatea de Distributie a Energiei Electrice Transilvania Sud (SDTS) 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 on 9 October 2020 and on 12 October 2020 by SDTN and SDTS, 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 SDTN with EFSA on 9 October 2020 and on 12 October 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.)


Invoice Number


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties  


Payment due dates and payment methods




SDTN and EFSA TN


103 / 10 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 


31,444. 48


Invoices AFFTN9710008178 and
AFFTN9710008177 dated 9.10.2020
Invoice AFFTN9710008202 / 12.10.2020


1 April 2016


N/A


0


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 (exclusively). The total amount of penalty interest may not exceed the amount due. There are 30 days of grace period. (Percentage valid at the date of reporting: 0.02%)


The issuing of the invoice with the  amount for the contractual month ended is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of receipt of the invoice.




Other services provided as a distribution operator - interventions in the distribution network


9.77


CJFTN9110267167;
BHFTN9210159163; BHFTN9210159165;
MMFTN9310162129;
SMFTN9410101740;
BNFTN9510082166;
SJFTN9610057268
dated 9.10.2020




SDTN and EFSA TS


30275 / 30 Sept 2015
33802 / 1 Jul 2015
43670 / 17 Nov 2015
426/SM/ 30 Dec 2015
10019 BN/1 Oct 2015
71107 / 11 Aug 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 


73.09


AFFTN9710008149
dated 9.10.2020


1 October 2015
1 July 2015
1 December 2015
1 January 2016
1 October 2015
1 September 2015


N/A


0


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 (exclusively). The total amount of penalty interest may not exceed the amount due. There are 30 days of grace period. (Percentage valid at the date of reporting: 0.02%)


The issuing of the invoice with the  amount for the contractual month ended is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of receipt of the invoice.




SDTN and EFSA MN


32476 / 9 Dec 2015
33799 / 1 Jul 2015
43264 / 20 Oct 2015
425/SM/ 23 Dec 2015
10018 BN/1 Jul 2015
70866 / 1 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


375.45


AFFTN9710008147
dated 9.10.2020


1 January 2016
1 July 2015
11 November 2015
1 January 2016
1 July 2015
1 July 2015


N/A


0


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 (exclusively). The total amount of penalty interest may not exceed the amount due. There are 30 days of grace period. (Percentage valid at the date of reporting: 0.02%)


The issuing of the invoice with the  amount for the contractual month ended is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of receipt of the invoice.




SDTN and EFSA MN


425/SM/ 23 Dec 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 - Other services provided as a distribution operator - interventions in the distribution network


0.55


SMFTN9410101743
dated 9.10.2020


1 January 2016


N/A


0


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 (exclusively). The total amount of penalty interest may not exceed the amount due. There are 30 days of grace period. (Percentage valid at the date of reporting: 0.02%)


The issuing of the invoice with the  amount for the contractual month ended is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of receipt of the invoice




Transactions total amount (RON th.):


31,903.71


 



 
Due and not due mutual debts of EFSA to SDTN at 08.10.2020: RON 39,530.29 th. 
Due and not due mutual debts of SDTN to EFSA at 08.10.2020: RON 624.74 th.
 
 
 
 
Details regarding the transactions concluded by SDTS with EFSA on 9 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service 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 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 AA2/1 Aug 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 as distribution operator


3.15  


4090057270


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 30  days from the date of receipt of the invoice




Transactions total amount (RON th.):


3.15






 



 
Due and not due mutual debts of EFSA to SDTS at 08.10.2020: RON 69,771.04 th.
Due and not due mutual debts of SDTS to EFSA at 08.10.2020: RON 682.31 th.
 
 

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