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

Societatea Energetica Electrica SAAnnouncement

22/12/2020 11:10

RNS Number : 5373J
  
Societatea Energetica Electrica SA
  
22 December 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 December 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 reported according to Art. 923 para (12) of Law No. 24/2017  
Electrica informs its shareholders and investors about the conclusion, on 21 December 2020, of several transaction between Electrica Furnizare SA (EFSA) and Transelectrica SA (TEL), 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 transactions concluded on 21 December 2020, 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 EFSA with TEL on 21 December 2020 of the kind listed in Art. 92^3 of Law No. 24/2017
Buyer: EFSA
Seller: TEL
 



Parties of the transactions


Agreement Type and No., execution date


Scope of the agreement


Amount of transactions (RON th.)


Invoice Number / Date


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties (RON th.)


Payment due dates and payment methods










TEL and EFSA 


Convention no. 416 / 20 Dec 2013


Electricity transmission


24,315.60


3430/19.12.2020
3281/18.12.2020
3282/18.12.2020
1480/19.12.2020
1463/18.12.2020
1522/19.12.2020
1509/18.12.2020


20 December 2013


20 December 2023


22,600


0


Payment is made within a maximum of 10 working days from receipt of the invoice, to which is added 5 days of grace.




Transactions' total amount (RON th.):


24,315.60


 



Due and not due mutual receivables of EFSA to TEL at 17.12.2020: RON 46.47 th.
Due and not due mutual debts of EFSA to TEL at 17.12.2020: RON 13,832.93 th.

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