Societatea Energetica Electrica SA logo

ELSA - Societatea Energetica Electrica SA News Story

$9 0.0  0.0%

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 - TEL and EFSA

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCFEWFFEESSESE
© Stockopedia 2022, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.