REG - Soc EnergElectricaSA - Transactions reported acc. art. 92 3 Law 24/2017

Societatea Energetica Electrica SAAnnouncement

13/11/2020 13:00

RNS Number : 3067F
  
Societatea Energetica Electrica SA
  
13 November 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:  13 November 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 12 November 2020, of several transaction between:
-     Electrica Furnizare SA (EFSA) and Societatea de Distributie a Energiei Electrice Transilvania Nord SA (SDTN), Societatea de Distributie a Energiei Electrice Transilvania Sud SA (SDTS), Societatea de Distributie a Energiei Electrice Muntenia Nord SA (SDMN), Electrica's subsidiaries;
-     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 12 November 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 transaction concluded by EFSA with SDTN on 12 November 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: EFSA
Beneficiary: SDTN



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




EFSA and SDTN


22/15 Feb 2018


Representation service as the Party Responsible for Balancing


1.25


5865 / 12.11.2020


1 January 2018


31 December 2020 with automatic renewal  


0


0


Payment is made within 3 working days from the date of receipt of the invoice




Transactions total amount (RON th.):


1.25






















 




















 
 
Due and not due mutual debts of EFSA to SDTN at 11.11.2020: RON 38,004.49 th.
Due and not due mutual debts of SDTN to EFSA at 11.11.2020: RON 780.00 th.
 
 
Details regarding the transaction concluded by EFSA with SDTS on 12 November 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: EFSA
Beneficiary: SDTS



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




EFSA and SDTS


23/15 Feb 2018


Providing representation service as Balancing Responsible Party 


(0.09)*


5844 / 12.11.2020


1 February 2018


31 January 2021


0


0


Payment is made within 3 working days from the date of receipt of the invoice




Transactions total amount (RON th.):


(0,09)


 



* The invoice includes reversal of PRE EFSA services - variable and fixed tariffs of September 2020, according to the contract, as well as reversal of negative imbalance on the Balancing Market in September 2020
Due and not due mutual debts of EFSA to SDTS at 11.11.2020: RON 72,614.73 th.
Due and not due mutual debts of SDTS to EFSA at 11.11.2020: RON 762.01 th.
 
Details regarding the transactions concluded by EFSA with SDMN on 12 November 2020 of the kind listed in Art. 923 of Law No. 24/2017
Services provider: EFSA   
Beneficiary: SDMN



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




EFSA and SDMN


21/15 Feb 2018


Representation service as the Party Responsible for Balancing


(3.81)*


5879 / 12.11.2020


1 February 2018


31 January 2021


0


0


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




Transactions total amount (RON th.):


(3.81)






















 




















* the invoice includes reversal of PRE EFSA services - variable and fixed tariffs of September 2020, according to the contract
 
Due and not due mutual debts of EFSA to SDMN at 11.11.2020: RON 46,146.36 th.
Due and not due mutual debts of SDMN to EFSA at 11.11.2020: RON 855.75 th.
 




 
Details regarding the transactions concluded by EFSA and TEL on 12 November 2020 of the kind listed in Art. 92^3 of Law No. 24/2017
 



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 (RON th.)


Payment due dates and payment methods




Buyer: EFSA
Seller: TEL




TEL and EFSA


Convention No. 275 / 19 Oct 2020  Contract without fix price 


Sale and purchase of electricity between the parties, as a result of production / consumption imbalances of BRP that were offset by Transelectrica on the balancing market in accordance with the provisions of the regulations in force.


184.38 


1632 / 12.11.2020

1634 / 12.11.2020
1643 / 12.11.2020
1644 / 12.11.2020


1 September 2020


N/A


6,911


0


Payment is made within a maximum of 5 working days from invoice's issuance date 




Buyer: TEL
Seller: EFSA




EFSA and TEL


Convention No. 275 / 19 Oct 2020  Contract without fix price


Sale and purchase of electricity between the parties, as a result of the production / consumption imbalances of PRE that were offset by Transelectrica on the balancing market in accordance with the provisions of the regulations in force.


28.01


5919 / 12.11.2020

5920 / 12.11.2020

5921 / 12.11.2020


1 September 2020


N/A


0


0


Payment is made within a maximum of 5 working days from invoice's issuance date 




Transactions' total amount (RON th.):


212.39


 



 
Due and not due mutual receivables of EFSA to TEL at 11.11.2020: RON (140.00) th.
Due and not due mutual debts of EFSA to TEL at 11.11.2020: RON 0 th.
 

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