REG - Soc EnergElectricaSA - Transactions reported acc. to Romanian law

Societatea Energetica Electrica SAAnnouncement

23/10/2020 16:20

RNS Number : 1050D
  
Societatea Energetica Electrica SA
  
23 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:  23 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 reported according to Art. 923 para (12) of Law No. 24/2017  
Electrica informs its shareholders and investors about the conclusion, in the period 22 - 23 October 2020, of several transaction between:
-     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) and Electrica Furnizare SA (EFSA), 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 transaction concluded in the period 22 - 23 October 2020, containing information about the date of execution, type of transactions, description of its 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 SDTN and EFSA on 22 October 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 the agreement


Amount (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


57.17


5816 / 22.10.2020


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.):


57.17






















 


















 
 
Due and not due mutual debts of EFSA to SDTN at 21.10.2020: RON 39,591.03 th.
Due and not due mutual debts of SDTN to EFSA at 21.10.2020: RON 881.45 th.
 
 
Details regarding the transaction concluded by SDTS and EFSA on 22 October 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 SDTS


23/15 Feb 2018


Providing representation service as Balancing Responsible Party 


23.22


5817 / 22.10.2020


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.):


23.22


 



 
Due and not due mutual debts of EFSA to SDTS at 21.10.2020: RON 70,586.49 th.
Due and not due mutual debts of SDTS to EFSA at 21.10.2020: RON 923.57 th.
 
Details regarding the transactions concluded by EFSA with SDMN on 22-23 October 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 the transactions


Amount (RON th.)


Invoice Number / Date


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties 


Payment due dates and payment methods


 




Services provider: SDMN
Beneficiary: EFSA




SDMN and EFSA


21/15 Feb 2018


Balancing Market


2,161.89


7190001437/23.10.2020


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


 




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


5.35


7090002469/22.10.2020


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 30  days from the date of issuance of the invoice


 




SDMN and EFSA MN


580/108/27 Sept 2007


Re-invoicing telecommunications services


0.79


2390000205/22.10.2020
2650000101/23.10.2020


1 August 2007


31 December 2020


0 


0.001% of the unpaid amount, 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 by the beneficiary


 




Services provider: EFSA
Beneficiary: SDMN


 




EFSA and SDMN


21/15 Feb 2018


Representation service as the Party Responsible for Balancing


116.19


5772 / 22.10.2020


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.):


2,284.22






















 





















 
Due and not due mutual debts of EFSA to SDMN at 21.10.2020: RON 94,783.38 th.
Due and not due mutual debts of SDMN to EFSA at 21.10.2020: RON 817.43 th.
 
Details regarding the transactions concluded by EFSA with TEL on 22-23 October 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 the agreement


Amount (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.


6,350.74 


1609 / 22.10.2020

1592 / 22.10.2020


1 September 2020


N/A


6,911


0


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




TEL and EFSA 


Convention no. 416 / 20 Dec 2013


Electricity transport


21,953.27


2899 / 22.10.2020
1228 / 22.10.2020
1312 / 23.10.2020
1248 / 22.10.2020
1347 / 23.10.2020
2724 / 22.10.2020
2716 / 22.10.2020


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.




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.


1,490.92


5828 / 22.10.2020

5829 / 22.10.2020

5830 / 22.10.2020


1 September 2020


N/A


0


0


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




EFSA and TEL


Contract no. 501 / 24 Oct 2016 and AD1 / 31 Oct 2019 
Contract with fix price


Buildings rental services


Amount to be executed:
102.85


N/A


24 Octomber 2016


30.09.2021, with possibility of automatic extension with successive periods of 12 months, in case neither party denounces it unilaterally


0


0.03% for each day of delay, computed on the due amounts, starting from the due date until the date of full debt recovery


Payment will be made, by payment order ,within 30 days from the date of receipt of the invoice by the tenant.
The rent does not include the expenses representing the monthly consumption of electricity, heating, water, sanitation,
  current repairs and interventions and other expenses related to the utilities used by the tenant.




Transactions' total amount (RON th.):


29,794.93


 




Total amount to be executed (RON th.):


102.85


 



 
Due and not due mutual receivables of EFSA to TEL at 21.10.2020: RON 18.94 th.
Due and not due mutual debts of EFSA to TEL at 21.10.2020: RON -53.06 th.
 

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