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

Societatea Energetica Electrica SAAnnouncement

04/11/2020 07:01

RNS Number : 2092E
  
Societatea Energetica Electrica SA
  
04 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: 3 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 concluded by Electrica Furnizare S.A. (EFSA), subsidiary of Societatea Energetica Electrica S.A. (Electrica), with OPCOM 
Electrica informs its shareholders and investors about the conclusion, between 2-3 November 2020, of several transactions between EFSA, Electrica's subsidiary, and OPCOM, 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 between 2-3 November 2020, containing information about the date of execution, type of transaction, description of its scope, total value of the transaction, 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 OPCOM between 2-3 November 2020 of the kind listed in Art. 923 of Law No. 24/2017






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 (RON th.)


Payment due dates and payment methods




 


Buyer: EFSA
Seller: OPCOM




OPCOM and EFSA 


Convention No. 11426 / 25 Aug 2011


Sell - purchase  of electricity - DAM 


10,036.48  


 
0014061/ 31.10.2020


25 August 2011


N/A
 


25,000


 


Invoices are issued on the last day of the delivery month. Payment is made until the 10th calendar day of the following month




Trading tariff - DAM


12.82


0009597/ 31.10.2020




OPCOM and EFSA


Convention PCCB-NC 3876/2015
Convention PCCB-LE 3878/2015
Convention PCCB LE FLEX 26829/2020
Convention PC OTC 19546/2014
Convention PC SU 14098/2018
Convention PI/2017;
Convention PVC 90958/2017
Convention PC ESRE CV 6235/2019


Trading tariff - IM


0.02


0009310/ 31.10.2020


19 January 2015
 
19 January 2015
 
26 May 2020
 
2 April 2014
 
20 April 2018
19 January 2017
11 October 2017
30 September 2019
 


N/A
 


3,500


 


Invoices are issued on the last day of the delivery month. Payment is made until the 10th calendar day of the following month




 


Buyer: OPCOM
Seller: EFSA




EFSA and OPCOM 


Convention No. 11426 / 25 Aug 2011


Amount of sale of electricity  - DAM


4,440.04  


EFSA202010000028 /31.10.2020


25 August 2011


N/A


 


 


Invoices are issued on the last day of the delivery month. Payment is made until the 10th calendar day of the following month




EFSA si OPCOM


Convention for Participation on the Intraday Market / 19 Jan 2017 


Amount of sale of electricity  - IM


1.52


EFSA202010000031/ 31.10.2020


19 January 2017


N/A


 


 


Invoices are issued on the last day of the delivery month. Payment is made until the 10th calendar day of the following month of delivery.




Total transactions amount (RON th.):


14,490.88


 


 




 
Due and not due mutual receivables of EFSA to OPCOM at 30.10.2020: RON (1,219.38)* th.
Due and not due mutual debts of EFSA to OPCOM at 30.10.2020: RON (6,218.38)* th.
 
*The negative balance as per 30.10.2020 is due to the receipts / payments made during the month, in relation to the transactions carried out on the DAM, according to OPCOM's procedure regarding settlement of transactions carried out on DAM
 
 

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