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

Societatea Energetica Electrica SAAnnouncement

16/11/2020 16:20

RNS Number : 4828F
  
Societatea Energetica Electrica SA
  
16 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:  16 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 with related parties according to Art. 923 para (12) of Law No. 24/2017 concluded by two distribution companies and Electrica Furnizare S.A. (EFSA), subsidiaries of Societatea Energetica Electrica S.A. (Electrica)
Electrica informs its shareholders and investors about the conclusion, in the period 13-15 November 2020, of several transactions between Societatea de Distributie a Energiei Electrice Transilvania Nord S.A. (SDTN) and EFSA, respectively between Societatea de Distributie a Energiei Electrice Muntenia Nord S.A. (SDMN) and EFSA, Electrica's subsidiaries, 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 in the period 13-15 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 transactions concluded by SDTN with EFSA between 13-15 November of the kind listed in Art. 923 of Law No. 24/2017
Services provider: SDTN
Beneficiary: EFSA



Parties of the transaction


Agreement Type and No., execution date


Scope of the 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




SDTN and EFSA


Agreement 22/15 Feb 2018 and Concession contract 61/4 Apr 2018


Providing  representation service as the Party Responsible for Balancing


                                        (4.21)


AFFTN9710008293/13.11.2020                                            AFFTN9710008294/13.11.2020 


27 February 2018


31 December 2020, with the possibility of extension without completing any formality, for periods of 12 months, if neither party requests the cancellation of the contract at least 30 days before the expiration of its duration


0 


Interest due for not paying the obligations to the state budget in due time, applied starting with the first day after the due date; (Percentage valid at the date of reporting: 0.02%)
If the provider fails to fulfill its obligations under the contract, the purchaser has the right to deduct from the tariff established by the contract, as penalties, an amount equivalent to a percentage of 1.5% of the monthly tariff


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




SDTN and EFSA TN


103 / 10 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 


                                                                34,324.51 


AFFTN9710008299/15.11.2020                                             AFFTN9710008300/15.11.2020


1 April 2016


N/A


0


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 (exclusively). The total amount of penalty interest may not exceed the amount due. There are 30 days of grace period. (Percentage valid at the date of reporting: 0.02%)


The issuing of the invoice with the  amount for the contractual month ended is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of receipt of the invoice.




SDTN and EFSA


487/29 Aug 2007;

AA 42/17 Dec 2019 
 


Re- invoicing communications services


0.02


BNFTN9510082954 /13.11.2020                                         SMFTN9410102593/13.11.2020 


1 August 2007


31 December 2020


0 


The beneficiary will pay, beside the amount due, a penalty to this amount, corresponding as a percentage of the interest due for non-payment on time of the obligations to the state budget, for each day of delay compared to the due date, until the day of payment (exclusively). 


Payment is made within 30 working days from the date of receipt of the invoice. Payment of invoices can also be made by compensation in compliance with the legislation in force.




SDTN and EFSA


Convention 50277/22 Feb 2016, AD 52630A/10 Oct 2019, AA 53229 A/ 20 oct 2020  - Bistrita                   


 
Re-invoicing utilities expenses


7.93


BNFTN9510082952/13.11.2020


1 February 2016


31 December 2023


0


For delays in the payment of the invoice longer than 30 days from the due date, the lessor has the right to charge, and the lessee has the obligation to pay, late payment penalties in amount of 0.03% applied to the amount due for each calendar day of delay, starting with the first day after due-date. The value of the penalties will not exceed the value of the outstanding debt


Payment is made within 10 days from the date of registration of the invoice to the tenant.




Convention 17/ 28 Feb 2019 - Cluj


9.01


CJFTN9110270313/13.11.2020


1 March 2019




Convention 70022/5 Jan 2017, AD 71117A/18 Jul 2018 - Zalau


1.15


SJFTN9610057768/13.11.2020


1 January 2017




Conventio no. 60380/22 Feb 2016, AD6/60376A/404/15 Feb 2019 - Satu Mare


21.69


SMFTN9410102601/13.11.2020


1 February 2016


Penalties equal to the level of the increase in amounts due to the state budget, due to not paying at due date the fiscal obligations; are applied after 30 days from the due date




Transactions total amount (RON th.):


34,360.11






















 




















Due and not due mutual debts of EFSA to SDTN at 12.11.2020: RON 38,002.12 th.
Due and not due mutual debts of SDTN to EFSA at 12.11.2020: RON 781.50 th.
Details regarding the transactions concluded by SDMN with EFSA on 13 November 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: SDMN         
Beneficiary: EFSA



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




SDMN and EFSA


21/15 Feb 2018


Balancing Market


(80.70)


7190001439/ 13.11.2020 


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


39,028.34


7190001440/
13.11.20207190001441/
13.11.2020


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 10 working days from the date of receipt of the invoice. 




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


5.87


7090002484/
13.11.2020;


Payment is made within 30  days from the date of issuance of the invoice




SDMN and EFSA TS


R106538/7 Jul 2015


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


10.38


2190010223/
13.11.2020;


1 August 2015


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 10 working days from the date of receipt of the invoice. 




R106673/11 Jul 2015


11.40


4190009012/
13.11.2020;




R107111/27 Jul 2015


6.89


3190011971/
13.11.2020;




R107203/28 Jul 2015


61.71


1190018964/
13.11.2020;




R107421/31 Jul 2015


16.38


5190009579/
13.11.2020;




R107426/31 Jul 2015


27.54


6190011200/
13.11.2020;




SDMN and EFSA TN


R110808/5 Nov 2015


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


4.82


2190010222/
13.11.2020;


1 December 2015


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 10 working days from the date of receipt of the invoice. 




R111559/25 Nov 2015


2.23


6190011199/
13.11.2020;




R112463/15 Dec 2015


2.83


3190011970/
13.11.2020;


1 January 2016




R112651/16 Dec 2015


30.80


1190018963/
13.11.2020;




R112798/18 Dec 2015


4.60


5190009578/
13.11.2020;




R112920/21 Dec 2015


3.37


4190009013/
13.11.2020;




SDMN and EFSA MN


R4990/31 Oct 2012


IT services


116.95


7090002485/
13.11.2020;


1 November 2012


31 December 2020


0 


0.6% calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)


Payment is made within 60 days from the date of registration of the invoice by the beneficiary.




Re-invoicing IT services


22.01


7390000528/
13.11.2020; 7390000529/
13.11.2020;






0.04% calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)








SDMN and EFSA MN


580/108/27 Sept 2007


Re-invoicing communica-tions services


2.37


7390000530/
13.11.2020;
3390000947/
13.11.2020;
5390001907/
13.11.2020;


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 60 days from the date of registration of the invoice by the beneficiary.




Transactions total amount (RON th.):


39,296.69






 



 
Due and not due mutual debts of EFSA to SDMN at 12.11.2020: RON 46,062.09 th. 
Due and not due mutual debts of SDMN to EFSA at 12.11.2020: RON 690.18 th.
 

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