Societatea Energetica Electrica S.A. 9, Grigore Alexandrescu str.
010621 District 1, Bucharest, Romania Phone: 021-208 59 99; Fax: 021-208 59 98 Fiscal Registration Code RO 13267221 J40/7425/2000
Share capital: 3.464.435.970 RON www.electrica.ro
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: 15 September 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
- of Law No. 24/2017 concluded by Societatea de Distributie a Energiei Electrice Transilvania Nord (SDTN) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, in the period 11 and 15 September 2020, of three transactions between SDTN and EFSA, Electrica's subsidiaries, based on several agreements without fix price, 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 11-15 September 2020 by SDTN, as services provider, with EFSA, as beneficiary, 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.
Details regarding the transactions concluded in the last 12 months between the parties, which lead to exceeding, at a cumulative level, the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, have been presented in the Current Report issued on 11 September 2020 (IRIS Code (BSE) CB6E5, respectively RNS Code (LSE) 8107Y).
Chirf Executive Officer
Georgeta Corina Popescu
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Annex 1: Details regarding the transactions concluded between SDTN with EFSA in the period 11-15 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
Parties of | Agreement | Amount | Date of entry | Expiry | Guarantees | Payment due dates and | ||
the | Type and No., | Scope of the agreement | Penalties | |||||
(RON th.) | into force | date | (RON th.) | payment methods | ||||
transaction | execution date | |||||||
Service provider: SDTN
Beneficiary: EFSA
Penalty interest on this amount, | The issuing of the | ||||||||||
Providing electricity | corresponding to the percentage of | invoice with the | |||||||||
distribution service by | interest due for non-payment of | amount for the | |||||||||
Electricity | the distribution operator | obligations | to | the | state budget, | contractual month | |||||
for users, end customers | calculated | for | each | day of delay | ended is made in the | ||||||
distribution | |||||||||||
of the supplier, whose | |||||||||||
SDTN and | service | starting with the first day after the | first 10 working days | ||||||||
installations are | 0.55 | 1 January 2016 | N/A | 0 | |||||||
EFSA MN | agreement no. | due date until the day of payment | of the month following | ||||||||
connected to the | |||||||||||
425/SM / 23 Dec | (exclusive). The total amount of | each contractual month. | |||||||||
electricity network of the | |||||||||||
2015 | penalty interest may not exceed | Payment is made | |||||||||
distribution operator - | |||||||||||
Other services provided | the amount due. There are 30 days | within 10 working days | |||||||||
as a distribution operator | of grace period (Percentage valid | from the date of receipt | |||||||||
at the date of reporting: 0.02%) | of the invoice | ||||||||||
Providing electricity | Penalty interest on this amount, | The issuing of the invoice | |||||||||
distribution service by | corresponding to the percentage of | ||||||||||
the distribution operator | interest due for non-payment of | with the amount for the | |||||||||
for the contractual month | |||||||||||
Electricity | for users, end customers | obligations | to | the | state budget), | ||||||
of the supplier, whose | calculated | for | each | day of delay | ended is made in the first | ||||||
distribution | |||||||||||
installations are | 10 working days of the | ||||||||||
SDTN and | service | starting with the first day after the | |||||||||
connected to the | 1.82 | 1 April 2016 | N/A | 0 | month following each | ||||||
EFSA TN | agreement no. | due date until the day of payment | |||||||||
electricity network of the | contractual month. | ||||||||||
103/ 10 Mar | (exclusive). The total amount of | ||||||||||
distribution operator - | Payment is made within | ||||||||||
2016 | |||||||||||
penalty interest may not exceed | |||||||||||
Other services provided | |||||||||||
10 working days from the | |||||||||||
as a distribution operator | the amount due. There are 30 days | ||||||||||
- interventions in the | of grace period (Percentage valid | date of issuing the | |||||||||
invoice. | |||||||||||
distribution network | at the date of reporting: 0.02%) | ||||||||||
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Service provider: EFSA Beneficiary: SDTN
EFSA and | 31 | |||||||
885/31 Dec 2015 | Buildings rental services | 3.76 | 1 January 2016 | December | 0 | 0 | ||
SDTN | ||||||||
2023 | ||||||||
Transactions total amount (RON th.): | 6.13 | |||||||
Due and not due mutual debts of EFSA to SDTN at 11.09.2020: RON 77,891.93 th.
Due and not due mutual debts of SDTN to EFSA at 11.09.2020: RON 596.73 th.
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Payment is made within 10 days from the date of registration of the invoice to the tenant.
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Societatea Energetica Electrica SA published this content on 15 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 14:29:09 UTC