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Transactions related parties - SDTS and EFSA

RNS
RNS Number : 5675E
Societatea Energetica Electrica SA
06 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:  6 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: RON3,464,435,970

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 Societatea de Distributie a Energiei Electrice Transilvania Sud S.A. (SDTS) and Electrica Furnizare S.A. (EFSA), subsidiaries of Societatea Energetica Electrica S.A. (Electrica)

Electrica informs its shareholders and investors about the conclusion, on 5 November 2020, of several transactions between SDTS and EFSA, Electrica's subsidiaries, 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 5 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 SDTS with EFSA on 5 November 2020 of the kind listed in Art. 923 of Law No. 24/2017

Services provider: SDTS 

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

SDTS and EFSA TS

 

C-3831/D/700/ 15 Mar 2016 and AA2/1 Aug 2016

Contract without fix price

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 as distribution operator

4. 81

3090100617, 4090057762/ 05.11.2020

15 March 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).

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

SDTS and EFSA TS

C-320/14 Sept 2007 and AA53 - C27470/S/700/ 30 Dec 2019

Contract without fix price

Telecommunications services

15. 73

7090002843/ 05.11.2020

14 September 2007

31 December 2020

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)

Payment is made within 10 working days from the date of receipt of the invoice.

SDTS and EFSA TS

C-319/14 Sept 2007 and AA51 - C27472/S/700/30 Dec 2019

Contract without fix price

IT services

100.68

7090002844/ 05.11.2020

14 September 2007

31 December 2020

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)

Payment is made within 10 working days from the date of receipt of the invoice.

Transactions total amount (RON th.):

121. 22


 

 

Due and not due mutual debts of EFSA to SDTS at 04.11.2020: RON 35,144.87 th.

Due and not due mutual debts of SDTS to EFSA at 04.11.2020: RON 648.06 th.

 

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