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Transactions related parties - SDTS and EFSA

RNS
RNS Number : 8030E
Societatea Energetica Electrica SA
10 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:  9 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 6 November 2020, of several transactions between SDTS and EFSA, Electrica's subsidiaries, based on services 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 on 6 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 6 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 TN

C-12310/D/700/29 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

45.59

7190009616/ 6.11.2020

29 July 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.

C-12445/D/700/30 Jul 2015

30 July 2015

C-16355/D/700/30 Sept 2015

30 September 2015

C-22054/D/700/21 Dec 2015

21 December 2015

C-22271/D/700/22 Dec 2015

22 December 2015

C-22578/D/700/29 Dec 2015

29 December 2015

SDTS and EFSA MN

C-14893/D/700/09 Sept 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

377.22

 

7190009610/ 6.11.2020

9 September 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.

C-16091/D/700/28 Sept 2015

28 September 2015

C-22046/D/700/21 Dec 2015

21 December 2015

C-22050/D/700/21 Dec 2015

21 December 2015

C-22255/D/700/22 Dec 2015

22 December 2015

C-22562/D/700/29 Dec 2015

29 December 2015

Transactions total amount (RON th.):

422.81


 

 

Due and not due mutual debts of EFSA to SDTS at 5.11.2020: RON 35,311.86 th.

Due and not due mutual debts of SDTS to EFSA at 5.11.2020: RON 670.21 th.

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