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: 18 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 between
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 17 November 2020, of one transaction between
SDTS and EFSA,
Electrica's subsidiaries, transaction that has 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 transaction concluded on 17 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 transaction concluded by SDTS and EFSA on 17 November 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider/seller: SDTS
Beneficiary/buyer: EFSA
|
Parties of the transactions
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Agreement Type and No., execution date
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Scope of transactions
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Amount of transactions (RON th.)
|
Invoice Number / Date
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Date of entry into force
|
Expiry date
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Guarantees (RON th.)
|
Penalties
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Payment due dates and payment methods
|
|
SDTS and EFSA
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C-3831/D/700/ 15 Mar 2016 and AA2/1 Aug 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 - Providing other services as distribution operator
|
0.87
|
3090100967/
17.11.2020
|
15 March 2020
|
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
|
|
Transactions total amount (RON th.):
|
0.87
|
|
Due and not due mutual debts of EFSA to SDTS at 16.11.2020: RON
72,651.05
th.
Due and not due mutual debts of SDTS to EFSA at 16.11.2020: RON 1,417.93
th.
