Last checked at 26 Nov 2019 13:32
To: Bucharest Stock Exchange (BSE)
London Stock Exchange (LSE)
Romanian Financial Supervisory Authority (FSA)
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, FSA Regulation no. 5/2018, and the Bucharest Stock Exchange Code
Report date: 26 November 2019
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 3,459,399,290
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BSE) and London Stock Exchange (LSE)
Significant events to be reported: Legal act of the kind listed in Art. 82 of Law No. 24/2017 concluded by Societatea Energetica Electrica SA (Electrica) in Semester II 2019 - Services agreement concluded with a distribution subsidiary - SDTN
Electrica informs its shareholders and investors about the conclusion, on 22 November 2019, of a legal act with a value greater than EUR 50,000, with Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA (SDTN), affiliate, where Electrica is the main shareholder.
Details regarding the agreement concluded by Electrica, as service supplier, with SDTN, as beneficiary, containing information about the date of execution, type of legal act, description of its scope, total value of the legal act, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and payment methods are presented in Annex 1.
The independent limited assurance report performed by a financial auditor regarding the transactions reported by Electrica according to art. 82 of Law no. 24/2017 will be made public in maximum 30 days from the end of the reporting period acccording to the provisions of art. 144 letter B para (4) of ASF Regulation no. 5/2018.
Chief Strategy Officer
Anamaria Acristini-Georgescu
Annex 1: Details regarding legal act of the kind listed in Art. 82 of Law No. 24/2017 concluded by Electrica in Semester II 2019 Service Supplier: Societatea Energetica Electrica S.A. Beneficiary: Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA
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Company (beneficiary) | Agreement Type and No. | Scope of the agreement | Amount (RON th.) | Date of execution/ entry into force | Expiry date | Receivables/mutual debts | Guarantees (RON th.) | Penalties | Payment due dates and payment methods |
Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA | Services agreement no. 125 / 22.11.2019 | Rendering services in the AMR system
| 3,292 | 22 November 2019 | 21 April 2020 | RON 366,482 th. receivable of Societatea Energetica Electrica SA from Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA.
RON 75.5 th. debt of Societatea Energetica Electrica SA to Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA | 33 | Beneficiary: delays in providing the agreement services by the supplier will be subject to a penalty of 0.03% per day, calculated from the unfulfilled agreement obligations, until completing the agreement obligations but not later that the agreement's expiry date, without exceeding the residual agreement value. Payment due dates - 30 days from penalties' invoice communication date.
Service supplier: has the right to invoice as penalties a sum equivalent to 0.03% per day, calculated from the unpaid amount, until the completion of the payment obligations, without exceeding the unpaid amount. Payment due dates - 30 days from penalties' invoice communication date. | 45 days from the invoice communication date |