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Last checked at 
22 Nov 2019 11:25
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: 22 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 acts of the kind listed in Art. 82 of Law No. 24/2017 concluded by Societatea Energetica Electrica SA (Electrica) in Semester II 2019 - Services agreements concluded with two distribution subsidiaries - SDTS and SDTN
Electrica informs its shareholders and investors about the conclusion, on 21 November 2019, of a legal act with a value greater than EUR 50,000, with Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA (SDTS), and of a legal act with a value greater than EUR 50,000, with Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA (SDTN), affiliates, where Electrica is the main shareholder.
Details regarding the agreements concluded by Electrica, as beneficiary, with SDTS and SDTN, as service suppliers, containing information about the date of execution, type of legal act, description of scope, total value, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and payment methods for each agreement 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 the above mentioned legal acts, of the kind listed in Art. 82 of Law No. 24/2017, concluded by Electrica in Semester II 2019 Service Suppliers: Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA and Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA Beneficiary: Societatea Energetica Electrica SA
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Company (service supplier) | 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 |
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Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA | Services agreement no. 124/21.11.2019 | Rendering maintenance services for metering equipments | 1,580 | 21 Nov 2019 | 20 Nov 2020 | RON 293,813 th. receivable of Societatea Energetica Electrica SA from Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA.
| 0 | Beneficiary: delays in providing the agreement services by the supplier will be subject to penalties of maximum 0.04% per day, calculated from the unfulfilled agreement obligations, until completing the agreement obligations.
Service supplier: has the right to invoice as penalties a sum equivalent to 0.04% per day, calculated from the unpaid amount, until the completion of the payment obligations, without exceeding the unpaid amount. | 30 days from the invoice receiving date |
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Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA | Services agreement no. 123/21.11.2019 | Rendering maintenance services for metering equipments | 1,320 | 21 Nov 2019 | 20 Nov 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 | 0 | 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, without exceeding the residual agreement value.
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. | 30 days from the invoice receiving date |
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