Last checked at 16 Oct 2020 16:38
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: 16 October 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: RON 3,464,435,970
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 distribution companies and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, between 14 - 15 October 2020, of several transaction between Societatea de Distributie a Energiei Electrice Transilvania Nord (SDTN), Societatea de Distributie a Energiei Electrice Transilvania Sud (SDTS), Societatea de Distributie a Energiei Electrice Muntenia Nord (SDMN) and EFSA, Electrica's subsidiaries, 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 transaction concluded between 14 - 15 October 2020 by SDTN, SDTS and SDMN, as services providers/beneficiaries, with EFSA, as beneficiary/services provider, containing information about the date of execution, type of transactions, description of its scope, total value of the transactions, 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 SDTN and EFSA on 14-15 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Parties of the transaction | Agreement Type and No., execution date | Scope of the agreement | Amount (RON th.) | Invoice Number / Date | Date of entry into force | Expiry date | Guarantees (RON th.) | Penalties | Payment due dates and payment methods |
| |||
Service provider: SDTN Beneficiary: EFSA | |||||||||||||
SDTN and EFSA | Agreement 22/15 Feb 2018 and Concession contract 61/4 Apr 2018 | Providing representation service as the Party Responsible for Balancing | (1.04) | AFFTN 9710008216 / 15.10.2020 AFFTN 9710008215 / 15.10.2020 | 27 February 2018 | 31 December 2020, with the possibility of extension without completing any formality, for periods of 12 months, if neither party requests the cancellation of the contract at least 30 days before the expiration of its duration | 0 | Interest due for not paying the obligations to the state budget in due time, applied starting with the first day after the due date; (Percentage valid at the date of reporting: 0.02%) If the provider fails to fulfill its obligations under the contract, the purchaser has the right to deduct from the tariff established by the contract, as penalties, an amount equivalent to a percentage of 1.5% of the monthly tariff | Payment is made within 3 working days from the date of receipt of the invoice |
| |||
SDTN and EFSA | 487/29 Aug 2007;AA 42/17 Dec 2019
| Telecommunications services | 14.05 | AFFTN 9710008214 / 15.10.2020CJFTN 9110267673 / 15.10.2020SMFTN 9410101890 / 15.10.2020BNFTN 9510082289 / 15.10.2020 BNFTN 9510082275 / 15.10.2020SJFTN 9610057360 / 15.10.2020BHFTN 9210159380 / 15.10.2020 | 1 August 2007 | 31 December 2020 | 0 | The beneficiary will pay, beside the amount due, a penalty to this amount, corresponding as a percentage of the interest due for non-payment on time of the obligations to the state budget, for each day of delay compared to the due date, until the day of payment (exclusively). | Payment is made within 30 working days from the date of receipt of the invoice. Payment of invoices can also be made by compensation in compliance with the legislation in force. |
| |||
SDTN and EFSA | Convention 50277/22 Feb 2016, AD 52630A/10 Oct 2019 - Bistrita |
Re-invoicing utilities expenses | 7.37 | BNFTN 9510082274 / 15.10.2020
| 1 Januaryy 2016 | 31 December 2023 | 0 | For delays in the payment of the invoice longer than 30 days from the due date, the lessor has the right to charge, and the lessee has the obligation to pay, late payment penalties in amount of 0.03% applied to the amount due for each calendar day of delay, starting with the first day after due-date. The value of the penalties will not exceed the value of the outstanding debt | Payment is made within 10 days from the date of registration of the invoice to the tenant. |
| |||
Convention 17/ 28 Feb 2019 | 8.06 | CJFTN 9110267681 / 15.10.2020
| 1 March 2019 |
| |||||||||
Convention 70022/5 Jan 2017, AD 71117A/18 Jul 2018 - Zalau | 0.80 | SJFTN 9610057358 / 15.10.2020
| 1 January 2017 |
| |||||||||
Convention E12.2.59/08.03.2011 - utilities breakdown Oradea headquarters | 1.28 | BHFTN 9210159381 / 15.10.2020
| 1 February 2011 | Penalties equal to the level of the increase in amounts due to the state budget, due to not paying at due date the fiscal obligations; are applied after 30 days from the due date |
| ||||||||
Service provider: EFSA Beneficiary: SDTN |
| ||||||||||||
EFSA and SDTN | 22/15 Feb 2018 | Representation service as the Party Responsible for Balancing | 15.94 | 5719/ 14.10.2020 | 1 January 2018 | 31 December 2020 | 0 | 0 | Payment is made within 3 working days from the date of receipt of the invoice |
| |||
Transactions total amount (RON th.): | 46.46 |
| |||||||||||
Due and not due mutual debts of EFSA to SDTN at 14.10.2020: RON 76,690.63 th.
Due and not due mutual debts of SDTN to EFSA at 14.10.2020: RON 684.98 th.
Details regarding the transaction concluded by SDTS and EFSA on 14-15 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service 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 |
Service provider: SDTS Beneficiary: EFSA | |||||||||
SDTS and EFSA TS
| C-3831/D/700/ 15 Mar 2016 and AA8/18 Jun 2020 | 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 | 295.67 | 7190009540/15.10.2020 7190009545/ 15.10.2020
| 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). There are 30 days of grace period | Payment is made within 10 working days from the date of receipt of the invoice. |
C-3831/D/700/ 15 Mar 2016 and AA2/01 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 | 1.89 | 1090123783/15.10.2020
| 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 MN | C-14893/D/700/9 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 | 0.09 | 7190009532/ 15.10.2020 | 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 | N/A | |||||||
C-22046/D/700/21 Dec 2015 | 21 December 2015 | N/A | |||||||
C-22050/D/700/21 Dec 2015 | 21 December 2015 | N/A | |||||||
C-22255/D/700/22 Dec 2015 | 22 December 2015 | N/A | |||||||
C-22562/D/700/29 Dec 2015 | 29 December 2015 | N/A | |||||||
Service provider: EFSA Beneficiary: SDTS | |||||||||
EFSA and SDTS | 23/15 Feb 2018 | Providing representation service as Balancing Responsible Party | (0.02) | 5655 / 14.10.2020 | 1 February 2018 | 31 January 2021 | 0 | 0 | Payment is made within 3 working days from the date of receipt of the invoice |
Transactions total amount (RON th.): | 297.63 | ||||||||
Due and not due mutual debts of EFSA to SDTS at 14.10.2020: RON 70,295.63 th.
Due and not due mutual debts of SDTS to EFSA at 14.10.2020: RON 880.90 th.
Details regarding the transactions concluded by EFSA with SDMN on 14 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Services provider: EFSA
Beneficiary: SDMN
Parties of the transaction | Agreement Type and No., execution date | Scope of the transactions | Amount (RON th.) | Invoice Number / Date | Date of entry into force | Expiry date | Guarantees (RON th.) | Penalties | Payment due dates and payment methods |
EFSA and SDMN | 21/15 Feb 2018 | Representation service as the Party Responsible for Balancing | 0.12 | 5654 / 14.10.2020 | 1 February 2018 | 31 January 2021 | 0 | 0 | Payment is made within 3 working days from the date of receipt by email / fax |
Transactions total amount (RON th.): | 0.12 | ||||||||
Due and not due mutual debts of EFSA to SDMN at 13.10.2020: RON 49,455.07 th.
Due and not due mutual debts of SDMN to EFSA at 13.10.2020: RON 741.90 th.