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Last checked at 
5 Jan 2022 07:00
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: 4 January 2022
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. 108 of Law No. 24/2017 concluded by Electrica Furnizare SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica), with OPCOM
Electrica informs its shareholders and investors about the conclusion, on 31 December 2021, of several transactions between EFSA, Electrica's subsidiary, and OPCOM, that have a value that, cumulated with the rest of the transactions concluded/executed in the period 3 December - 30 December 2021, exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2020, respectively exceeds the value of RON 202,466,778.
Details regarding the transaction concluded on 31 December 2021, together with the rest of the transactions already concluded in the period 3 December - 30 December 2021, 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.
CEO
Georgeta Corina Popescu
Annex 1: Details regarding the transactions concluded by EFSA with OPCOM in the period 3 December - 31 December 2021 of the kind listed in Art. 108 of Law No. 24/2017
Agreement Type and No., execution date | Scope of the agreement | Amount of transactions (RON th.) | Date of entry into force | Expiry date | Guarantees (RON th.) | Penalties (RON th.) | Payment due dates and payment methods |
Buyer: EFSA Seller: OPCOM | |||||||
Convention No. 38156/ 18 Aug 2021 | Sell - purchase of electricity - DAM | 189,147.91 | 18 August 2021 | undetermined | 30,000 | - | OPCOM S.A. issues the invoices with the date of the last day of the delivery month and sends them, electronically signed, by e-mail, to the DAM Participants in the first three working banking days of the month following the delivery month. The DAM participant has the obligation to ensure the necessary funds in the current account opened with the Settlement Bank, in order to debit the amounts related to the value of the net payment obligations. |
Convention No. 38156/ 18 Aug 2021 | Administration tariffs - DAM | 13.20 | 18 August 2021 | undetermined | N/A | - | The invoice is issued and transmitted electronically (by e-mail) within a maximum of 5 working days from the date of registration. The payment of the invoice is made by the participant in the respective market, entirely by bank transfer, with payment order, in maximum 5 (five) working days from the date of receipt of the invoice. |
Trading tariffs - DAM | 29.91 | The invoice is issued and sent electronically (by e-mail) in the first 3 working days of the month following the month in which the electricity sale / purchase transactions were made. The payment of the invoice is made by the participant in the respective market, entirely by bank transfer, with payment order, in maximum 5 (five) working days from the date of receipt of the invoice. | |||||
Convention PCCB-NC 38105/ 17 Aug 2021
Convention PCCB LE FLEX 38104/ 17 Aug 2021
Convention PC OTC 38107/ 17 Aug 2021
Convention PC SU 42931/28 Sep 2021
Convention PC ESRE CV 38106/ 17 Aug 2021 | Trading tariff PCCB-NC
Trading tariff PCCB-LE FLEX
Trading tariff PC PC-OTC
Trading tariff PC SU
Trading tariff PC ESRE CV | 75.76 | 17 August 2021
17 August 2021
17 August 2021
1 October 2021
17 August 2021
| undetermined | N/A | - | The invoice is sent electronically (by e-mail) in the first 3 working days of the month following the month in which the electricity sale-purchase transactions were made. Payment by bank transfer, with payment order, in maximum 5 working days from the date of receipt of the invoice. |
Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021 | Sell - purchase of electricity - IM | 6,885.63 | 17 August 2021 | undetermined | 3,500 | - | OPCOM S.A. issues the invoices with the date of the last day of the delivery month and sends them, electronically signed, by email, to the Participants in the IM in the first three working banking days of the month following the month of delivery. The IM participant has the obligation to ensure the necessary funds in the current account opened at the Settlement Bank, in order to debit the amounts related to the value of the net payment obligations. |
Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021 | Administration tariffs - IM | 1.58 | 17 August 2021 | undetermined | N/A | - | The invoice is issued and transmitted electronically (by e-mail) within a maximum of 5 working days from the date of registration. The payment of the invoice is made by the participant in the respective market, entirely by bank transfer, with payment order, in maximum 5 (five) working days from the date of receipt of the invoice. |
Trading tariffs - IM | 13.20 | The invoice is issued and sent electronically (by e-mail) in the first 3 working days of the month following the month in which the electricity sale / purchase transactions were made. The payment of the invoice is made by the participant in the respective market, entirely by bank transfer, with payment order, in maximum 5 (five) working days from the date of receipt of the invoice. | |||||
Convention NGM - short term 42678/2019 Convention NGM - long term 42679/2019 | Trading tariff - NGM REMIT tariff | 5.53 | 26 August 2019 | undetermined | N/A | - | The invoice is sent electronically (by e-mail), monthly, to the contractual partner, in the first 5 working days of the month following the month for which the services are provided. Payment is made in maximum 5 working days from the date of receipt of the invoice. |
Buyer: OPCOM Seller: EFSA | |||||||
Convention No. 38156/ 18 Aug 2021 | Sell - purchase of electricity - DAM | 24,854.68 | 18 August 2021 | undetermined | N/A | - | DAM participants issue invoices, with the date of the last day of the delivery month and send them to OPCOM S.A. by e-mail / fax, in the first three working banking days of the month following the month of delivery and in original or with electronic signature, at the latest by the 10th of the month following the month of delivery. |
Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021 | Sell - purchase of electricity - IM | 5,015.77 | 17 August 2021 | undetermined | N/A | - | IM Participants issue the invoices, with the date of the last day of the delivery month and send them to OPCOM S.A. by e-mail / fax, in the first three working banking days of the month following the month of delivery and in original or with electronic signature, at the latest by the 10th of the month following the month of delivery. |
Total executed amount during 3 December - 31 December 2021: RON 226,043.17 th.
Due and not due mutual receivables of EFSA to OPCOM at 30.12.2021: RON 1,409.57 th.
Due and not due mutual debts of EFSA to OPCOM at 30.12.2021: RON 27,929.38 th.
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