Last checked at 26 Nov 2020 15:44
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: 26 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: 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 Societatea de Distributie a Energiei Electrice Muntenia Nord S.A. (SDMN) and Electrica Furnizare S.A. (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, between 25-26 November 2020, of several transactions between SDMN and EFSA, Electrica's subsidiaries, transactions 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 transactions concluded between 25-26 November 2020, containing information about the date of execution, type of transactions, description of their 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 transactions concluded by SDMN with EFSA between 25-26 November 2020 of the kind listed in Art. 923 of Law No. 24/2017
Services provider: SDMN
Beneficiary: EFSA
Parties of the transaction | Agreement Type and No., execution date | Scope of the transactions | Amount of transactions (RON th.) | Invoice Date / Number | Date of entry into force | Expiry date | Guarantees (RON th.) | Penalties | Payment due dates and payment methods |
SDMN and EFSA | 21/15 Feb 2018 | Representation service as the Party Responsible for Balancing | 1,723.46 | 7190001442/25.11.2020 | 1 February 2018 | 31 January 2021 | 0 | 0.01% penalty interest as a percentage of the interest due for non-payment on time of the contractual obligations, calculated for each day of delay starting with the 30th day after the due date until the day of payment | Payment is made within 3 working days from the date of receipt by email / fax |
SDMN and EFSA MN | R102263 / 30 Mar 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 - Other services provided as a distribution operator - interventions in the distribution network | 5.12 | 7090002492/25.11.2020 | 1 April 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 30 days from the date of issuance of the invoice |
SDMN and EFSA MN | 10335/1 Aug 2007 | Re-invoicing common expenses | 0.82 | 1390001150/25.11.2020; 1390001151/25.11.2020; 1390001152/25.11.2020; | 1 August 2007 | 31 August 2021 | 0 | 0.01% of the unpaid amount, 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 registration of the invoice by the beneficiary |
4914/20 Mar 2019; 17831/17 Feb 2020; 26497/10 Mar 2020 | 1.59 | 4390000319/25.11.2020 | 1 March 2019 1 February 2020 | 31 January 2021 | 0 | Payment is made within 30 days from the date of issuance of the invoice | |||
SDMN and EFSA MN | 580/108/27 Sept 2007 | Optical fiber rental | 1.96 | 7090002491/25.11.2020 | 1 August 2007 | 31 December 2020 | 0 | 0.001% of the unpaid amount, 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 registration of the invoice by the beneficiary.
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Re-invoicing telecommunications services | 0.82 | 2390000206/ 25.11.2020; 6090082613/ 26.11.2020 | |||||||
SDMN and EFSA MN | R4990/31 Oct 2012 | IT services | 8.83 | 7090002491/25.11.2020 | 1 November 2012 | 31 December 2020 | 0 | 0.6% 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 60 days from the date of registration of the invoice by the beneficiary. |
Re-invoicing IT services | 6.84 | 7390000531/25.11.2020 | 0.04% 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 | ||||||
Transactions total amount (RON th.): | 1,749.43 |
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Due and not due mutual debts of EFSA to SDMN at 24.11.2020: RON 92,587.04 th.
Due and not due mutual debts of SDMN to EFSA at 24.11.2020: RON 1,174.15 th.