Last checked at 15 Oct 2020 15:35
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: 15 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 two distribution companies and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, in the period 14 - 15 October 2020, of several transactions between Societatea de Distributie a Energiei Electrice Transilvania Sud SA (SDTS) and EFSA, respectively between Societatea de Distributie a Energiei Electrice Muntenia Nord SA (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 transactions concluded in the period 14 - 15 October 2020 by SDTS and SDMN, as services providers, with EFSA, as beneficiary, 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 SDTS with EFSA on 14 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Services 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 | |
SDTS and EFSA TN | C-12310/D/700/29 Jul 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 | 43.27 | 7190009522/14.10.2020 | 29 July 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-12445/D/700/30 Jul 2015 | 30 July 2015 | N/A | ||||||||
C-16355/D/700/30 Sept 2015 | 30 September 2015 | N/A | ||||||||
C-22054/D/700/21 Dec 2015 | 21 December 2015 | N/A | ||||||||
C-22271/D/700/22 Dec 2015 | 22 December 2015 | N/A | ||||||||
C-22578/D/700/29 Dec 2015 | 29 December 2015 | N/A | ||||||||
SDTS and EFSA MN | C-14893/D/700/09 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 | 398.76 | 7190009521/14.10.2020 | 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 | ||||||||
Transactions total amount (RON th.): | 442.04 |
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Due and not due mutual debts of EFSA to SDTS at 13.10.2020: RON 69,769.65 th.
Due and not due mutual debts of SDTS to EFSA at 13.10.2020: RON 821.34 th.
Details regarding the transactions concluded by SDMN with EFSA in the period 14 - 15 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: SDMN
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 |
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 | 38,181.17 | 7190001430/ 14.10.2020; 7190001433/ 14.10.2020
| 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 10 working days from the date of receipt of the invoice. |
SDMN and EFSA TS | R106538/7 Jul 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 | 10.26 | 2190010151/ 14.10.2020 | 1 August 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. |
R106673/11 Jul 2015 | 10.78 | 4190008975/ 14.10.2020 | |||||||
R107111/27 Jul 2015 | -0.50 | 3190011900/ 14.10.2020 | |||||||
R107203/28 Jul 2015 | 63.37 | 1190018908/ 14.10.2020 | |||||||
R107421/31 Jul 2015 | 15.96 | 5190009508/14.10.2020 | |||||||
R107426/31 Jul 2015 | 25.80 | 6190011136/ 14.10.2020 | |||||||
SDMN and EFSA TN | R110808/5 Nov 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 | 8.00 | 2190010150/ 14.10.2020 | 1 December 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. |
R111559/25 Nov 2015 | 2.10 | 6190011135/ 14.10.2020 | |||||||
R112463/15 Dec 2015 | 7.36 | 3190011899/ 14.10.2020 | 1 January 2016 | ||||||
R112651/16 Dec 2015 | 31.19 | 1190018907/ 14.10.2020 | |||||||
R112798/18 Dec 2015 | 5.44 | 5190009507/14.10.2020 | |||||||
R112920/21 Dec 2015 | 4.70 | 4190008976/14.10.2020 | |||||||
SDMN and EFSA | 21/15 Feb 2018 | Balancing Market | 0.28 | 7190001434/15.10.2020 | 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 |
Transactions total amount (RON th.): | 38,365.91 |
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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.