Last checked at 23 Oct 2020 16:17
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: 23 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 reported according to Art. 923 para (12) of Law No. 24/2017
Electrica informs its shareholders and investors about the conclusion, in the period 22 - 23 October 2020, of several transaction between:
- Societatea de Distributie a Energiei Electrice Transilvania Nord SA (SDTN), Societatea de Distributie a Energiei Electrice Transilvania Sud SA (SDTS), Societatea de Distributie a Energiei Electrice Muntenia Nord SA (SDMN) and Electrica Furnizare SA (EFSA), Electrica's subsidiaries;
- EFSA and Transelectrica SA (TEL),
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 transaction concluded in the period 22 - 23 October 2020, 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 22 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: EFSA
Beneficiary: SDTN
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 | |||
EFSA and SDTN | 22/15 Feb 2018 | Representation service as the Party Responsible for Balancing | 57.17 | 5816 / 22.10.2020 | 1 January 2018 | 31 December 2020 with automatic renewal | 0 | 0 | Payment is made within 3 working days from the date of receipt of the invoice | |||
Transactions total amount (RON th.): | 57.17 |
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Due and not due mutual debts of EFSA to SDTN at 21.10.2020: RON 39,591.03 th.
Due and not due mutual debts of SDTN to EFSA at 21.10.2020: RON 881.45 th.
Details regarding the transaction concluded by SDTS and EFSA on 22 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: EFSA
Beneficiary: SDTN
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 |
EFSA and SDTS | 23/15 Feb 2018 | Providing representation service as Balancing Responsible Party | 23.22 | 5817 / 22.10.2020 | 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.): | 23.22 |
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Due and not due mutual debts of EFSA to SDTS at 21.10.2020: RON 70,586.49 th.
Due and not due mutual debts of SDTS to EFSA at 21.10.2020: RON 923.57 th.
Details regarding the transactions concluded by EFSA with SDMN on 22-23 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 |
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Services provider: SDMN Beneficiary: EFSA | |||||||||||||||
SDMN and EFSA | 21/15 Feb 2018 | Balancing Market | 2,161.89 | 7190001437/23.10.2020 | 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 |
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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 | 5.35 | 7090002469/22.10.2020 | 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 30 days from the date of issuance of the invoice |
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SDMN and EFSA MN | 580/108/27 Sept 2007 | Re-invoicing telecommunications services | 0.79 | 2390000205/22.10.2020 2650000101/23.10.2020 | 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 receipt of the invoice by the beneficiary |
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Services provider: EFSA Beneficiary: SDMN |
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EFSA and SDMN | 21/15 Feb 2018 | Representation service as the Party Responsible for Balancing | 116.19 | 5772 / 22.10.2020 | 1 February 2018 | 31 January 2021 | 0 | 0 | Payment is made within 3 working days from the date of receipt by email / fax |
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Transactions total amount (RON th.): | 2,284.22 |
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Due and not due mutual debts of EFSA to SDMN at 21.10.2020: RON 94,783.38 th.
Due and not due mutual debts of SDMN to EFSA at 21.10.2020: RON 817.43 th.
Details regarding the transactions concluded by EFSA with TEL on 22-23 October 2020 of the kind listed in Art. 92^3 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 (RON th.) | Payment due dates and payment methods |
Buyer: EFSA Seller: TEL | |||||||||
TEL and EFSA | Convention No. 275 / 19 Oct 2020 Contract without fix price | Sale and purchase of electricity between the parties, as a result of production / consumption imbalances of BRP that were offset by Transelectrica on the balancing market in accordance with the provisions of the regulations in force. | 6,350.74 | 1609 / 22.10.20201592 / 22.10.2020 | 1 September 2020 | N/A | 6,911 | 0 | Payment is made within a maximum of 5 working days from invoice's issuance date |
TEL and EFSA | Convention no. 416 / 20 Dec 2013 | Electricity transport | 21,953.27 | 2899 / 22.10.2020 1228 / 22.10.2020 1312 / 23.10.2020 1248 / 22.10.2020 1347 / 23.10.2020 2724 / 22.10.2020 2716 / 22.10.2020 | 20 December 2013 | 20 December 2023 | 22,600 | 0 | Payment is made within a maximum of 10 working days from receipt of the invoice, to which is added 5 days of grace. |
Buyer: TEL Seller: EFSA | |||||||||
EFSA and TEL | Convention No. 275 / 19 Oct 2020 Contract without fix price | Sale and purchase of electricity between the parties, as a result of the production / consumption imbalances of PRE that were offset by Transelectrica on the balancing market in accordance with the provisions of the regulations in force. | 1,490.92 | 5828 / 22.10.20205829 / 22.10.20205830 / 22.10.2020 | 1 September 2020 | N/A | 0 | 0 | Payment is made within a maximum of 5 working days from invoice's issuance date |
EFSA and TEL | Contract no. 501 / 24 Oct 2016 and AD1 / 31 Oct 2019 Contract with fix price | Buildings rental services | Amount to be executed: 102.85 | N/A | 24 Octomber 2016 | 30.09.2021, with possibility of automatic extension with successive periods of 12 months, in case neither party denounces it unilaterally | 0 | 0.03% for each day of delay, computed on the due amounts, starting from the due date until the date of full debt recovery | Payment will be made, by payment order ,within 30 days from the date of receipt of the invoice by the tenant. The rent does not include the expenses representing the monthly consumption of electricity, heating, water, sanitation, current repairs and interventions and other expenses related to the utilities used by the tenant. |
Transactions' total amount (RON th.): | 29,794.93 |
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Total amount to be executed (RON th.): | 102.85 |
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Due and not due mutual receivables of EFSA to TEL at 21.10.2020: RON 18.94 th.
Due and not due mutual debts of EFSA to TEL at 21.10.2020: RON -53.06 th.