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Societatea Energetica Electrica S A : Current report – Transactions between related parties according to art. 92 ind. 3 Law 24/2017 – SDMN, SDTS and Electrica Furnizare – 8 October 2020

10/08/2020 | 12:35pm

Societatea Energetica Electrica S.A. 9, Grigore Alexandrescu str.

010621 District 1, Bucharest, Romania Phone: 021-208 59 99; Fax: 021-208 59 98 Fiscal Registration Code RO 13267221 J40/7425/2000

Share capital: 3.464.435.970 RON www.electrica.ro

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: 8 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

  1. 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, between 7-8 October 2020, of several transactions between Societatea de Distributie a Energiei Electrice Transilvania Sud (SDTS) and EFSA, respectively between Societatea de Distributie a Energiei Electrice Muntenia Nord (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 7-8 October 2020 by SDTS and SDMN, as services providers, with EFSA, as beneficiary, 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.

Chief Executive Officer

Georgeta Corina Popescu

1

Annex 1:

Details regarding the transactions concluded by SDTS with EFSA on 7 October 2020 of the kind listed in Art. 923 of Law No. 24/2017 Services provider: SDTS

Beneficiary: EFSA

Agreement Type

Amount of

Payment due

Parties of the

Date of entry

Expiry

Guarantees

dates and

and No., execution

Scope of transactions

transaction

Penalties

transaction

into force

date

(RON th.)

payment

date

(RON th.)

methods

Payment

is

Providing electricity

0.02%

(penalty

interest

made

within

C-3831/D/700/ 15

distribution service by the

corresponding to the percentage

10

working

SDTS and

Mar 2016 and

distribution operator for

of interest due for non-payment

days from the

EFSA TS

AA8/18 Jun 2020

users, end customers of

28,788.39

15 March 2016

N/A

0

of obligations to the state budget),

date of receipt

Contract without fix

the supplier, whose

calculated for each day of delay

installations are connected

starting with the first day after the

of the invoice.

price

to the electricity network

due date until the day of payment

There

are

30

of the distribution operator

(exclusive).

days of grace

period.

Transactions total amount (RON th.):

28,788.39

Due and not due mutual debts of EFSA to SDTS at 06.10.2020: RON 35,537.10 th.

Due and not due mutual debts of SDTS to EFSA at 06.10.2020: RON 528.29 th.

2

Details regarding the transactions concluded by SDMN with EFSA between 7-8 October 2020 of the kind listed in Art. 923 of Law No. 24/2017 Services provider: SDMN

Beneficiary: EFSA

Parties of

Agreement Type and

Scope of the

Amount of

Date of entry into

Guarantees

Payment due dates

the

transactions

Expiry date

Penalties

and payment

No., execution date

transactions

force

(RON th.)

transaction

(RON th.)

methods

Providing electricity

distribution service by

0.02%

(penalty

interest

the distribution operator

corresponding

to

the

for users, end customers

percentage

of interest

due

R102263 / 30 Mar

of the supplier, whose

for

non-payment

of

Payment

is

made

SDMN and

2016

installations are

obligations

to

the

state

within 30

days from

EFSA MN

Contract without fix

connected to the

5.93

1 April 2016

N/A

0

budget), calculated for each

the date of issuance of

price

electricity network of the

day of delay starting with

the invoice

distribution operator -

the first day after the due

Other services provided

date until the day of

as a distribution operator

payment (exclusive). There

- interventions in the

are 30 days of grace period

distribution network

0.01%

of

the

unpaid

Payment

is

made

amount, calculated for each

within 30

days

from

10335/1 Aug 2007

13.80

1 August 2007

31 August

day of delay starting with

the date of registration

2021

the first day after the due

of the invoice by the

SDMN and

Re-invoicing common

0

date

until

the

day

of

beneficiary

EFSA MN

expenses

payment (exclusive)

4914/20 Mar 2019;

1 March 2019

Payment

is

made

31 January

within 30

days

from

17831/17 Feb 2020;

1.31

0

1 February 2020

2021

the date of issuance of

26497/10 Mar 2020

the invoice

0.01%

of

the

unpaid

2630/1 Mar 2018,

Re-invoicing common

amount, calculated for each

Payment

is

made

SDMN and

day of delay starting with

within 30

days

from

contract without fix

expenses (security

2.38

1 March 2018

N/A

0

EFSA MN

the first day after the due

the date of the issuance

price

services)

date until the day of

of the invoice.

payment (exclusive)

3

Payment

is

made

within

10

working

Optical fiber rental

1.96

days from the date of

registration

of

the

invoice

by

the

580/108/27 Sept 2007

0.001%

of

the

unpaid

beneficiary.

amount, calculated for each

Payment

is

made

Contract without fix

SDMN and

Telecommunications

31 December

day of delay starting with

within

60

days

from

price

8.83

1 August 2007

0

the first

day

after

the due

the date of registration

EFSA MN

services

2020

date until the day of

of the invoice by the

payment (exclusive). There

beneficiary.

are 30 days of grace period

Payment

is

made

Re-invoicing

within

10

working

days from the date of

telecommunications

4.33

registration

of

the

services

invoice

by

the

beneficiary.

R4990/31 Oct 2012

0.6% calculated for each

Payment

is

made

SDMN and

31 December

day of delay starting with

within

60

days

from

Contract without fix

IT services

117.95

1 November 2012

0

the first

day after

the due

the date of registration

EFSA MN

2020

price

date until the day of

of the invoice by the

payment (exclusive)

beneficiary.

Transactions total amount (RON th.):

156.47

Due and not due mutual debts of EFSA to SDMN at 06.10.2020: RON 49,208.78 th.

Due and not due mutual debts of SDMN to EFSA at 06.10.2020: RON 659.09 th.

4

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Societatea Energetica Electrica SA published this content on 08 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 October 2020 16:34:03 UTC

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