SOCIETATEA ENERGETIC

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Societatea Energetica Electrica S A : Current report – Transactions between related parties according to art. 92 ind. 3 Law 24/2017 – Electrica Furnizare and Complexul Energetic Oltenia – 15 October 2020

10/15/2020 | 09:40am

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: 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 reported according to Art. 923 para (12) of Law No. 24/2017 concluded by Electrica Furnizare SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica), with Complexul Energetic Oltenia (CEO)

Electrica informs its shareholders and investors about the conclusion, on 15 October 2020, of several transactions between EFSA, Electrica's subsidiary, and CEO, 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 on 15 October 2020 by EFSA, as buyer, with CEO, as seller, 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 EFSA with CEO on 15 October 2020 of the kind listed in Art. 923 of Law No. 24/2017

Seller: CEO

Buyer: EFSA

Parties of

Agreement

Scope of

Amount of

Date of

Expiry

Guarantees

Payment due dates and payment

the

Type and No.,

transaction

entry into

Penalties

transaction

date

(RON th.)

methods

transaction

execution date

(RON th.)

force

Interest for late payment shall be calculated for

The invoice is issued after delivery, in

each day of delay, starting on the day

Contract No.

immediately following the due date and until

two installments: - on the 15th of the

1858/CEO/15

the date of payment of the amount due,

delivery month, for the energy delivered

Oct 2020,

excluding the day of payment. The interest rate

in the first 15 days of the month, - on the

following the

for late payment is 0.05% for each day of delay,

last working day of the delivery month

transactions

calculated on the outstanding amount.

for the delivered energy from the 16th to

CEO and

dated 12 Oct

Sale and

1 January

31

Compensation of RON 884.27 th in case of

the last day of the month of delivery

EFSA

2020 on

purchase of

10,758.59

2021

December

1,179.02

non-submission by EFSA of the guarantees

Payment is made until the 25th of the

OPCOM

electricity

2021

provided in the contract in favor of the CEO.

month in case of invoices issued for the

platform,

Additional compensations of RON 884.27 th,

first 15 days of delivery and until the

awarded

in case of cancellation. The total compensatory

10th of the month following the

through

amount in case of cancellation can be

contractual month of delivery in case of

PCCB-LE-

calculated only at the time of cancellation,

invoices the invoice issued for energy

Flex auction

because it is calculated according to the

delivered from the 16th to the last day

quantity not delivered and the price calculated

of month of delivery.

according to the contractual provisions.

Interest for late payment shall be calculated for

The invoice is issued after delivery, in

each day of delay, starting on the day

Contract No.

immediately following the due date and until

two installments: - on the 15th of the

1859/CEO/15

the date of payment of the amount due,

delivery month, for the energy delivered

Oct 2020,

excluding the day of payment. The interest rate

in the first 15 days of the month, - on the

following the

for late payment is 0.05% for each day of delay,

last working day of the delivery month

transactions

calculated on the outstanding amount.

for the delivered energy from the 16th to

CEO and

dated 12 Oct

Sale and

1 January

31

Compensation of RON 884.30 th in case of

the last day of the month of delivery

EFSA

2020 on

purchase of

10,759.03

2021

December

1,179.07

non-submission by EFSA of the guarantees

Payment is made until the 25th of the

OPCOM

electricity

2021

provided in the contract in favor of the CEO.

month in case of invoices issued for the

platform,

Additional compensations of RON 884.30 th,

first 15 days of delivery and until the

awarded

in case of cancellation. The total compensatory

10th of the month following the

through

amount in case of cancellation can be

contractual month of delivery in case of

PCCB-LE-

calculated only at the time of cancellation,

invoices the invoice issued for energy

Flex auction

because it is calculated according to the

delivered from the 16th to the last day

quantity not delivered and the price calculated

of month of delivery.

according to the contractual provisions.

2

Interest for late payment shall be calculated for

The invoice is issued after delivery, in

each day of delay, starting on the day

Contract No.

immediately following the due date and until

two installments: - on the 15th of the

1860/CEO/15

the date of payment of the amount due,

delivery month, for the energy delivered

Oct 2020,

excluding the day of payment. The interest rate

in the first 15 days of the month, - on the

following the

for late payment is 0.05% for each day of delay,

last working day of the delivery month

transactions

calculated on the outstanding amount.

for the delivered energy from the 16th to

CEO and

dated 12 Oct

Sale and

1 January

31

Compensation of RON 884.70 th in case of

the last day of the month of delivery

EFSA

2020 on

purchase of

10,763.85

2021

December

1,179.60

non-submission by EFSA of the guarantees

Payment is made until the 25th of the

OPCOM

electricity

2021

provided in the contract in favor of the CEO.

month in case of invoices issued for the

platform,

Additional compensations of RON 884.70 th,

first 15 days of delivery and until the

awarded

in case of cancellation. The total compensatory

10th of the month following the

through

amount in case of cancellation can be

contractual month of delivery in case of

PCCB-LE-

calculated only at the time of cancellation,

invoices the invoice issued for energy

Flex auction

because it is calculated according to the

delivered from the 16th to the last day

quantity not delivered and the price calculated

of month of delivery.

according to the contractual provisions.

Interest for late payment shall be calculated for

The invoice is issued after delivery, in

each day of delay, starting on the day

Contract No.

immediately following the due date and until

two installments: - on the 15th of the

1861/CEO/15

the date of payment of the amount due,

delivery month, for the energy delivered

Oct 2020,

excluding the day of payment. The interest rate

in the first 15 days of the month, - on the

following the

for late payment is 0.05% for each day of delay,

last working day of the delivery month

transactions

calculated on the outstanding amount.

for the delivered energy from the 16th to

CEO and

dated 12 Oct

Sale and

1 January

31

Compensation of RON 884.12 th in case of

the last day of the month of delivery

EFSA

2020 on

purchase of

10,756.84

2021

December

1,178.83

non-submission by EFSA of the guarantees

Payment is made until the 25th of the

OPCOM

electricity

2021

provided in the contract in favor of the CEO.

month in case of invoices issued for the

platform,

Additional compensations of RON 884.12 th,

first 15 days of delivery and until the

awarded

in case of cancellation. The total compensatory

10th of the month following the

through

amount in case of cancellation can be

contractual month of delivery in case of

PCCB-LE-

calculated only at the time of cancellation,

invoices the invoice issued for energy

Flex auction

because it is calculated according to the

delivered from the 16th to the last day

quantity not delivered and the price calculated

of month of delivery.

according to the contractual provisions.

3

Interest for late payment shall be calculated for

The invoice is issued after delivery, in

each day of delay, starting on the day

Contract No.

immediately following the due date and until

two installments: - on the 15th of the

1862/CEO/15

the date of payment of the amount due,

delivery month, for the energy delivered

Oct 2020,

excluding the day of payment. The interest rate

in the first 15 days of the month, - on the

following the

for late payment is 0.05% for each day of delay,

last working day of the delivery month

transactions

calculated on the outstanding amount.

for the delivered energy from the 16th to

CEO and

dated 12 Oct

Sale and

1 January

31

Compensation of RON 1,767.53 th in case of

the last day of the month of delivery

EFSA

2020 on

purchase of

21,504.92

2021

December

2,356.70

non-submission by EFSA of the guarantees

Payment is made until the 25th of the

OPCOM

electricity

2021

provided in the contract in favor of the CEO.

month in case of invoices issued for the

platform,

Additional compensations of RON 1,767.53 th,

first 15 days of delivery and until the

awarded

in case of cancellation. The total compensatory

10th of the month following the

through

amount in case of cancellation can be

contractual month of delivery in case of

PCCB-LE-

calculated only at the time of cancellation,

invoices the invoice issued for energy

Flex auction

because it is calculated according to the

delivered from the 16th to the last day

quantity not delivered and the price calculated

of month of delivery.

according to the contractual provisions.

Interest for late payment shall be calculated for

The invoice is issued after delivery, in

each day of delay, starting on the day

Contract No.

immediately following the due date and until

two installments: - on the 15th of the

1863/CEO/15

the date of payment of the amount due,

delivery month, for the energy delivered

Oct 2020,

excluding the day of payment. The interest rate

in the first 15 days of the month, - on the

following the

for late payment is 0.05% for each day of delay,

last working day of the delivery month

transactions

calculated on the outstanding amount.

for the delivered energy from the 16th to

CEO and

dated 12 Oct

Sale and

1 January

31

Compensation of RON 1,767.53 th in case of

the last day of the month of delivery

EFSA

2020 on

purchase of

21,504.92

2021

December

2,356.70

non-submission by EFSA of the guarantees

Payment is made until the 25th of the

OPCOM

electricity

2021

provided in the contract in favor of the CEO.

month in case of invoices issued for the

platform,

Additional compensations of RON 1,767.53 th,

first 15 days of delivery and until the

awarded

in case of cancellation. The total compensatory

10th of the month following the

through

amount in case of cancellation can be

contractual month of delivery in case of

PCCB-LE-

calculated only at the time of cancellation,

invoices the invoice issued for energy

Flex auction

because it is calculated according to the

delivered from the 16th to the last day

quantity not delivered and the price calculated

of month of delivery.

according to the contractual provisions.

4

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Societatea Energetica Electrica SA published this content on 15 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2020 13:39:04 UTC

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