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