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: 16 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
- of Law No. 24/2017 concluded by distribution companies and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, between 14 - 15 October 2020, of several transaction between Societatea de Distributie a Energiei Electrice Transilvania Nord (SDTN), Societatea de Distributie a Energiei Electrice Transilvania Sud (SDTS), Societatea de Distributie a Energiei Electrice Muntenia Nord (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 transaction concluded between 14 - 15 October 2020 by SDTN, SDTS and SDMN, as services providers/beneficiaries, with EFSA, as beneficiary/services provider, 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
1
Annex 1:
Details regarding the transaction concluded by SDTN and EFSA on 14-15 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Parties of | Agreement Type | Scope of the | Amount | Invoice Number / | Date of | Guarantees | Payment due | ||
the | and No., execution | (RON | entry into | Expiry date | Penalties | dates and | |||
agreement | Date | (RON th.) | |||||||
transaction | date | th.) | force | payment methods | |||||
Service provider: SDTN
Beneficiary: EFSA
31 December | Interest | due for | not | paying | ||||||||||||||||
the | obligations | to | the | state | ||||||||||||||||
2020, with the | ||||||||||||||||||||
possibility of | budget in due time, applied | |||||||||||||||||||
extension | starting | with | the | first | day | |||||||||||||||
without | after | the | due | date; | ||||||||||||||||
Agreement 22/15 | Providing | completing any | (Percentage valid at the date | Payment | is made | |||||||||||||||
representation | AFFTN 9710008216 / | formality, for | ||||||||||||||||||
Feb 2018 and | of reporting: 0.02%) | |||||||||||||||||||
SDTN and | service as the | 15.10.2020 AFFTN | 27 February | periods of 12 | within 3 | working | ||||||||||||||
Concession | (1.04) | 0 | If the provider fails to fulfill | |||||||||||||||||
EFSA | contract 61/4 Apr | Party | 9710008215 / | 2018 | months, if neither | its | obligations | under | the | days from the date of | ||||||||||
Responsible for | 15.10.2020 | party requests the | ||||||||||||||||||
2018 | contract, | the | purchaser | has | receipt of the invoice | |||||||||||||||
Balancing | cancellation of | |||||||||||||||||||
the right to deduct from the | ||||||||||||||||||||
the contract at | ||||||||||||||||||||
tariff | established | by | the | |||||||||||||||||
least 30 days | ||||||||||||||||||||
contract, | as | penalties, | an | |||||||||||||||||
before the | ||||||||||||||||||||
amount | equivalent | to | a | |||||||||||||||||
expiration of its | ||||||||||||||||||||
percentage | of | 1.5% | of the | |||||||||||||||||
duration | ||||||||||||||||||||
monthly tariff | ||||||||||||||||||||
AFFTN 9710008214 / | ||||||||||||||||||||
15.10.2020 | The | beneficiary | will | pay, | Payment is made | |||||||||||||||
CJFTN 9110267673 / | ||||||||||||||||||||
beside the | amount | due, a | within 30 working | |||||||||||||||||
15.10.2020 | ||||||||||||||||||||
penalty | to | this | amount, | days from the date | ||||||||||||||||
SMFTN 9410101890 / | ||||||||||||||||||||
corresponding | as | a | ||||||||||||||||||
487/29 Aug 2007; | of receipt of the | |||||||||||||||||||
15.10.2020 | ||||||||||||||||||||
percentage of the interest due | ||||||||||||||||||||
SDTN and | AA 42/17 Dec | Telecommunica | BNFTN 9510082289 / | 1 August | 31 December | invoice. Payment of | ||||||||||||||
14.05 | 0 | for non-payment on time of | ||||||||||||||||||
2019 | ||||||||||||||||||||
EFSA | tions services | 15.10.2020 | 2007 | 2020 | the | obligations | to | the state | invoices can also be | |||||||||||
BNFTN 9510082275 / | ||||||||||||||||||||
budget, for each day of delay | made by | |||||||||||||||||||
15.10.2020 | ||||||||||||||||||||
compensation in | ||||||||||||||||||||
compared | to | the | due date, | |||||||||||||||||
SJFTN 9610057360 / | ||||||||||||||||||||
until | the | day | of | payment | compliance with the | |||||||||||||||
15.10.2020 | ||||||||||||||||||||
(exclusively). | legislation in force. | |||||||||||||||||||
BHFTN 9210159380 / | ||||||||||||||||||||
15.10.2020 | ||||||||||||||||||||
2
Convention | For delays in the payment of | ||||||||||||
BNFTN 9510082274 / | the | invoice longer | than 30 | ||||||||||
50277/22 Feb | 1 Januaryy | ||||||||||||
2016, AD | 7.37 | 15.10.2020 | days from the due date, the | ||||||||||
2016 | |||||||||||||
52630A/10 Oct | lessor has the right to charge, | ||||||||||||
and | the | lessee | has | the | |||||||||
2019 - Bistrita | |||||||||||||
obligation | to | pay, | late | ||||||||||
CJFTN 9110267681 / | |||||||||||||
Convention 17/ 28 | 1 March | payment penalties in amount | Payment is made | ||||||||||
8.06 | 15.10.2020 | of | 0.03% | applied | to | the | |||||||
Feb 2019 | 2019 | ||||||||||||
amount due for each calendar | within 10 days from | ||||||||||||
SDTN and | Re-invoicing | 31 December | 0 | day | of | delay, | starting | with | the date of | ||||
Convention | SJFTN 9610057358 / | ||||||||||||
EFSA | utilities | 2023 | the | first | day after due-date. | registration of the | |||||||
70022/5 Jan 2017, | 15.10.2020 | 1 January | |||||||||||
expenses | 0.80 | The | value | of | the | penalties | invoice to the | ||||||
AD 71117A/18 Jul | 2017 | ||||||||||||
will not exceed the value of | tenant. | ||||||||||||
2018 - Zalau | |||||||||||||
the outstanding debt | |||||||||||||
Convention | Penalties equal to the level of | ||||||||||||
BHFTN 9210159381 / | the increase in amounts due | ||||||||||||
E12.2.59/08.03.201 | |||||||||||||
1 February | to the state budget, due to not | ||||||||||||
1 - utilities | 1.28 | 15.10.2020 | |||||||||||
2011 | paying at due date the fiscal | ||||||||||||
breakdown Oradea | |||||||||||||
obligations; are applied after | |||||||||||||
headquarters | |||||||||||||
30 days from the due date | |||||||||||||
Service provider: EFSA
Beneficiary: SDTN
Representation | Payment is made | ||||||||
EFSA and | service as the | 1 January | 31 December | within 3 working | |||||
22/15 Feb 2018 | Party | 15.94 | 5719/ 14.10.2020 | 0 | 0 | days from the date | |||
SDTN | 2018 | 2020 | |||||||
Responsible for | of receipt of the | ||||||||
Balancing | invoice | ||||||||
Transactions total amount (RON th.): | 46.46 | ||||||||
Due and not due mutual debts of EFSA to SDTN at 14.10.2020: RON 76,690.63 th.
Due and not due mutual debts of SDTN to EFSA at 14.10.2020: RON 684.98 th.
3
Details regarding the transaction concluded by SDTS and EFSA on 14-15 October 2020 of the kind listed in Art. 923 of Law No. 24/2017 Service provider: SDTS
Beneficiary: EFSA
Parties of | Amount of | Invoice | Payment due | ||||||
Agreement Type and | Scope of | Date of entry | Expiry | Guarantees | dates and | ||||
the | transaction | Number / | Penalties | ||||||
No., execution date | transactions | into force | date | (RON th.) | payment | ||||
transaction | (RON th.) | Date | |||||||
methods | |||||||||
Service provider: SDTS
Beneficiary: EFSA
SDTS and
EFSA TS
0.02% (penalty | interest | ||||||||||||||
Providing electricity | corresponding | to | the | ||||||||||||
distribution service | percentage | of | interest | ||||||||||||
by the distribution | 7190009540/ | due for non-payment of | Payment | is | made | ||||||||||
operator for users, | obligations | to | the | state | |||||||||||
C-3831/D/700/ 15 Mar | end customers of the | 15.10.2020 | budget), calculated for | within 10 working | |||||||||||
7190009545/ | |||||||||||||||
2016 and AA8/18 Jun | supplier, whose | 295.67 | 15 March 2016 | N/A | 0 | each | day | of | delay | days from the date | |||||
2020 | installations are | 15.10.2020 | starting with the first day | of receipt of the | |||||||||||
connected to the | after the due date until | invoice. | |||||||||||||
electricity network | the | day | of | payment | |||||||||||
of the distribution | (exclusive). | ||||||||||||||
operator | There are 30 days of | ||||||||||||||
grace period | |||||||||||||||
Providing electricity | |||||||||||||||
distribution service | 0.02% (penalty | interest | |||||||||||||
by the distribution | corresponding | to | the | ||||||||||||
operator for users, | percentage | of | interest | Payment | is | made | |||||||||
end customers of the | 1090123783/ | due for non-payment of | |||||||||||||
C-3831/D/700/ 15 Mar | supplier, whose | obligations | to | the | state | within 30 | days | ||||||||
2016 and AA2/01 Aug | installations are | 1.89 | 15.10.2020 | 15 March 2016 | N/A | 0 | budget), calculated for | from the | date of | ||||||
2016 | connected to the | each | day | of | delay | receipt | of | the | |||||||
electricity network | starting with the first day | invoice | |||||||||||||
of the distribution | after the due date until | ||||||||||||||
operator - Providing | the | day | of | payment | |||||||||||
other services as | (exclusive). | ||||||||||||||
distribution operator | |||||||||||||||
4
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Societatea Energetica Electrica SA published this content on 16 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 October 2020 15:49:05 UTC