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: 1 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 Societatea de Distributie a Energiei Electrice Transilvania Nord (SDTN) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 30 September 2020, of several transactions between SDTN and EFSA, Electrica's subsidiaries, based on services agreements and conventions without fix price, 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 30 September 2020 by SDTN, as services provider, with EFSA, as beneficiary, containing information about the date of execution, type of transactions, description of their 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
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Annex 1: Details regarding the transactions concluded by SDTN with EFSA on 30 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider: SDTN
Beneficiary: EFSA
Parties of | Agreement Type and | Scope of the | Amount (RON | Date of entry | Guarantees | Payment due dates and | ||||
the | Expiry date | Penalties | ||||||||
transaction | No., execution date | agreement | th.) | into force | (RON th.) | payment methods | ||||
Convention 50277/22 Feb | ||||||||||
2016, AD 52630A/10 Oct | 6.77 | |||||||||
2019 - Bistrita | ||||||||||
Convention 30728/22 Feb | ||||||||||
2016, AD 1159/16 Jul | 7.05 | |||||||||
2020 - Oradea | For delays in the payment of | |||||||||
22 February | the invoice longer than 30 days | |||||||||
Convention | 2016 | from the due date, the lessor | ||||||||
E12.2.59/08.03.2011 - | 1.50 | has the right to charge, and the | ||||||||
utilities breakdown | lessee has the obligation to pay, | Payment is made within | ||||||||
headquarters Oradea | 31 | late | payment | penalties in | ||||||
SDTN and | Re-invoicing | 10 days from the date of | ||||||||
December | 0 | amount of 0.03% applied to the | ||||||||
EFSA | utilities expenses | registration of the invoice | ||||||||
Convention 60380/22 Feb | 2023 | amount due for each calendar | ||||||||
day of delay, starting with the | to the tenant. | |||||||||
2016, AD 60376A/15 Feb | 2.73 | |||||||||
first | day after | due-date. The | ||||||||
2019 - Satu Mare | ||||||||||
value of the penalties will not | ||||||||||
exceed the value of the | ||||||||||
Convention 1193/9 Jan | outstanding debt | |||||||||
2017, | 1.99 | 9 January | ||||||||
AD 406/4 Mar 2019 - | 2017 | |||||||||
Baia Mare | ||||||||||
Convention 70022/5 Jan | 5 January | |||||||||
2017, AD 71117A/18 Jul | 0.38 | |||||||||
2017 | ||||||||||
2018 - Zalau | ||||||||||
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The beneficiary will | pay, | Payment is made within | ||||||||||
beside the amount due, a | ||||||||||||
30 working days from the | ||||||||||||
penalty | to | this | amount, | |||||||||
487/29 Aug 2007; | 31 | corresponding as a percentage | date of receipt of the | |||||||||
SDTN and | Telecommunications | 1 August | of the interest | due | for | non- | invoice. Payment of | |||||
AA 42/17 Dc 2019 | 33.11 | December | 0 | |||||||||
EFSA | services | 2007 | payment | on | time | of | the | invoices can also be made | ||||
Contract without fix price | 2020 | |||||||||||
obligations to the state budget, | by compensation in | |||||||||||
for each day of delay compared | ||||||||||||
compliance with the | ||||||||||||
to the due date, until the day of | ||||||||||||
legislation in force. | ||||||||||||
payment (exclusively). | ||||||||||||
Total transactions amount (RON th.): | 53.52 | |||||||||||
Due and not due mutual receivables of SDTN from EFSA at 29.09.2020: RON 39,481.05 th.
Due and not due mutual debts of SDTN to EFSA at 10.09.2020: RON 544.67 th.
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Societatea Energetica Electrica SA published this content on 01 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2020 16:14:01 UTC