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 Electrica Furnizare SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica), with OPCOM
Electrica informs its shareholders and investors about the conclusion, on 30 September 2020, of two transactions between EFSA, Electrica's subsidiary, and OPCOM, Electrica's related party, 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 EFSA, as buyer/seller, with OPCOM, as seller/buyer, 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.
Details regarding the transactions concluded in the last 12 months between the parties, which lead to exceeding, at a cumulative level, the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, are presented in Annex 2.
Chief Executive Officer
Georgeta Corina Popescu
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Annex 1: Details regarding the transactions concluded by EFSA with OPCOM on 30 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
Parties of | Agreement Type and No., | Scope of the | Amount | Date of entry | Guarantees | Penalties | Payment due dates | ||
the | Expiry date | and payment | |||||||
execution date | transactions | (RON th.) | into force | (RON th.) | (RON th.) | ||||
transaction | methods | ||||||||
Buyer: EFSA | |||||||||
Seller: OPCOM | |||||||||
Convention No. 11426 / 25 Aug | Invoices are issued on | ||||||||
2011 - without fix price, the | the last day of the | ||||||||
OPCOM and | transactions amounts are | Sell - purchase | of | 6,522.32 | 25 August 2011 | N/A | 28,500 | delivery month. | |
EFSA | determined based on the | electricity | Payment is made until | ||||||
monthly invoices issued by | the 10th calendar day of | ||||||||
OPCOM | the following month | ||||||||
Buyer: OPCOM | |||||||||
Seller: EFSA | |||||||||
Convention No. 11426 / 25 Aug | Invoices are issued on | ||||||||
2011 - without fix price, the | the last day of the | ||||||||
EFSA and | transactions amounts are | Amount of sale of | 7,784.81 | 25 August 2011 | N/A | delivery month. | |||
OPCOM | determined based on the | electricity | Payment is made until | ||||||
monthly invoices issued by | the 10th calendar day of | ||||||||
EFSA | the following month | ||||||||
Total transactions amount (RON th.): | 14.307,13 | ||||||||
Due and not due mutual receivables of EFSA to OPCOM at 29.09.2020 (RON th.): (3,589.54)*
Due and not due mutual debts of EFSA to OPCOM at 29.09.2020 (RON th.): (2,015.25)*
*The negative balance as per 29.09.2020 is due to the receipts / payments made in advance by the parties, in relation to the transactions carried out on the DAM, according to OPCOM's procedure regarding settlement of transactions carried out on DAM
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Annex 2: Details regarding the transactions concluded in the last 12 months by EFSA with OPCOM of the kind listed in Art. 923 of Law No. 24/2017
Parties of | Agreement Type and No., | Scope of the | Amount | Date of entry | Guarantees | Penalties | Payment due dates | |
the | Expiry date | and payment | ||||||
execution date | transactions | (RON th.) | into force | (RON th.) | (RON th.) | |||
transaction | methods | |||||||
Buyer: EFSA | ||||||||
Seller: OPCOM | ||||||||
Convention No. 11426 / 25 Aug | Amount in | Invoices are issued on | ||||||
2011 - without fix price, the | the last day of the | |||||||
the last 12 | ||||||||
OPCOM and | transactions amounts are | Sell - purchase of | N/A | delivery month. | ||||
months, at | 25 August 2011 | 28,500 | ||||||
EFSA | determined based on the | electricity | Payment is made until | |||||
30.09.2020: | ||||||||
monthly invoices issued by | the 10th calendar day of | |||||||
191,531.62 | ||||||||
OPCOM | the following month | |||||||
Convention No. 11426 / 25 Aug | Payment is made by | |||||||
Amount in | bank transfer, with | |||||||
2011 - without fix price, the | ||||||||
Trading and | the last 12 | payment order, within | ||||||
OPCOM and | transactions amounts are | N/A | ||||||
administration | months, at | 25 August 2011 | a maximum of 5 | |||||
EFSA | determined based on the | |||||||
tariffs | 30.09.2020: | working days from the | ||||||
monthly invoices issued by | ||||||||
233.7 | date of receipt of the | |||||||
OPCOM | ||||||||
invoice. | ||||||||
Convention PCCB-NC | ||||||||
3876/2015 | ||||||||
Convention PCCB-LE | ||||||||
3878/2015 | ||||||||
Convention PCCB LE FLEX | 19 January 2015 | |||||||
26829/2020 | 19 January 2015 | |||||||
Convention PC OTC | Amount in | 26 May 2020 | Invoices are issued on | |||||
19546/2014 | 2 April 2014 | the last day of the | ||||||
the last 12 | ||||||||
OPCOM and | Convention PC SU 14098/2018 | 20 April 2018 | N/A | delivery month. | ||||
Trading tariffs | months, at | 28,500 | ||||||
EFSA | Convention PI/2017; | 19 January 2017 | Payment is made until | |||||
30.09.2020 | ||||||||
Convention PVC 90958/2017 | 11 October | the 10th calendar day of | ||||||
1,668.46 | ||||||||
Convention PC ESRE CV | 2017 | the following month | ||||||
6235/2019 | 30 September | |||||||
Conventions without fix price, | 2019 | |||||||
the transactions amounts are | ||||||||
determined based on the | ||||||||
monthly invoices issued by | ||||||||
OPCOM | ||||||||
Buyer: OPCOM | ||||||||
Seller: EFSA | ||||||||
EFSA and | Convention No. 11426 / 25 Aug | Amount of sale of | Amount in | 25 August 2011 | N/A | Invoices are issued on | ||
OPCOM | 2011 - without fix price, the | electricity | the last 12 | the last day of the | ||||
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transactions amounts are | months, at | delivery month. | ||||||
determined based on the | 30.09.2020: | Payment is made until | ||||||
monthly invoices issued by | 53,829.65 | the 10th calendar day of | ||||||
EFSA | the following month | |||||||
Total amount executed in the last 12 months (RON th.): | 247,263.43 | |||||||
Due and not due mutual receivables of EFSA to OPCOM at 29.09.2020 (RON th.): (3,589.54)*
Due and not due mutual debts of EFSA to OPCOM at 29.09.2020 (RON th.): (2,015.25)*
*The negative balance as per 29.09.2020 is due to the receipts / payments made in advance by the parties, in relation to the transactions carried out on the DAM, according to OPCOM's procedure regarding settlement of transactions carried out on DAM
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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 02 October 2020 05:44:05 UTC