6th Sep 2019 14:15
To: Romanian Financial Supervisory Authority (FSA)
Bucharest Stock Exchange (BSE)
London Stock Exchange (LSE)
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, FSA Regulation no. 5/2018, and the Bucharest Stock Exchange Code
Report date: 6 September 2019
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 3,459,399,290
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB) and London Stock Exchange (LSE)
Significant events to be reported: Extension of the duration of a legal act of the kind listed in Art. 82 of Law No. 24/2017 concluded by Societatea Energetica Electrica SA (Electrica) in Semester I 2019 with SDMN
Electrica informs its shareholders and investors about the extension by two months (until 31 October 2019) of the duration of a legal act with a value greater than EUR 50,000 concluded in March 2019 with Societatea de Distributie a Energiei Electrice "Muntenia Nord" SA (SDMN), affiliate, where Electrica is the main shareholder.
All details presented in the Current report dated 26 March 2019, excepting the expiry date (modified from 31 August 2019 to 31 October 2019), regarding the agreement concluded by Electrica, as service supplier, with SDMN, as beneficiary, remain unchanged. These, together with the mutual debts, are presented in the Annex 1.
The independent limited assurance report performed by a financial auditor regarding the transactions reported by Electrica according to art. 82 of Law no. 24/2017 will be made public in maximum 30 days from the end of the reporting period acccording to the provisions of art. 144 letter B para (4) of ASF Regulation no. 5/2018.
CEO
Georgeta Corina Popescu
Annex 1: Details regarding the reported addendum, concluded by Electrica in Semester II 2019, and the legal act of the kind listed in Art. 82 of Law No. 24/2017, concluded by Electrica in Semester I 2019 Service Supplier: Societatea Energetica Electrica S.A. Beneficiary: Societatea de Distributie a Energiei Electrice "Muntenia Nord" SA
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Company | Agreement Type and No. | Scope of the agreement | Amount (RON th.) | Date of execution/ entry into force | Expiry date | Mutual debts | Guarantees (RON th.) | Penalties | Payment due dates and payment methods |
Societatea de Distributie a Energiei Electrice "Muntenia Nord" SA | Addendum no. 1 to the Services agreement no. 46 / 26.03.2019 | Rendering services in the AMR system
| 5,496 | 1 Mar 2019 (date of the agreement) | 31 Oct 2019 | RON 383,240.8 th. receivable of Societatea Energetica Electrica SA from Societatea de Distributie a Energiei Electrice "Muntenia Nord" SA | 55 | Beneficiary: Any non-payment of the amount owed to the supplier will be subject to a penalty of 0.005% for each day of delay after the first 30 days from the date on which that amount became due, but without exceeding the amount to which it refers. | 45 days from the invoice communication date |
Related Shares:
Electrica Regs