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Transactions affiliated parties - SDMN and EFSA

11th Sep 2020 17:33

RNS Number : 8104Y

Societatea Energetica Electrica SA

11 September 2020

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: 11 September 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 (12) of Law No. 24/2017 concluded by Societatea de Distributie a Energiei Electrice Muntenia Nord (SDMN) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)

Electrica informs its shareholders and investors about the conclusion, on 11 September 2020, of 13 transactions between SDMN and EFSA, Electrica's subsidiaries, based on electricity distribution service agreements, 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 11 September 2020 by SDMN, 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.

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, have been presented in the Current Report issued on 10 September 2020 (IRIS Code (BSE) 9572E, respectively RNS Code (LSE) 6672Y).

Chirf Executive Officer

Georgeta Corina Popescu

Annex 1: Details regarding the transactions concluded by SDMN with EFSA on 11 September 2020 of the kind listed in Art. 923 of Law No. 24/2017

Service provider: SDMN

Beneficiary: EFSA

Parties of the transaction	Agreement Type and No., execution date	Scope of the agreement	Amount (RON th.)	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
SDMN and EFSA MN	R102263 / 30 Mar 2016	Issuing invoice for providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator	40,565.12	1 April 2016	N/A	0	0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period	Payment is made within 10 working days from the date of issuing the invoice.
SDMN and EFSA TS	R107203/28 Jul 2015		67.52	1 August 2015
	R106538/7 Jul 2015		11.16
	R107111/27 Jul 2015		13.52
	R106673/11 Jul 2015		13.39
	R107421/31 Jul 2015		17.05
	R107426/31 Jul 2015		27.19
SDMN and EFSA TN	R112651/16 Dec 2015		28.36	1 January 2016
	R112463/15 Dec 2015		5.09
	R112920/21 Dec 2015		3.94
	R112798/18 Dec 2015		5.92
	R111559/25 Nov 2015		2.26	1 December 2015
	R110808/5 Nov 2015		4.21	1 December 2015
Total valoare tranzactii (mii RON):			40,764.72

Due and not due mutual receivables of SDMN from EFSA at 10.09.2020: RON 46,278.2 th.

Due and not due mutual debts of SDMN to EFSA at 10.09.2020: RON 782.6 th.

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