30th Dec 2020 07:00
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: 29 December 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 between the distribution companies and Electrica Furnizare S.A. (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 28-29 December 2020, of several transactions between Societatea de Distributie a Energiei Electrice Transilvania Nord S.A. (SDTN) and EFSA, between Societatea de Distributie a Energiei Electrice Muntenia Nord S.A. (SDMN) and EFSA, respectively between Societatea de Distributie a Energiei Electrice Transilvania Sud S.A. (SDTS) and EFSA, Electrica's subsidiaries, transactions 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 28-29 December 2020, 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
Annex 1:
Details regarding the transactions concluded by SDTN and EFSA on 28 December 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider/seller: SDTN
Beneficiary/buyer: EFSA
Parties of the transactions | Agreement Type and No., execution date | Scope of transactions | Amount of transactions (RON th.) | Invoice Number / Date | Date of entry into force | Expiry date | Guarantees (RON th.) | Penalties | Payment due dates and payment methods | |||||
SDTN and EFSA | 22/15 Feb 2018 and Concession contract 61/4 Apr 2018
| Representation service as the Party Responsible for Balancing | 284.30 | AFFTN9710008396/28.12.2020 AFFTN9710008397/28.12.2020 | 27 February 2018 | 31 December 2020, with possibility of extension without completing any formality, for periods of 12 months, if neither party requests the cancellation of the contract at least 30 days before the expiration of its duration | 0 | Interest due for not paying the obligations to the state budget in due time, applied starting with the first day after the due date; (Percentage valid at the date of reporting: 0.02%) If the provider fails to fulfill its obligations under the contract, the purchaser has the right to deduct from the tariff established by the contract, as penalties, an amount equivalent to a percentage of 1.5% of the monthly tariff | Payment is made within 3 working days from the date of receipt of the invoice | |||||
Transactions total amount (RON th.): | 284.30 |
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Due and not due mutual debts of EFSA to SDTN at 24.12.2020: RON 87,113.89 th.
Due and not due mutual debts of SDTN to EFSA at 24.12.2020: RON 2,286.05 th.
Details regarding the transactions concluded by SDMN with EFSA on 28-29 December 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 transactions | Amount of transaction (RON th.) | Invoice number/ date | Date of entry into force | Expiry date | Guarantees (RON th.) | Penalties | Payment due dates and payment methods |
SDMN and EFSA | 21/15 Feb 2018 | Balancing Market | 3,731.79 | 7190001449/ 28.12.2020 | 1 February 2018 | 31 January 2021 | 0 | 0.01% penalty interest as a percentage of the interest due for non-payment on time of the contractual obligations, calculated for each day of delay starting with the 30th day after the due date until the day of payment | Payment is made within 3 working days from the date of receipt by email / fax |
SDMN and EFSA MN | 2630/1 Mar 2018 | Re-invoicing common expenses (security services) | 0.32 | 5390001925/28.12.2020; 5390001927/ 28.12.2020 | 1 March 2018 | N/A | 0 | 0.01% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive) | Payment is made within 30 days from the date of the issuance of the invoice. |
SDMN and EFSA MN | 4914/20 Mar 2019; 17831/17 Feb 2020;26497/10 Mar 2020 | Re-invoicing common expenses | 1.62 | 4390000322/ 28.12.2020 | 1 march 2019; 1 February 2020 | 31 January 2021 | 0 | 0 | Payment is made within 30 days from the date of issuance of the invoice |
10335/1 Aug 2007 | 0.09 | 1390001178/ 28.12.2020 | 1 August 2007 | 31 August 2021 | 0.01% of the unpaid amount, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive) | Payment is made within 30 days from the date of registration of the invoice by the beneficiary | |||
SDMN and EFSA MN | 580/108/27 Sept 2007 | Optical fiber rental | 1.96 | 7090002502/ 28.12.2020 | 1 August 2007 | 31 December 2020 | 0 | 0.001% of the unpaid amount, 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 registration of the invoice by the beneficiary. |
Re-invoicing communications services | 2.14 | 7390000538/ 29.12.20206090083164/ 29.12.2020 | |||||||
Telecommunica-tions services | 8.83 | 7090002502/ 28.12.2020 | Payment is made within 60 days from the date of registration of the invoice by the beneficiary | ||||||
SDMN and EFSA MN | Request for issuing a Technical Connection Approval (TCA) | TCA issuance | 0.22 | 4090065313/ 29.12.2020 | N/A | N/A | N/A | N/A | N/A |
Transactions total amount (RON th.): | 3,746.96 |
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Due and not due mutual debts of EFSA to SDMN at 24.12.2020: RON 46,659.29 th.
Due and not due mutual debts of SDMN to EFSA at 24.12.2020: RON 19,925.02 th.
Details regarding the transaction concluded by SDTS and EFSA on 29 November 2020 of the kind listed in Art. 923 of Law No. 24/2017
Service provider/seller: SDTS
Beneficiary/buyer: EFSA
Parties of the transactions | Agreement Type and No., execution date | Scope of transactions | Amount of transactions (RON th.) | Invoice Number / Date | Date of entry into force | Expiry date | Guarantees (RON th.) | Penalties | Payment due dates and payment methods | |
SDTS and EFSA | C - 1782/S/7000/31 Jan 2018,C - 6153/N/7000 / 23 Mar 2018,AA1 -C18197/S/7000/31 Aug 2018,AA2 -C895/S/7000/17 Jan 2019,AA3 -C14639/S/7000/23 Jul 2019,AA4 -C25100/S/7000/29 Nov 2019,AA5 -C2027/S/7000/31 Jan 2020 | Providing the representation service as Balancing Responsible Party | 324.27 | 7090002868/29.12.2020 | 1 February 2018 | 31 January 2021 | 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). | Payment is made within 3 working days from the date of sending the invoice | |
Transactions total amount (RON th.): | 324.27 |
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Due and not due mutual debts of EFSA to SDTS at 28.11.2020: RON 40,332.02 th.
Due and not due mutual debts of SDTS to EFSA at 28.11.2020: RON 3,174.32 th.
Related Shares:
Electrica Regs