3rd Dec 2020 17:05
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: 3 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 reported according to Art. 923 para (12) of Law No. 24/2017 concluded by Electrica Furnizare S.A. (EFSA), subsidiary of Societatea Energetica Electrica S.A. (Electrica), with OPCOM
Electrica informs its shareholders and investors about the conclusion, on 2 December 2020, of several transactions between EFSA, Electrica's subsidiary, and OPCOM, 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 2 December 2020, 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.
Chief Executive Office
Georgeta Corina Popescu
Annex 1: Details regarding the transactions concluded by EFSA with OPCOM on 2 December 2020 of the kind listed in Art. 923 of Law No. 24/2017
Parties of the transaction | Agreement Type and No., execution date | Scope of the transactions | Amount (RON th.) | Invoice number/date | Date of entry into force | Expiry date | Guarantees (RON th.) | Penalties (RON th.) | Payment due dates and payment methods |
Buyer: EFSA Seller: OPCOM | |||||||||
OPCOM and EFSA | Convention No. 11426 / 25 Aug 2011 | Sell - purchase of electricity - DAM | 13,681.31 | 0014194/ 30.11.2020 | 25 August 2011 | N/A
| 25,000 | Invoices are issued on the last day of the delivery month. Payment is made until the 10th calendar day of the following month | |
Trading tariff - DAM | 13.64 | 0009914/ 30.11.2020 | |||||||
OPCOM and EFSA | Convention PCCB-NC 3876/2015 Convention PCCB-LE 3878/2015 Convention PCCB LE FLEX 26829/2020 Convention PC OTC 19546/2014 Convention PC SU 14098/2018 Convention PI/2017; Convention PVC 90958/2017 Convention PC ESRE CV 6235/2019 | Trading tariff - IM | 0.01 | 0009701/ 30.11.2020 | 19 January 2015 19 January 2015 26 May 2020
2 April 2014 20 April 2018 19 January 2017 11 October 2017 30 September 2019
| N/A | 3,500 | Invoices are issued on the last day of the delivery month. Payment is made until the 10th calendar day of the following month | |
Buyer: OPCOM Seller: EFSA | |||||||||
EFSA and OPCOM | Convention No. 11426 / 25 Aug 2011 | Amount of sale of electricity - DAM | 4,935.21 | EFSA202011000040 / 30.11.2020 | 25 August 2011 | N/A | Invoices are issued on the last day of the delivery month. Payment is made until the 10th calendar day of the following month | ||
EFSA si OPCOM | Convention for Participation on the Intraday Market / 19 Jan 2017 | Amount of sale of electricity - IM | 4.32 | EFSA202011000042/ 30.11.2020 | 19 January 2017 | N/A | Invoices are issued on the last day of the delivery month. Payment is made until the 10th calendar day of the following month of delivery. | ||
Total transactions amount (RON th.): | 18,634.48 |
| |||||||
Due and not due mutual receivables of EFSA to OPCOM at 27.11.2020: RON 951.69 th.
Due and not due mutual debts of EFSA to OPCOM at 27.11.2020: RON 8,191.98 th.
Related Shares:
Electrica Regs