20th Nov 2020 16:46
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: 20 November 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 SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica), with Transelectrica S.A. (TEL)
Electrica informs its shareholders and investors about the conclusion, on 16-17 November 2020, of several transactions between EFSA, Electrica's subsidiary, and TEL, 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 16-17 November 2020 by EFSA with TEL, 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.
The transactions were performed based on a contract that, due to an error, was not identified for reporting at the publication of the current report issued on 25 September 2020 (IRIS Code (BSE) 005A8, respectively RNS Code (LSE) 1165A). Therefore, Annex 1 contains also information on the cumulated value of the transactions concluded under this contract during the last 12 months, between 1 November 2019 and 31 October 2020.
Chief Executive Officer
Georgeta Corina Popescu
Annex 1: Details regarding the transactions concluded by EFSA with TEL on 16-17 November 2020 of the kind listed in Art. 92^3 of Law No. 24/2017
Supplier: TEL
Client: EFSA
Parties of the transaction | Agreement Type and No., execution date | Scope of the agreement | Amount (RON th.) | Invoice Number / Date | Amount in the last 12 mnths (RON th.) | Date of entry into force | Expiry date | Guarantees (RON th.) | Penalties (RON th.) | Payment due dates and payment methods |
TEL and EFSA | Contract R170/19 Apr 2011 AA 10/5 Feb 2018
Contract without fix price | Payment of the contribution for high efficiency cogeneration | 12,070.51 | Invoices 1121, 1122, 1123 and 1124/ 16.11.2020
Invoice 1132/ 17.11.2020 | 176,482.76
(for 1 November 2019 - 31 October 2020) | 1 April 2011 | 31 March 2023 | 0 | In case of non-payment of due invoices, the party has the obligation to pay penalties charged for non-payment of obligations to the state budget, for each day of delay after the due date, until the day of payment (exclusively). The value of the penalties cannot exceed the value of the amount due. | The contributor pays the invoices sent by the administrator of the support scheme within 7 days from their receipt, but not later than the 20th day of each month following the moth of the consumption. |
Transactions total amount (RON th.): | 12,070.51 |
| ||||||||
Total amount executed in the last 12 months (RON th.): | 176,482.76 |
| ||||||||
Due and not due mutual receivables of EFSA to TEL at 13.11.2020: RON (92.39) th.
Due and not due mutual debts of EFSA to TEL at 13.11.2020: RON 183.22 th.
Related Shares:
Electrica Regs