Conventions Internal Treasury- ELSA - subsidiaries

Societatea Energetica Electrica SA

23 January 2024

 

To:                              Bucharest Stock Exchange (BSE)

                                    London Stock Exchange (LSE)

                                    Romanian Financial Supervisory Authority (FSA)

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: 23 January 2024

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1^st 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 (BSE) and London Stock Exchange (LSE)

Significant events to be reported: Legal acts of the kind listed in Art. 108 of Law No. 24/2017 concluded by Societatea Energetica Electrica SA (Electrica) in Semester I 2024 with its subsidiaries - cash-pooling conventions

Electrica informs its shareholders and investors about the conclusion, on 22 January 2024, between Societatea Energetica Electrica SA (Electrica) and Distributie Energie Electrica Romania SA (DEER), Electrica Furnizare SA (EFSA) and Societatea Filiala de Intretinere si Servicii Energetice "Electrica Serv" SA (SERV), affiliates, where Electrica is the main shareholder, whose cumulated value exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements at 30 September 2023, respectively exceeds the value of RON 198,760,627.

Details regarding the Conventions concluded by Electrica, as Group Leader (Cash Pool Leader), with DEER, EFSA and SERV as Participating Companies, containing information regarding the date of execution, type of legal acts, description of their scope, total value of the legal acts, expiry date, mutual debts and receivables, guarantees, penalties, deadlines and payment due dates and payment methods are presented in Annexes 1-3. These conventions are part of the documentation related to the implementation of banking structures for liquidity concentration ("cash-pooling"), necessary for improving the efficiency of the treasury operations within the Group.

Chief Financial Officer

Stefan Frangulea                                 

Annex 1: Details regarding the legal act of the kind listed in Art. 108 of Law No. 24/2017, concluded by Electrica in Semester I 2024 Group Leader/ Cash Pool Leader: Societatea Energetica Electrica S.A. (Electrica)                                                                                Participating Company: Distributie Energie Electrica Romania SA (DEER)
Company (beneficiary)	Agreement Type and No., execution date	Scope of the agreement	Amount (RON th.)	Date of entry into force	Expiry date	Receivables/Mutual debts	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA (SDTN)	Convention regarding the Internal Treasury no. 14 / 22.01.2024	Credit facility	150,000	22 Jan 2024	20 Jan 2025	N/A	0	In the event that any of the Parties does not pay the other Party any amount owed by it in accordance with this Agreement when it becomes due, the amount owed will carry penal interest, equal to the current interest, calculated according to Art. 5, to which the margin is added of 0.5%. bye. This penalty interest will be applied to any amount owed on the due date (including the respective date) until the date on which the full payment is made (with the exception of the respective date).	The applied interest rate: The bank rate is ROBOR for 1 month + 1.7% p.a. respectively, the internal rate is ROBOR for 1 month + 0.83% p.a. The interest will be paid monthly, within a maximum of 8 calendar days from the end of each month.
Societatea Energetica Electrica SA (Electrica)			50,000

Annex 2: Details regarding the legal act of the kind listed in Art. 108 of Law No. 24/2017, concluded by Electrica in Semester I 2024 Group Leader/ Cash Pool Leader: Societatea Energetica Electrica S.A. (Electrica)                                                                                Participating Company: Electrica Furnizare SA (EFSA)
Company (beneficiary)	Agreement Type and No., execution date	Scope of the agreement	Amount (RON th.)	Date of entry into force	Expiry date	Receivables/Mutual debts	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
Electrica Furnizare SA (EFSA)	Convention regarding the Internal Treasury no. 13 / 22.01.2024	Credit facility	150,000	22 Jan 2024	20 Jan 2025	N/A	0	In the event that any of the Parties does not pay the other Party any amount owed by it in accordance with this Agreement when it becomes due, the amount owed will carry penal interest, equal to the current interest, calculated according to Art. 5, to which the margin is added of 0.5%. bye. This penalty interest will be applied to any amount owed on the due date (including the respective date) until the date on which the full payment is made (with the exception of the respective date).	The applied interest rate: The bank rate is ROBOR for 1 month + 1.7% p.a. respectively, the internal rate is ROBOR for 1 month + 0.83% p.a. The interest will be paid monthly, within a maximum of 8 calendar days from the end of each month.
Societatea Energetica Electrica SA (Electrica)			50,000

Annex 5: Details regarding the legal act of the kind listed in Art. 108 of Law No. 24/2017, concluded by Electrica in Semester I 2024 Group Leader/ Cash Pool Leader: Societatea Energetica Electrica S.A. (Electrica)                                                                                Participating Company: Societatea Filiala de Intretinere si Servicii Energetice Electrica Serv SA (SERV)
Company (beneficiary)	Agreement Type and No., execution date	Scope of the agreement	Amount (RON th.)	Date of entry into force	Expiry date	Receivables/Mutual debts	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
Societatea Filiala de Intretinere si Servicii Energetice Electrica Serv SA (SERV)	Convention regarding the Internal Treasury no. 15 / 22.01.2024	Credit facility	50,000	22 Jan 2024	20 Jan 2025	N/A	0	In the event that any of the Parties does not pay the other Party any amount owed by it in accordance with this Agreement when it becomes due, the amount owed will carry penal interest, equal to the current interest, calculated according to Art. 5, to which the margin is added of 0.5%. bye. This penalty interest will be applied to any amount owed on the due date (including the respective date) until the date on which the full payment is made (with the exception of the respective date).	The applied interest rate: The bank rate is ROBOR for 1 month + 1.7% p.a. respectively, the internal rate is ROBOR for 1 month + 0.83% p.a. The interest will be paid monthly, within a maximum of 8 calendar days from the end of each month.
Societatea Energetica Electrica SA (Electrica)			5,000

 

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