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Soc EnergElectricaSA (ELSA)

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Thursday 31 December, 2020

Soc EnergElectricaSA

Transactions related parties - SDTN and EFSA

RNS Number : 3275K
Societatea Energetica Electrica SA
31 December 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:  31 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: RON3,464,435,970

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 Transilvania Nord SA (SDTN) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)

Electrica informs its shareholders and investors about the conclusion, on 30 December 2020, of several transactions between   SDTN and EFSA, Electrica's subsidiaries, 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 30 December 2020, containing information about the date of execution, type of transactions, description of its 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 30 December 2020 of the kind listed in Art. 923 of Law No. 24/2017

Services provider: SDTN

Beneficiary: 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

Convention no. 30728/22 Feb 2016, AD 3/ 1159/16 Jul 2020 - Oradea   AA. nr. 4/56021-7 Oct 2020

 

Re-invoicing utilities expenses

5.41

BHFTN9210162070/30.12.2020

1 February 2016

31 December 2023

0

For delays in the payment of the invoice longer than 30 days from the due date, the lessor has the right to charge, and the lessee has the obligation to pay, late payment penalties in amount of 0.03% applied to the amount due for each calendar day of delay, starting with the first day after due-date. The value of the penalties will not exceed the value of the outstanding debt

Payment is made within 10 days from the date of registration of the invoice to the tenant.

Convention 60380/22 Feb 2016, AD 6/60376A/404/15 Feb 2019 - Satu Mare 

0.14

SMFTN9410103465/30.12.2020

1 February 2016

Convention E12.2.59/08 Mar 2011 - Oradea - utilities breakdown FEE Oradea -headquarters

0.17

BHFTN9210162071/30.12.2020

1 February 2011

SDTN and EFSA

487/29 Aug 2007;
AA 42/17 Dec 2019;

AA 43/31 Jan 2020 and AA 44/12 May 2020

T elecommuni-cations services

33.11

AFFTN9710008403/30.12.2020

1 August 2007

31 December 2020

0

The beneficiary will pay, beside the amount due, a penalty to this amount, corresponding as a percentage of the interest due for non-payment on time of the obligations to the state budget, for each day of delay compared to the due date, until the day of payment (exclusively).

Payment is made within 30 working days from the date of receipt of the invoice. Payment of invoices can also be made by compensation in compliance with the legislation in force.

Re-invoicing t elecommuni-cations services

2.92

BNFTN9510083790/30.12.2020  BNFTN9510083793/30.12.2020  AFFTN9710008405/30.12.2020

Transactions total amount (RON th.):

41.75






 

 

Due and not due mutual debts of EFSA to SDTN at 29.12.2020: RON 87,382.85 th.

Due and not due mutual debts of SDTN to EFSA at 29.12.2020: RON 907.71 th.

 

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