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| Date | 4 Oct 2022 |
| Time | 11:13:50 |
| Category | Miscellaneous |
| ID | 7169B |
To: Romanian Financial Supervisory Authority (FSA)
Bucharest Stock Exchange (BSE)
London Stock Exchange (LSE)
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: 4 October 2022
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 (BSE) and London Stock Exchange (LSE)
Significant events to be reported: Transactions with related parties according to Art. 108 of Law No. 24/2017 concluded by Electrica Furnizare SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica), with OPCOM
Electrica informs its shareholders and investors about the conclusion, on 30 September 2022, of one transaction between EFSA, Electrica's subsidiary, and OPCOM, whose value, cumulated with the rest of the transactions concluded/executed in the period 31 August - 30 September 2022, exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements at 30 June 2022, respectively exceeds the value of RON 199,059,726.
Details regarding the transaction concluded on 30 September 2022, together with the rest of the transactions already concluded in the period 31 August - 30 September 2022, 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 the Annex below.
CEO
Alexandru-Aurelian Chirita
Annex: Details regarding the transactions concluded by EFSA with OPCOM in the period 31 August - 30 September 2022 of the kind listed in Art. 108 of Law No. 24/2017
|
Agreement Type and No., execution date |
Scope of the agreement |
Amount of transactions (RON th.) |
Date of entry into force |
Expiry date |
Guarantees (RON th.) |
Penalties (RON th.) |
Payment due dates and payment methods |
|
|
Buyer: EFSA Seller: OPCOM |
||||||||
|
1. Convention No. 38156/ 18 Aug 2021 |
Sell - purchase of electricity - DAM |
235,495.20 |
18 August 2021 |
undetermined |
65,000 |
See Note 1 below |
OPCOM S.A. issues the invoices with the date of the last day of the delivery month and sends them, electronically signed, by e-mail, to the DAM Participants in the first three working banking days of the month following the delivery month. The DAM participant has the obligation to ensure the necessary funds in the current account opened with the Settlement Bank, in order to debit the amounts related to the value of the net payment obligations. |
|
|
2. Convention PC OTC 38107/ 17Aug2021 |
Centralized Market organization and administration services with continuous double negotiation of bilateral electricity contracts |
1.29 |
17 August 2021 |
undetermined |
N/A |
- |
DAM participants issue invoices, with dates of the last day of the delivery month, and send them to OPCOM S.A. by email/fax, in the first three bank working days of the month following the month of delivery and in original or with an electronic signature, at the latest by the 10th of the month following the month of delivery. Payment is made by the 10th calendar day of the following month. |
|
|
3. Convention PC ESRE CV 38106/ 17Aug2021 |
Centralized Market organization and administration services for electricity from renewable sources supported through green certificates |
0.02 |
17 August 2021 |
undetermined |
N/A |
- |
|
|
|
4. Convention NGM - long term 42679/2019 |
NGM Trading tariff - REMIT tariff |
0.53 |
26 August 2019 |
undetermined |
N/A |
- |
The invoice is sent electronically (by e-mail), monthly, to the contractual partner, in the first 5 working days of the month following the month for which the services are provided and it will include 1/12 of the annual value of each tariff (to which VAT is added as the case may be). Payment is made in maximum 5 working days from the date of receipt of the invoice. |
|
|
5. Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021 |
Sell - purchase of electricity - IM Trading and administrative tariffs - IM |
16,259.92 |
17 August 2021 |
undetermined |
17,401 |
See Note 1 below |
OPCOM issues invoices dated the last day of the month of delivery and sends them, electronically signed, by email to the Participants on IM in the first three working banking days of the month following the month of delivery. The IM participant has the obligation to ensure the necessary availability in the current account opened at the Settlement Bank, in order to debit the amounts related to the value of the net payment obligations. The payment of the transaction and administration fee invoice - IM is made by the participant in the respective market, in full by bank transfer, with payment order, within a maximum of 5 working days from the date of receipt of the invoice. |
|
|
Seller: EFSA Buyer: OPCOM |
||||||||
|
6. Convention No. 38156/ 18 Aug 2021 |
Sell - purchase of electricity - DAM |
17,412.20 |
18 August 2021 |
undetermined |
N/A |
- |
DAM participants issue invoices, with dates of the last day of the delivery month, and send them to OPCOM S.A. by email/fax, in the first three bank working days of the month following the month of delivery and in original or with an electronic signature, at the latest by the 10th of the month following the month of delivery. Payment is made by the 10th calendar day of the following month. |
|
|
7. Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021 |
Sell - purchase of electricity - IM |
9,905.20 |
17 August 2021 |
undetermined |
N/A |
- |
IM Participants issue the invoices, with the date of the last day of the delivery month and send them to OPCOM S.A. by e-mail / fax, in the first three working banking days of the month following the month of delivery and in original or with electronic signature, at the latest by the 10th of the month following the month of delivery. Payment is made by the 10th calendar day of the following month. |
|
Total executed amount during 31 August - 30 September 2022: RON 279,074 th.
Due and not due mutual receivables of EFSA to OPCOM at 29.09.2022: RON 212,390 th.
Due and not due mutual debts of EFSA to OPCOM at 29.09.2022: RON 2,074 th.
Note 1: Major non-fulfillment of the payment obligation entitles OPCOM to suspend the PZU Participant's right to trade for a maximum of one month. The suspension is lifted after the payment has been made. It constitutes a situation of non-fulfillment of the obligations by a PZU Participant, the situation in which the PZU participant's account does not have sufficient availability related to the payment obligation, having as a consequence the Bank's refusal to execute the direct debit instruction and the issuance by OPCOM of the request of payment in execution for the amount owed