Transactions affiliated parties - SDTS and EFSA | RNS | Ticker

/News/RNS

Transactions affiliated parties - SDTS and EFSA

RNS Announcement

RNS Number : 2185Z

Societatea Energetica Electrica SA

16 September 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: 16 September 2020

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 (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 Sud SA (SDTS) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)

Electrica informs its shareholders and investors about the conclusion, on 14 September 2020, of several transactions between SDTS and EFSA, Electrica's subsidiaries, based on services agreements without fix price 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 14 September 2020 by SDTS, as services provider, with EFSA, as beneficiary, 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.

Details regarding the transactions concluded in the last 12 months between the parties, which lead to exceeding, at a cumulative level, the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, are presented in Annex 2.

Chief Executive Officer

Georgeta Corina Popescu

Annex 1: Details regarding the transactions concluded by SDTS with EFSA on 14 September 2020 of the kind listed in Art. 92³ of Law No. 24/2017

Services provider: SDTS

Beneficiary: EFSA

Parties of the transaction	Agreement Type and No., execution date	Scope of transactions	Amount of transaction (RON th.)	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
SDTS and EFSA TS	C-3831/D/700/ 15 Mar 2016 and AA8/18 Jun 2020 Contract without fix price	Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator	29,179.42	15 March 2016	N/A	0	0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period	Payment is made within 10 working days from the date of receipt of the invoice.
SDTS and EFSA TS	C-3831/D/700/ 15 Mar 2016 and AA2/01 Aug 2016 Contract without fix price	Providing other services as distribution operator	2.15	1 August 2016	N/A	0	0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive).	Payment is made within 30 days from the date of receipt of the invoice
SDTS and EFSA TN	C-12310/D/700/29 Jul 2015	Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator	43.73	29 July 2015	N/A	0	0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period	Payment is made within 10 working days from the date of receipt of the invoice.
	C-12445/D/700/30 Jul 2015			30 July 2015	N/A
	C-16355/D/700/30 sept 2015			30 September 2015	N/A
	C-22054/D/700/21 Dec 2015			21 December 2015	N/A
	C-22271/D/700/22 Dec 2015			22 December 2015	N/A
	C-22578/D/700/29 Dec 2015 Contracts without fix price			29 December 2015	N/A
SDTS and EFSA MN	C-14893/D/700/09 sept 2015	Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator	432.44	9 September 2015	N/A	0	0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). There are 30 days of grace period	Payment is made within 10 working days from the date of receipt of the invoice.
	C-16091/D/700/28 Sept 2015			28 September 2015	N/A
	C-22046/D/700/21 Dec 2015			21 December 2015	N/A
	C-22050/D/700/21 Dec 2015			21 December 2015	N/A
	C-22255/D/700/22 Dec 2015			22 December 2015	N/A
	C-22562/D/700/29 Dec 2015 Contracts without fix price			29 December 2015	N/A
SDTS and EFSA TS	C-319/14.09.2007 and AA51 - C27472/S/700/30 Dec 2019 Contract with fix price	IT services	108.51	14 September 2007	31 December 2020	0	0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive)	Payment is made within 10 working days from the date of receipt of the invoice.
Transactions total amount (RON th.):			29,766.25

Due and not due mutual debts of EFSA to SDTS at 11.09.2020: RON 70,628.98 th.

Due and not due mutual debts of SDTS to EFSA at 11.09.2020: RON 676.6 th.

Annex 2: Details regarding the transactions concluded in the last 12 months by SDTS and EFSA 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 agreement

Amount (RON th.)

Date of entry into force

Expiry date

Guarantees (RON th.)

Penalties (RON th.)

Payment due dates and payment methods

Service provider: SDTS

Beneficiary: EFSA

SDTS and EFSA TS

C-3831/D/700/ 15 Mar 2016 and AA8/18 Jun 2020

Contract without fix price

Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator

Amount between 01.09.2019 -11.09.2020:

351,119.52

15 March 2016

N/A

0.02% (penalty interest corresponding to the percentage of interest due for non-payment of obligations to the state budget), calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive).

There are 30 days of grace period

Payment is made within 10 working days from the date of receipt of the invoice.

C-3831/D/700/ 15 Mar 2016 and AA2/1 Aug 2016

Contract without fix price

Providing other services as distribution operator

Amount between 01.09.2019 - 11.09.2020:

1,320.28

1 August 2016

N/A

Payment is made within 30 days from the date of receipt of the invoice

SDTS and EFSA TN

C-12310/D/700/29 Jul 2015

Amount between 01.09.2019 - 11.09.2020:441.95

29 July 2015

N/A

There are 30 days of grace period

Payment is made within 10 working days from the date of receipt of the invoice.

C-12445/D/700/30 Jul 2015

30 July 2015

N/A

C-16355/D/700/30 sept 2015

30 September 2015

N/A

C-22054/D/700/21 Dec 2015

21 December 2015

N/A

C-22271/D/700/22 Dec 2015

22 December 2015

N/A

C-22578/D/700/29 Dec 2015

Contracts without fix price

29 December 2015

N/A

SDTS and EFSA MN

C-14893/D/700/09 sept 2015

Amount between 01.09.2019 - 11.09.2020: 4,118.08

9 September 2015

N/A

There are 30 days of grace period

Payment is made within 10 working days from the date of receipt of the invoice.

C-16091/D/700/28 Sept 2015

28 September 2015

N/A

C-22046/D/700/21 Dec 2015

21 December 2015

N/A

C-22050/D/700/21 Dec 2015

21 December 2015

N/A

C-22255/D/700/22 Dec 2015

22 December 2015

N/A

C-22562/D/700/29 Dec 2015

Contracts without fix price

29 December 2015

N/A

SDTS and EFSA TS

C-320/14.09.2007 and AA53 - C27470/S/700/ 30 Dec 2019

Contract without fix price

Telecommunications services

Amount between 01.09.2019 - 11.09.2020: 204.91

14 September 2007

31 December 2020

Payment is made within 10 working days from the date of receipt of the invoice.

SDTS and EFSA TS

C-319/14.09.2007 and AA51 - C27472/S/700/30 Dec 2019

Contract without fix price

IT services

Amount between 01.09.2019 - 11.09.2020: 1,215.19

14 September 2007

31 December 2020

Payment is made within 10 working days from the date of receipt of the invoice.

SDTS and EFSA

C - 1782/S/7000/31 Jan 2018,
C - 6153/N/7000 / 23 Mar 2018,
AA1 -C18197/S/7000/31 Aug 2018,
AA2 -C895/S/7000/17 Jan 2019,
AA3 -C14639/S/7000/23 Jul 2019,
AA4 -C25100/S/7000/29 Nov 2019,
AA5 -C2027/S/7000/31 Jan 2020

Contracts without fix price

Providing the representation service as Balancing Responsible Party

Amount between 01.09.2019 - 11.09.2020: 3,001.88

1 February 2018

31 January 2021

Payment is made within 3 working days from the date of sending the invoice

Service provider/Seller: EFSA

Beneficiary/Buyer: SDTS

Parties of the transaction

Agreement Type and No., execution date

Scope of the agreement

Amount (RON th.)

Date of entry into force

Expiry date

Guarantees (RON th.)

Penalties (RON th.)

Payment due dates and payment methods

EFSA and SDTS

23/15 Feb 2018

Contracts without fix price

Providing representation service as Balancing Responsible Party

Amount between 1.09.2019 and 11.09.2020: 3,316.71

1 February 2018

31 January 2021

Payment is made within 3 working days from the date of receipt of the invoice

EFSA and SDTS

73/31 Oct 2018
AA 1 / 1 Jan 2020

Electricity supply on competitive market

Amount between 1.09.2019 and 11.09.2020: 1,646.67

Amount to be executed: 296.69

1 January 2019

31 December 2020

Compensation 5% of the contract price for the quantity not consumed, damages 10% of the contract price for the quantity not consumed.

0.02% delay penalties (starting with the date immediately following the due date, until payment, including payment date)

Payment is made within 10 days from the date of issuing the invoice.

There are 30 days of grace period

EFSA and SDTS

7026736/1 Jan 2019
AA 1/6 Jan 2020

Electricity supply on competitive market

Amount between 1.09.2019 and 11.09.2020: 654.68

Amount to be executed:

155.02

1 January 2019

31 December 2020

Compensation 5% of the contract price for the quantity not consumed, damages 10% of the contract price for the quantity not consumed.

0.02 delay penalties (starting with the date immediately following the due date, until payment, including payment date)

Payment is made within 10 days from the date of issuing the invoice.

There are 30 days of grace period

EFSA and SDTS

7028667/19 Oct 2018
AA 1/30 Dec 2019

Electricity supply on competitive market

Amount between 1.09.2019 and 11.09.2020: 1,415.13

Amount to be executed:

565.00

1 January 2019

31 December 2020

Compensation 5% of the contract price for the quantity not consumed, damages 10% of the contract price for the quantity not consumed.

0.02% delay penalties (starting with the date immediately following the due date, until payment, including payment date)

Payment is made within 10 days from the date of issuing the invoice.

There are 20 days of grace period

EFSA and SDTS

20117756/19 Oct 2018
AA 1/1 Jan 2020

Electricity supply on competitive market

Amount between 1.09.2019 and 11.09.2020: 2,075.87

Amount to be executed:

496.99

1 January 2019

31 December 2020

Compensation 5% of the contract price for the quantity not consumed, damages 10% of the contract price for the quantity not consumed.

0.02% delay penalties (starting with the date immediately following the due date, until payment, including payment date).

Payment is made within 10 days from the date of issuing the invoice.

There are 20 days of grace period

EFSA and SDTS

20052651/ 5 Nov 2018
AA 1/23 Dec 2019

Electricity supply on competitive market

Amount between 1.09.2019 and 11.09.2020: 1,672.50

Amount to be executed:

396.81

1 January 2019

31 December 2020

Compensation 5% of the contract price for the quantity not consumed, damages 10% of the contract price for the quantity not consumed.

0.03% delay penalties (starting with the date immediately following the due date, until payment, including payment date)

Payment is made within 10 days from the date of issuing the invoice.

There are 30 days of grace period

EFSA and SDTS

20214739-1/23 Oct 2018

Electricity supply on competitive market

Amount between 1.09.2019 and 11.09.2020: 42.64

Amount to be executed:

13.77

1 January 2019

31 December 2020

Compensation 5% of the contract price for the quantity not consumed, damages 10% of the contract price for the quantity not consumed.

0.02% delay penalties (starting with the date immediately following the due date, until payment, including payment date)

Payment is made within 10 days from the date of issuing the invoice.

There are 30 days of grace period

EFSA and SDTS

20137708-3/23 Oct 2018

Electricity supply on competitive market

Amount between 1.09.2019 and 11.09.2020: 2,925.30

Amount to be executed:

1,185.92

1 January 2019

31 December 2020

Compensation 5% of the contract price for the quantity not consumed, damages 10% of the contract price for the quantity not consumed.

0.02% delay penalties (starting with the date immediately following the due date, until payment, including payment date)

Payment is made within 10 days from the date of issuing the invoice.

There are 30 days of grace period

EFSA and SDTS

3189/S/7000/15 Feb 2019

Natural gas supply on competitive market

Amount between 1.09.2019 and 11.09.2020: 572.08

Amount to be executed:

225.68

16 February 2019

15 February 2021

0.02% delay penalties for each day of delay unpaid debts at maturity (starting with the date immediately following the due date, until payment, including the date of payment)

Payment is made within 15 days from the date of issuing the invoice.

There are 45 days of grace period

EFSA and SDTS

73/31 Oct 2018

7026736/1 Jan 2019

7028667/19 Oct 2018

20117756/19 Oct 2018

20052651/ 5 Nov 2018

20214739-1/23 Oct 2018

20137708-3/ 23 Oct 2018

Electricity supply on competitive market - reactive energy, green certificates, cogeneration, excise duty, without fix price

Amount between 1.09.2019 and 11.09.2020: 71.50

1 January 2019

31 December 2020

According to the provisions of each energy contract

EFSA and SDTS

R876/29 Dec 2015

Buildings rental services

Amount between 1.09.2019 and 11.09.2020: 114.72

Amount to be executed:
343.98

1 January 2016

31 December 2023

0.02% of the unpaid amount (starting with the date immediately following the due date, until the payment, including the payment date)

Payment is made within 10 working days from the date of registration of the invoice to the lesse

Total amount executed between 1.09.2019 and 11.09.2020 (RON th.):

375,929.61

Total remaining amount to be executed (RON th.):

3,679.85

Due and not due mutual debts of EFSA to SDTS at 11.09.2020: RON 70,628.98 th.

Due and not due mutual debts of SDTS to EFSA at 11.09.2020: RON 676.6 th.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCMZGMLKVZGGZM

RNS metadata

Title: Transactions affiliated parties - SDTS and EFSA
Time: 16:16:22
Date: 16 Sept 2020
Category: Miscellaneous
ID: 2185Z