- Title:
Transactions affiliated parties - DSOs and EFSA - Time:
07:00:01 - Date:
18 Sept 2020 - Category:
Miscellaneous - ID:
4112Z
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: 17 September 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 with related parties according to Art. 923 para (12) of Law No. 24/2017 concluded between the electricity distribution companies and the electricity supply company, subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, in the period 15 - 17 September 2020, of several transactions between the electricity distribution companies and the electricity supply company, 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 in the period 15 - 17 September 2020 between Electrica's subsidiaries, containing information about the parties of the transactions, date of execution, type of transactions, description of their scope, 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 between Societatea de Distributie a Energiei Electrice Transilvania Nord SA (SDTN) and Electrica Furnizare SA (EFSA) on 15-16 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
| 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 |
|||
| Services provider: SDTN Beneficiary: EFSA |
|
||||||||||
| SDTN and EFSA TS |
22/15 Feb 2018 and assignment contract 61/4 Apr 2018 |
Providing the representation service as Balancing Responsible Party |
(149.42) Additional income corrections July 2020 and Positive imbalance corrections July 2020 |
27 February 2018 |
31 December 2020 with the possibility of legal extension and without fulfilling any formality, for periods of 12 months, if neither party requests the termination of the contract at least 30 days before the expiration of its duration |
0 |
Interest due for non-payment on time of obligations to the state budget, applied starting with the first day after the due date; (Percentage valid at the date of reporting: 0.02%) If the provider fails to fulfill its obligations under the contract, the purchaser has the right to deduct from the tariff established by the contract, as penalties, an amount equivalent to a percentage of 1.5% of the monthly tariff |
Payment is made within 3 working days from the date of receipt of the invoice |
|
||
| SDTN and EFSA |
103 / 10 Mar 2016 |
Issuing invoice for other services provided as a distribution operator |
1.92
|
1 April 2016 |
N/A
|
-
|
Penalty interest corresponding as a percentage of the interest due for non-payment on time of the 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 (exclusively). The total amount of penalty interest may not exceed the amount due. There are 30 days grace period (Percentage valid at the reporting date: 0.02%) |
Issuing the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of receipt of the invoice. |
|
||
| SDTN and EFSA |
Convention 50277/22 Feb 2016, AD 52630A/10 Oct 2019 - Bistrita |
Issuing invoice for re-invoicing utilities expenses |
8.25 |
22 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 30728/22 Feb 2016, AD 1159/16 Jul 2020 - Oradea |
|
||||||||||
| Convention 60380/22 Feb 2016, AD 60376A/15 Feb 2019 - Satu Mare |
|
||||||||||
| Convention 1193/9 Jan 2017, |
9 January 2017 |
|
|||||||||
| Convention 43/27 Mar 2017, |
27 March 2017 |
|
|||||||||
| Convention 70022/5 Jan 2017, AD 71117A/18 Jul 2018 - Zalau |
5 January 2017 |
|
|||||||||
| Service provider/Seller: EFSA Beneficiary/Buyer: SDTN |
|
||||||||||
| EFSA and SDTN |
22/15 Feb 2018 |
Issuing invoice for providing representation service as the Party Responsible for Balancing |
34.52 |
1 January 2018 |
31 December 2020, with automatic renewal |
0 |
0 |
Payment is made within 3 working days from the date of receipt of the invoice |
|
||
| Transactions total amount (RON th.): |
-104.73 |
|
|||||||||
| Due and not due mutual debts of EFSA to SDTN at 15.09.2020 (RON th.): |
77,894.76 |
|
|||||||||
| Due and not due mutual debts of SDTN to EFSA at 15.09.2020: RON th. |
676.14 |
|
|||||||||
Details regarding the transactions concluded by Societatea de Distributie a Energiei Electrice Muntenia Nord SA (SDMN) with Electrica Furnizare SA (EFSA) in the period 15 - 17 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
| 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 |
|||||
| Services provider: SDMN Beneficiary: EFSA |
|||||||||||||
| SDMN and EFSA MN |
R4990/31 Oct 2012 |
Issuing invoice for IT services |
115.17 |
1 November 2012 |
31 December 2020 |
0 |
0.6% 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 60 days from the date of registration of the invoice by the beneficiary. |
|||||
| Issuing invoice for re-invoicing IT services |
24.43 |
0.04% calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive) |
|||||||||||
| SDMN and EFSA |
21/15 Feb 2018
|
Issuing invoice for Balancing Market |
52.97 |
1 February 2018 |
31 January 2021 |
0 |
0.01% penalty interest as a percentage of the interest due for non-payment on time of the contractual obligations, calculated for each day of delay starting with the 30th day after the due date until the day of payment |
Payment is made within 3 working days from the date of receipt by email / fax |
|||||
| SDMN and EFSA MN |
R102263 / 30 Mar 2016 |
Issuing invoice for other services provided as a distribution operator - interventions in the distribution network |
8.52 |
1 April 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 30 days from the date of issuance of the invoice |
|||||
| SDMN and EFSA MN |
580/108/27 sept 2007 |
Issuing invoice for re-invoicing telecommunications services |
0.95 |
1 August 2007 |
31 December 2020 |
0 |
0.001% of the unpaid amount, 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 by the beneficiary. |
|||||
| SDMN and EFSA MN |
2630/1 Mar 2018, contract without fix price |
Issuance of an invoice for re-invoicing common expenses (security services) |
0.07 |
1 March 2018 |
N/A |
0 |
0.01% of the unpaid amount, 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 the issuance of the invoice. |
|||||
| Service provider/Seller: EFSA Beneficiary/Buyer: SDMN |
|||||||||||||
| EFSA and SDMN |
21/15 Feb 2018 Contract without fix price |
Representation service as the Party Responsible for Balancing |
239.38 |
1 February 2018 |
31 January 2021 |
0 |
|
Payment is made within 3 working days from the date of receipt by email / fax |
|||||
| Transactions total amount (RON th.): |
441.49 |
|
|||||||||||
| Due and not due mutual debts of EFSA to SDMN at 15.09.2020 (RON th.): |
94,715.83 |
|
|||||||||||
| Due and not due mutual debts of SDMN to EFSA at 15.09.2020 (Ron th.) |
631.33 |
|
|||||||||||
Details regarding the transactions concluded by Societatea de Distributie a Energiei Electrice Transilvania Sud SA (SDTS) with Electrica Furnizare SA (EFSA) on 15-16 September 2020 of the kind listed in Art. 923 of Law No. 24/2017
| 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 |
|
||||||
| Service provider: SDTS Beneficiary: EFSA |
|
||||||||||||||
| SDTS and EFSA |
C-3831/D/700/ 15 Mar 2016 and AA2/1 Aug 2016 |
Issuing invoice for other services provided as a distribution operator - interventions in the distribution network |
0.85 |
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 |
|
||||||
| Service provider/Seller: EFSA Beneficiary/Buyer: SDTS |
|
||||||||||||||
| 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 |
|
||||||
| EFSA and SDTS |
23/15 Feb 2018 Contracts without fix price |
Providing representation service as Balancing Responsible Party |
18.15 |
1 February 2018 |
31 January 2021 |
0 |
0 |
Payment is made within 3 working days from the date of receipt of the invoice |
|||||||
| Transactions total amount (RON th.): |
19.00 |
|
|||||||||||||
| Due and not due mutual debts of EFSA to SDTS at 15.09.2020 (RON th.): |
70,628.22 |
|
|||||||||||||
| Due and not due mutual debts of SDTS to EFSA at 15.09.2020 (RON th.): |
632.33 |
|
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Transactions affiliated parties - DSOs and EFSA07:00:0118 Sept 2020Miscellaneous4112Z