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Transactions related parties - SDMN, SDTS and EFSA

RNS Announcement

RNS Number : 5664B

Societatea Energetica Electrica SA

08 October 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: 8 October 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 two distribution companies and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)

Electrica informs its shareholders and investors about the conclusion, between 7-8 October 2020, of several transactions between Societatea de Distributie a Energiei Electrice Transilvania Sud (SDTS) and EFSA, respectively between Societatea de Distributie a Energiei Electrice Muntenia Nord (SDMN) and EFSA, Electrica's subsidiaries, transactions 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 between 7-8 October 2020 by SDTS and SDMN, as services providers, 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.

Chief Executive Officer

Georgeta Corina Popescu

Annex 1:

Details regarding the transactions concluded by SDTS with EFSA on 7 October 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

28,788.39

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).

Payment is made within 10 working days from the date of receipt of the invoice. There are 30 days of grace period.

Transactions total amount (RON th.):

28,788.39

Due and not due mutual debts of EFSA to SDTS at 06.10.2020: RON 35,537.10 th.

Due and not due mutual debts of SDTS to EFSA at 06.10.2020: RON 528.29 th.

Details regarding the transactions concluded by SDMN with EFSA between 7-8 October 2020 of the kind listed in Art. 92³ of Law No. 24/2017

Services provider: SDMN

Beneficiary: EFSA

Parties of the transaction	Agreement Type and No., execution date	Scope of the transactions	Amount of transactions (RON th.)	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
SDMN and EFSA MN	R102263 / 30 Mar 2016 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 - Other services provided as a distribution operator - interventions in the distribution network	5.93	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	10335/1 Aug 2007	Re-invoicing common expenses	13.80	1 August 2007	31 August 2021	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 registration of the invoice by the beneficiary
SDMN and EFSA MN	4914/20 Mar 2019; 17831/17 Feb 2020; 26497/10 Mar 2020	Re-invoicing common expenses	1.31	1 March 2019 1 February 2020	31 January 2021	0	0	Payment is made within 30 days from the date of issuance of the invoice
SDMN and EFSA MN	2630/1 Mar 2018, contract without fix price	Re-invoicing common expenses (security services)	2.38	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.
SDMN and EFSA MN	580/108/27 Sept 2007 Contract without fix price	Optical fiber rental	1.96	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). There are 30 days of grace period	Payment is made within 10 working days from the date of registration of the invoice by the beneficiary.
		Telecommunications services	8.83					Payment is made within 60 days from the date of registration of the invoice by the beneficiary.
		Re-invoicing telecommunications services	4.33					Payment is made within 10 working days from the date of registration of the invoice by the beneficiary.
SDMN and EFSA MN	R4990/31 Oct 2012 Contract without fix price	IT services	117.95	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.
Transactions total amount (RON th.):			156.47

Due and not due mutual debts of EFSA to SDMN at 06.10.2020: RON 49,208.78 th.

Due and not due mutual debts of SDMN to EFSA at 06.10.2020: RON 659.09 th.

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RNS metadata

Title: Transactions related parties - SDMN, SDTS and EFSA
Time: 17:29:01
Date: 8 Oct 2020
Category: Miscellaneous
ID: 5664B