- Title:
Transactions related parties - EFSA and SNN - Time:
14:47:25 - Date:
12 Oct 2020 - Category:
Miscellaneous - ID:
8240B
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: 12 October 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 reported according to Art. 923 para (12) of Law No. 24/2017 concluded by Electrica Furnizare SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica), with Societatea Nationala Nuclearelectrica S.A. (SNN)
Electrica informs its shareholders and investors about the conclusion, on 12 October 2020, of one transaction between EFSA, Electrica's subsidiary, and SNN, that has 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 transaction concluded on 12 October 2020 by EFSA, as buyer, with SNN, as seller, 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 transaction concluded by SNN with EFSA on 12 October 2020 of the kind listed in Art. 923 of Law No. 24/2017
Seller: SNN
Buyer: EFSA
| 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 |
Payment due dates and payment methods |
| SNN and EFSA |
Contract No. 1410/ 12 Oct 2020, following the transaction concluded on 7 Oct 2020 on OPCOM platform, awarded through PCCB-LE-Flex auction |
Sale and purchase of electricity |
21,562.74 |
1 January 2021 |
31 December 2021 |
3,662.71 |
In case the invoice is not paid until maturity, the Buyer will have the obligation to pay late payment penalties, the interest level corresponding to the percentage of interest due for not paying 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 (included). Compensation in amount of RON 1,831.36 th. in case of non-submission by EFSA of the guarantees specified in the agreements, in favor of SNN Additional compensation in amount of RON 7,089.12 th. in case of cancellation. Total cancellation compensations can be calculated at the time of cancellation only, because they are determined depending on the quantity not delivered and the price calculated according to the contractual provisions |
The payment is made on the 11th working day from the submission date of the invoice, or on the 12th working day of the month immediately following the month of delivery. The invoice is issued starting with the first working day of the month immediately following the delivery month, but not later than 5 calendar days after the end of the month. |
| Transactions total amount (RON th.): |
21,562.74 |
|
||||||
Due and not due mutual receivables of EFSA from SNN at 09.10.2020: RON 6.48 th.
Due and not due mutual debts of EFSA towards SNN at 09.10.2020: RON 44,941.36 th.
Transactions related parties - EFSA and SNN14:47:2512 Oct 2020Miscellaneous8240B