Transactions related parties - SDTS, SDMN and EFSA

RNS Announcement

RNS Number : 2481C

Societatea Energetica Electrica SA

15 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: 15 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, in the period 14 - 15 October 2020, of several transactions between Societatea de Distributie a Energiei Electrice Transilvania Sud SA (SDTS) and EFSA, respectively between Societatea de Distributie a Energiei Electrice Muntenia Nord SA (SDMN) and EFSA, Electrica's subsidiaries, 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 14 - 15 October 2020 by SDTS and SDMN, as services providers, with EFSA, as beneficiary, containing information about the date of execution, type of transactions, description of their scope, total 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 by SDTS with EFSA on 14 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.)	Invoice number/ date	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
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	43.27	7190009522/14.10.2020	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				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	398.76	7190009521/14.10.2020	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				29 December 2015	N/A
Transactions total amount (RON th.):			442.04

Due and not due mutual debts of EFSA to SDTS at 13.10.2020: RON 69,769.65 th.

Due and not due mutual debts of SDTS to EFSA at 13.10.2020: RON 821.34 th.

Details regarding the transactions concluded by SDMN with EFSA in the period 14 - 15 October 2020 of the kind listed in Art. 92³ of Law No. 24/2017

Service provider: SDMN

Beneficiary: EFSA

Parties of the transaction	Agreement Type and No., execution date	Scope of transactions	Amount of transaction (RON th.)	Invoice number/ date	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	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	38,181.17	7190001430/ 14.10.2020; 7190001433/ 14.10.2020	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 10 working days from the date of receipt of the invoice.
SDMN and EFSA TS	R106538/7 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	10.26	2190010151/ 14.10.2020	1 August 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.
	R106673/11 Jul 2015		10.78	4190008975/ 14.10.2020
	R107111/27 Jul 2015		-0.50	3190011900/ 14.10.2020
	R107203/28 Jul 2015		63.37	1190018908/ 14.10.2020
	R107421/31 Jul 2015		15.96	5190009508/14.10.2020
	R107426/31 Jul 2015		25.80	6190011136/ 14.10.2020
SDMN and EFSA TN	R110808/5 Nov 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	8.00	2190010150/ 14.10.2020	1 December 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.
	R111559/25 Nov 2015		2.10	6190011135/ 14.10.2020	1 December 2015
	R112463/15 Dec 2015		7.36	3190011899/ 14.10.2020	1 January 2016
	R112651/16 Dec 2015		31.19	1190018907/ 14.10.2020
	R112798/18 Dec 2015		5.44	5190009507/14.10.2020
	R112920/21 Dec 2015		4.70	4190008976/14.10.2020
SDMN and EFSA	21/15 Feb 2018	Balancing Market	0.28	7190001434/15.10.2020	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
Transactions total amount (RON th.):			38,365.91

Due and not due mutual debts of EFSA to SDMN at 13.10.2020: RON 49,455.07 th.

Due and not due mutual debts of SDMN to EFSA at 13.10.2020: RON 741.90 th.

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RNS metadata

Title: Transactions related parties - SDTS, SDMN and EFSA
Time: 15:35:47
Date: 15 Oct 2020
Category: Miscellaneous
ID: 2481C