Report according art. 82 Law 24/2017 - Agreements with EFSA

EL SOCIETATEA ENERGETICA ELECTRICA S.A.

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:  20 December 2019

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: Legal acts of the kind listed in Art. 82 of Law No. 24/2017 concluded by Societatea Energetica Electrica SA (Electrica) in Semester II 2019 with Electrica Furnizare SA –electricity supply agreement for eligible non-household customers and products supply agreement

 

Electrica informs its shareholders and investors about the conclusion, on 19 December 2019 and on 20 December 2019, of two legal acts with a cumulated value greater than EUR 50,000, with Electrica Furnizare, affiliate, where Electrica is the main shareholder.

Details regarding the agreements concluded by Electrica, as beneficiary, with Electrica Furnizare, as service supplier, containing information about the date of execution, type of legal act, description of its scope, total value of the legal act, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.

The independent limited assurance report performed by the financial auditor regarding the transactions reported by Electrica according to art. 82 of Law no. 24/2017 will be made public in maximum 30 days from the end of the reporting period, according to the provisions of art. 144 letter B para (4) of FSA Regulation no. 5/2018. 

Chief Executive Officer                                                          Chief Strategy Officer                                   

Georgeta Corina Popescu                                                      Anamaria Acristini-Georgescu         

 


Annex 1: Details regarding legal acts of the kind listed in Art. 82 of Law No. 24/2017 concluded by Electrica in Semester II 2019

Service Supplier: Electrica Furnizare S.A.                                                                                                             

Beneficiary: Societatea Energetica Electrica S.A.

Company

Agreement Type and No., execution date

Scope of the agreement

Amount (RON th.)

Date of entry into force

Expiry date

Receivables/
mutual debts

Guarantees (RON th.)

Penalties

Payment due dates and payment methods

Electrica Furnizare S.A.

Electricity supply agreement for eligible non-household customers no. 139/20.12.2019

Electricity supply at the consumption place located at 9, Grigore Alexandrescu str., District 1, Bucharest,

(administrative headquarters of SE Electrica SA)

400

01 January 2020

31 December 2020

RON 5.128 receivable of Societatea Energetica Electrica SA from Electrica Furnizare SA.

N/A

Non-payment of the invoice in maximum 20 days from the due date will result in penalties for each day of delay, as follows:

a) late payment penalties in the amount of 0.1% for each day of delay will be calculated for due unpaid debts, starting with the due date (excluded) and up to the payment date (included);

b) the total value of the penalties cannot exceed the value of the invoice.

10 days from the date of issue of the invoice

Electrica Furnizare S.A.

Products supply agreement no. 137/19.12.2019

Installation of automatically adjustable compensation batteries

12.1

19 December 2019

15 April 2020

 

RON 5.128 receivable of Societatea Energetica Electrica SA from Electrica Furnizare SA.

 

 

N/A

Beneficiary: has the right to perceive and invoice as penalties a sum equivalent to 0.04% for each day of delay, calculated from the value of the unfulfilled  agreement obligations, until completing the agreement obligations, without exceeding this value. Payment due dates: 15 days from the date of issue of the penalties invoice.

Service supplier: has the right to invoice as penalties a sum equivalent to 0.04% per day, calculated from the unpaid amount, until the completion of the payment obligations, without exceeding the unpaid amount. Payment due dates – 15 days from the date of issue of the penalties invoice.

30 days from the date of receipt of the invoice