Last checked at 29 Jul 2019 14:49
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: 29 July 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 3,459,399,290
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 - Services agreement concluded with a distribution subsidiary - SDTS
Electrica informs its shareholders and investors about the conclusion, on 26 July 2019, of a legal act with a value greater than EUR 50,000, with Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA (SDTS), affiliate, where Electrica is the main shareholder.
Details regarding the agreement concluded by Electrica, as beneficiary, with SDTS, 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, guarantees, penalties, payment due dates and payment methods are presented in Annex 1.
The independent limited assurance report performed by a 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 acccording to the provisions of art. 144 letter B para (4) of ASF Regulation no. 5/2018.
Chief Corporate Governance and M&A Officer
Alexandra Borislavschi
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: Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA Beneficiary: Societatea Energetica Electrica S.A.
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Company (service supplier) | Agreement Type and No. | Scope of the agreement | Amount (RON th.) | Date of execution/ entry into force | Expiry date | Mutual debts | Guarantees (RON th.) | Penalties | Payment due dates and payment methods |
Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA | Services agreement no. 87/ 26.07.2019 | Rendering services of mettering systems installation | 280 | 26 July 2019 | 25 July 2020 | RON 295.593 th. receivable of Societatea Energetica Electrica SA from Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA | 0 | Beneficiary: any delay in providing the agreement services by the supplier will be subject to a penalty of 0.04% per day for each day of delay, calculated from the residual agreement value, until completing the agreement obligations, without exceeding the residual agreement value.
Service supplier: has the right to invoice as penalties a sum equivalent to 0.04% per day for each day of delay, calculated from the unpaid amount, until the completion of the payment obligations, without exceeding the unpaid amount. | 30 days from the invoice receiving date |