Last checked at 29 May 2018 16:36
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, the Romanian Capital Market Law no. 297/2004, CNVM Regulation no. 1/2006, and the Bucharest Stock Exchange Code
Report date: 29 May 2018
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 3,459,399,2903
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 Electrica in Semester I 2018
Electrica informs its shareholders and investors about the conclusion, on May 29, 2018, of a legal act with a value greater than EUR 50,000 with Servicii Energetice Muntenia SA, affiliate, where Electrica is the sole shareholder.
Details regarding the agreement concluded by Electrica, as lender, with Servicii Energetice Muntenia SA, as borrower, containing information about the date of execution, type of legal act, description of its scope, total value of the legal act, expiry date, mutual claims, guarantees, penalties, deadlines and payment methods are presented in Annex 1.
The report of factual findings regarding the transactions reported by Electrica according to art. 82 of Law no. 24/2017 that will be performed by a financial auditor, will be made public in maximum 30 days from the end of the reporting period acccording to the provisions of art. 113 letter G para (6) of CNVM Regulation no. 1/2006.
CEO
Dan Catalin Stancu
Annex 1: Details regarding legal acts of the kind listed in Art. 82 of Law No. 24/2017 concluded by Electrica in Semester I 2018
Lender: Societatea Energetica Electrica S.A.
Borrower: Servicii Energetice Muntenia SA
Agreement Type and No. | Scope of the agreement | Amount (RON th.) | Date of execution/ entry into force | Expiry date | Mutual claims | Guarantees (RON th.) | Penalties | Deadlines and payment methods |
Loan Agreement no. 167/29.05.2018 | Granting of a loan in amount of up to 5,500,000 RON | 5,500 | 29 May 2018 | 29 May 2020 |
RON 1,492,947.36 receivable of Societatea Energetica Electrica SA from Servicii Energetice Muntenia SA | Mortgage agreement on a real estate guaranteeing the fulfillment of the guaranteed obligations, respectively the repayment of the total amount of 5,500 th. RON and the payment of any penalties, fees, other taxes, as well as all other costs. | Lender: In the event of non-payment of the Loan (total or partial), the Lender reserves the right to charge penalties of 0.01% for each day of delay for the period between the day following the maturity of the borrowed amount and the actual payment date. | For the Loan Amount, the Interest will be paid quarterly, based on the invoice issued by the Lender in the first days of the current quarter for the preceding quarter. The invoice relating to the interest calculated and due shall be paid within 30 days from the date of issue of the invoice. |