Last checked at 29 Mar 2018 07:10
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 March 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
Referring to the information presented in the current report published on 7 March 2018 regarding the transfer of the Balancing Responsible Party activity ("BRP") from Societatea Energetica Electrica S.A. ("Electrica S.A.") to Electrica Furnizare S.A. ("EFSA"), Electrica informs its shareholders and investors about the conclusion, on 28 March 2018, of a legal act with a value greater than EUR 50,000 with EFSA, affiliate, where Electrica is the majority shareholder.
Details regarding the agreement concluded by Electrica, as Assignor, with EFSA, as Assignee, 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 to the current report.
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 according 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
Beneficiary: Societatea Energetica Electrica S.A.
Service Supplier: Electrica Furnizare S.A.
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 |
Business Transfer Agreement no. 42/28.03.2018 | Business Transfer of Balancing Responsible Party activities | 19,762* | 28 March 2018 / 01 April 2018 | - | 0 | 0 | . | 60 calendar days from the Transfer Date
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* the transaction's price was established considering the transferred activity's fair market value, based on a valuation report delivered by an ANEVAR authorized valuator