27 Apr 2018 18:16
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: 27 April 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 3,459,399,290
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 Electrica in Semester I 2018 - Services contracts to the distribution subsidiaries
Electrica informs its shareholders and investors about the conclusion, on April 27, 2018, of legal acts, each with a value greater than EUR 50,000, with Societatea de Distribuție a Energiei Electrice "Muntenia Nord" SA (SDMN), Societatea de Distribuție a Energiei Electrice "Transilvania Nord" SA (SDTN) and Societatea de Distribuție a Energiei Electrice "Transilvania Sud" SA (SDTS), affiliates, where Electrica is the main shareholder.
Details regarding the agreements concluded by Electrica, as service supplier, with SDMN, SDTN and SDTS, as beneficiaries, 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 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 Service Supplier: Societatea Energetică Electrica S.A. Beneficiary: Societatea de Distribuție a Energiei Electrice "Muntenia Nord" SA, Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA, Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA
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Company | 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 |
Societatea de Distribuție a Energiei Electrice "Muntenia Nord" SA | Services contract no. 153/ 27.04.2018 | Rendering services in the AMR system
| 5,496 | 1 April 2018 | 30 Sept 2018 | 0 | 55 | Beneficiary: Any non-payment of the amount owed to the supplier will be subject to a 0.005% penalty for each day of delay exceeding 30 days after the invoice has become due. | 45 days from the invoice communication date |
Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA | Services contract no. 155/ 27.04.2018 | Rendering services in the AMR system
| 8,943 | 27 April 2018 | 27 April 2019 | 0 | 89 | Supplier: If, due to its exclusive fault, the supplier doesn not full the obligations assumed in the agreement, the beneficiary has the righ to invoice daily penalties in amount 0.03% per day of delay from the unfulfilled or dealyed value, until the obligations are fulfilled by the supplier. Beneficiary: in case the beneficiary does not pay the invoice in 30 days from the term set at art. 9.1, the supplier has the righ to invoice daily penalties in amount of 0.03% from the outstanding balance, until the agreement obligations are fulfilled. | 45 days from the registration date at the beneficiary
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Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA | Services contract no. 154/ 27.04.2018 | Rendering services in the AMR system
| 7,354 | 1 April 2018 | 31 Dec 2018 | 0 | 74 | Supplier: If, due to its exclusive fault, the supplier doesn not full the obligations assumed in the agreement, the beneficiary has the righ to invoice daily penalties in amount 0.03% per day of delay from the unfulfilled or dealyed value, until the obligations are fulfilled by the supplier. Beneficiary: in case the beneficiary does not pay the invoice in 30 days from the term set at art. 9.1, the supplier has the righ to invoice daily penalties in amount of 0.03% from the outstanding balance, until the agreement obligations are fulfilled. | 60 de days from the registration date at the beneficiary |
Electrica Regs (ELSA)