5 Apr 2018 15:07
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: 5 Apr 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 - Intra-group loans to the distribution subsidiaries
Reffering to the information presented in the current report published on 7 March 2018 regarding the approval of the granting of intra-group loans, of RON 520 millions, by Electrica in favour of the distribution subsidiaries, for financing part of the 2018 CAPEX Plan, Electrica informs its shareholders and investors about the conclusion on 5 April 2018 of legal acts, each with a value greater than EUR 50,000, with Societatea de Distributie a Energiei Electrice "Muntenia Nord" SA (SDMN), Societatea de Distributie a Energiei Electrice "Transilvania Nord" SA (SDTN) and Societatea de Distributie a Energiei Electrice "Transilvania Sud" SA (SDTS), affiliates, where Electrica is the main shareholder.
Details regarding the agreements concluded by Electrica, as lender, with SDMN, SDTN and SDTS, as borrowers, 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, 2 and 3 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
Lender: Societatea Energetica Electrica S.A.
Borrower: Societatea de Distributie a Energiei Electrice "Muntenia Nord" 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. 74/05.04.2018 | Granting of a loan in amount of up to 230,000,000 RON | 230,000 | 5 Apr 2018 | 4 Apr 2025 | 0 | 0 | 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 it. | 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. |
Annex 2: 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: Societatea de Distributie a Energiei Electrice "Transilvania Nord" 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. 75/05.04.2018 | Granting of a loan in amount of up to 160,000,000 RON | 160,000 | 5 Apr 2018 | 4 Apr 2025 | 0 | 0 | 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 it. | 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. |
Annex 3: 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: Societatea de Distributie a Energiei Electrice "Transilvania Sud" 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. 73/05.04.2018 | Granting of a loan in amount of up to 130,000,000 RON | 130,000 | 5 Apr 2018 | 4 Apr 2025 | 0 | 0 | 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 it. | 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. |
Electrica Regs (ELSA)