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Report according art. 82 Law 24/2017 - Agreement concluded in H2 2019 with SDTN

Release Date: 10/16/2019 2:42:04 PM

IRIS Code: 4D6A4

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:  16 October 2019

Company name: Societatea Energetica Electrica SA (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 - SDTN


Electrica informs its shareholders and investors about the conclusion, on 14 October 2019, of a legal act with a value greater than EUR 50,000, with Societatea de Distributie a Energiei Electrice „Transilvania Nord” SA (SDTN), affiliate, where Electrica is the main shareholder.

Details regarding the agreement concluded by Electrica, as service supplier, with SDTN, as beneficiary, 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 issued by the 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 Strategy Officer                                                                       

Anamaria Acristini-Georgescu                                             



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 Energetica Electrica SA                                                                                                                              

Beneficiary: 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 debts/receivables

Guarantees (RON th.)


Payment due dates and payment methods

Societatea de Distributie a Energiei Electrice „Transilvania Nord SA

Services agreement no. 114 / 14.10.2019

Rendering services in the  AMR system


14 October 2019

13 December 2019

RON 367,259 th. receivable of Societatea Energetica Electrica SA from Societatea de Distributie a Energiei Electrice „Transilvania Nord SA


Beneficiary: Any delay in providing the agreement services by the supplier will be subject to a penalty of 0.03% for each day of delay, calculated based on the unfulfilled agreement obligations, without exceeding the residual agreement value.


Service Supplier: has the right to invoice as penalties a sum equivalent to 0.03% per day of delay, calculated from the unpaid amount, until the completion of the payment obligations, without exceeding the unpaid amount.

45 days from the invoice receiving date




Information provided by IRIS, the news platform of the Bucharest Stock Exchange.


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