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SOCIETATEA ENERGETICA ELECTRICA S.A. - EL

Transactions reported acc. to art. 92 ind. 3 Law 24/2017

Release Date: 12/30/2020 4:54:35 PM

IRIS Code: 57F32

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:  30 December 2020

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 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB) and London Stock Exchange (LSE)

 

Significant events to be reported: Transactions reported according to Art. 923 para (12) of Law No. 24/2017 

Electrica informs its shareholders and investors about the conclusion, on 30 December 2020, of several transaction between Electrica Furnizare SA (EFSA) and S.P.E.E.H. Hidroelectrica S.A. (Hidroelectrica), transactions that have a value that, cumulated with the rest of the transactions concluded/executed in the last 12 months, exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, respectively exceeds the value of RON 199,406,795.

Details regarding the transactions concluded on 30 December 2020, containing information about the date of execution, type of transactions, description of their scope, total value of the transactions, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.

 

Chief Executive Officer                                                                                            

Georgeta Corina Popescu                                                     


 

Annex 1: Details regarding the transactions concluded by EFSA with Hidroelectrica on 30 December 2020 of the kind listed in Art. 92^3 of Law No. 24/2017

Buyer: EFSA

Seller: Hidroelectrica

 

Parties of the transaction

Agreement Type and No., execution date

Scope of the agreement

Amount (RON th.)

Date of entry into force

Expiry date

Guarantees (RON th.)

Penalties (RON th.)

Payment due dates and payment methods

Hidroelectrica and EFSA

Transaction No. 37030/ 30 Dec 2020, annex  to EFET contract No. 872/29 Dec 2015, concluded on 29 December 2020 on OPCOM platform, awarded through PC-OTC auction

Sale and purchase of electricity

495.60

4 January 2021

10 January 2021

2,000 (the guarantee is constituted in order to cover transactions to be concluded on the basis of the EFET contract No. 872/ 29 Dec 2015, valid until 25.01.2021)

Total cancellation penalties can be calculated at the time of cancellation only, these being calculated according to the quantity not delivered.

The seller sends the invoice during the next month after the month of delivery.

The payment is made until the 20th calendar day or the next day if it is not a financial day or until the 5th day from receiving the original invoice in the seller's account

Hidroelectrica and EFSA

Transaction No. 37051/ 30 Dec 2020, annex  to EFET contract No. 872/29 Dec 2015, concluded on 29 December 2020 on OPCOM platform, awarded through PC-OTC auction

Sale and purchase of electricity

1,168.08

1 January 2021

31 January 2021

2,000 (the guarantee is constituted in order to cover transactions to be concluded on the basis of the EFET contract No. 872/ 29 Dec 2015, valid until 25.01.2021)

Total cancellation penalties can be calculated at the time of cancellation only, these being calculated according to the quantity not delivered.

The seller sends the invoice during the next month after the month of delivery.

The payment is made until the 20th calendar day or the next day if it is not a financial day or until the 5th day from receiving the original invoice in the seller's account

Hidroelectrica and EFSA

Transaction No. 37058/ 30 Dec 2020, annex  to EFET contract No. 872/29 Dec 2015, concluded on 30 December 2020 on OPCOM platform, awarded through PC-OTC auction

Sale and purchase of electricity

493.92

4 January 2021

10 January 2021

2,000 (the guarantee is constituted in order to cover transactions to be concluded on the basis of the EFET contract No. 872/ 29 Dec 2015, valid until 25.01.2021)

Total cancellation penalties can be calculated at the time of cancellation only, these being calculated according to the quantity not delivered.

The seller sends the invoice during the next month after the month of delivery.

The payment is made until the 20th calendar day or the next day if it is not a financial day or until the 5th day from receiving the original invoice in the seller's account

Hidroelectrica and EFSA

Transaction No. 37059/ 30 Dec 2020, annex  to EFET contract No. 872/29 Dec 2015, concluded on 30 December 2020 on OPCOM platform, awarded through PC-OTC auction

Sale and purchase of electricity

493.92

4 January 2021

10 January 2021

2,000 (the guarantee is constituted in order to cover transactions to be concluded on the basis of the EFET contract No. 872/ 29 Dec 2015, valid until 25.01.2021)

Total cancellation penalties can be calculated at the time of cancellation only, these being calculated according to the quantity not delivered.

The seller sends the invoice during the next month after the month of delivery.

The payment is made until the 20th calendar day or the next day if it is not a financial day or until the 5th day from receiving the original invoice in the seller's account

Hidroelectrica and EFSA

Transaction No. 37060/ 30 Dec 2020, annex  to EFET contract No. 872/29 Dec 2015, concluded on 30 December 2020 on OPCOM platform, awarded through PC-OTC auction

Sale and purchase of electricity

246.96

4 January 2021

10 January 2021

2,000 (the guarantee is constituted in order to cover transactions to be concluded on the basis of the EFET contract No. 872/ 29 Dec 2015, valid until 25.01.2021)

Total cancellation penalties can be calculated at the time of cancellation only, these being calculated according to the quantity not delivered.

The seller sends the invoice during the next month after the month of delivery.

The payment is made until the 20th calendar day or the next day if it is not a financial day or until the 5th day from receiving the original invoice in the seller's account

Hidroelectrica and EFSA

Transaction No. 37061/ 30 Dec 2020, annex  to EFET contract No. 872/29 Dec 2015, concluded on 30 December 2020 on OPCOM platform, awarded through PC-OTC auction

Sale and purchase of electricity

246.96

4 January 2021

10 January 2021

2,000 (the guarantee is constituted in order to cover transactions to be concluded on the basis of the EFET contract No. 872/ 29 Dec 2015, valid until 25.01.2021)

Total cancellation penalties can be calculated at the time of cancellation only, these being calculated according to the quantity not delivered.

The seller sends the invoice during the next month after the month of delivery.

The payment is made until the 20th calendar day or the next day if it is not a financial day or until the 5th day from receiving the original invoice in the seller's account

Hidroelectrica and EFSA

Transaction No. 37062/ 30 Dec 2020, annex  to EFET contract No. 872/29 Dec 2015, concluded on 30 December 2020 on OPCOM platform, awarded through PC-OTC auction

Sale and purchase of electricity

493.92

4 January 2021

10 January 2021

2,000 (the guarantee is constituted in order to cover transactions to be concluded on the basis of the EFET contract No. 872/ 29 Dec 2015, valid until 25.01.2021)

Total cancellation penalties can be calculated at the time of cancellation only, these being calculated according to the quantity not delivered.

The seller sends the invoice during the next month after the month of delivery.

The payment is made until the 20th calendar day or the next day if it is not a financial day or until the 5th day from receiving the original invoice in the seller's account

Transactions total amount (RON th.):

3,639.36

 

 

Due and not due mutual receivables of EFSA to Hidroelectrica at 29.12.2020: RON 0 th.

Due and not due mutual debts of EFSA to Hidroelectrica at 29.12.2020: RON 0 th.

 



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