If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Thursday, November 15, 2018 
Market Status: CLOSE
About us and Governance Investor Relations Contact
Advanced search

Market News


SOCIETATEA ENERGETICA ELECTRICA S.A. - EL

Report according art. 82 Law 24/2017 - Contract concluded in H2 2018

Release Date: 10/25/2018 2:18:16 PM

IRIS Code: 66730

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: 25 October 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 II 2018 – Services contracts to the distribution subsidiaries

 

Electrica informs its shareholders and investors about the conclusion, on 24 October 2018, of a legal act with a value greater than EUR 50,000, with Societatea de Distributie a Energiei Electrice „Muntenia Nord” SA (SDMN), affiliate, where Electrica is the main shareholder.

Details regarding the agreement concluded by Electrica, as service supplier, with SDMN, 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 to the current report.

The independent limited assurance report performed by a 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. 

 

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 II 2018

Service Supplier: Societatea Energetica Electrica S.A.                                                                                                                            

Beneficiary: Societatea de Distributie a Energiei Electrice „Muntenia Nord” SA

 

Company

Agreement Type and No.

Scope of the agreement

Amount (RON th.)

Date of execution/ entry into force

Expiry date

Mutual debts

Guarantees (RON th.)

Penalties

Payment due dates and payment methods

Societatea de Distributie a Energiei Electrice „Muntenia Nord SA

Services contract no. 219/24.10.2018

Rendering services in the  AMR system

4,580

1 Oct 2018

28 Feb 2019

RON 1,280.72 th. receivable of Societatea Energetica Electrica SA from Societatea de Distributie a Energiei Electrice „Muntenia Nord SA

46

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

 

 



 Print

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

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved