Related Party Transaction • Sep 10, 2021
Related Party Transaction
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To the: Bucharest Stock Exchange – Department of Operations Issuers Regulated Markets Financial Supervision Authority - General Directorate Supervision - Issuers Division
Current report according to the provisions of article 108 of Law 24/2017 Date of current report: 10 September 2021 Name of Issuer Company: CNTEE TRANSELECTRICA SA, managed under two-tier system Headquarters: Blvd. Gheorghe Magheru 33, Bucharest 1 Working location: Str. Olteni 2-4, Bucharest 3 Phone / fax numbers: 021 30 35 611 / 021 30 35 610 Single registration code: 13328043 LEI Code: 254900OLXCOUQC90M036 Number in the Trade Register: J40/8060/2000 Share capital subscribed and paid: 733,031,420 Lei Regulated market where the issued securities are transacted: Bucharest Stock Exchange
In addition to the current reports disseminated by means of the capital market institutions on 23 August and on 01 September 2021, whereby Transelectrica informed the interested public with respect to concluding a significant transaction with its subsidiary, Company of Maintenance Services for the Electricity Transmission Grid SMART SA, namely contract C266/2021, corroborated with the provisions of para (13) article 108 of L-24/2017, as republished, we hereby publish the information / data associated to contract C 64/2021.
| Relation with the affiliated party |
Subsidiary controlled by the Company with 100% holding of share capital |
|---|---|
| Name of affiliated party |
Company of Maintenance Services for the Electricity Transmission Grid SMART SA |
| Date and type of transaction |
15.03.2021 - Sectoral Contract of work execution concluded as per Law 99/2016 regarding sectoral procurements, with later amendments and additions; |
| Contractual object: |
Executing and completing the "400 kV Shunt Reactor Installation in Substation Sibiu Sud (execution)" |
| Transaction value: | 1,247,532.97 Lei, VAT free |
| Mutual liabilities: | There is no such provision |
LANGUAGE DISCLAIMER: This document represents the English version of the original official Romanian document filed with the Financial Supervisory Authority ASF. The English version has been created for English readers' convenience. Reasonable efforts have been made to provide an accurate translation, however, discrepancies may occur. The Romanian version of this document is the original official document. Any discrepancies or differences created in the translation are not binding. If any questions arise related to the accuracy of the information contained in the English version, please refer to the Romanian version of the document which is the official version.
Constituted securities Performance bond of the contract constituted by the contractor amounting to 124,753.30 Lei, representing 10% of the VAT-free contractual value;
The contractor guarantees the products / materials, the provided services and executed work for 60 months, beginning with the date of the Commissioning Acceptance Minutes (objection free) for all the work.
Terms and modes of payment: The purchaser is obliged to make payment to the contractor or the subcontractor within 30 days from the purchaser's registration of the invoice. The invoice will be submitted to the purchaser when this one has verified and accepted the payment situation. The part / parties executed by the subcontractor will be specified distinctly in the invoices issued by the contractor. Invoices will be paid by bank transfer, to the contractor's bank and account or to the subcontractor's, or by other modes of payment provided by applicable legislation.
Other essential information necessary to determine the effects of such transaction on the financial situation of TEL, namely in order to enable assessing the economic correctness of this transaction in TEL's terms and the shareholders' that are not affiliated party, including the minority shareholders
The granting procedure applied: open bid, performed in accordance with the provisions of Law 99/2016 regarding sectoral procurements, with later amendments and additions.
Executive Director General Directorate Chairman
Bogdan TONCESCU Ionut-Bogdan GRECIA
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