Soecietatea Energetica Electrica S.A.

Related Party Transaction • Dec 5, 2022

National Storage Mechanism | Additional information

RNS Number : 6448I

Societatea Energetica Electrica SA

05 December 2022

To:                              Romanian Financial Supervisory Authority (FSA)

Bucharest Stock Exchange (BSE)

London Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, FSA Regulation no. 5/2018 on issuers of financial instruments and market operations, and the Bucharest Stock Exchange Code

Report date: 5 December 2022

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 (BSE) and London Stock Exchange (LSE)

Significant events to be reported: Transactions with related parties according to Art. 108 of Law No. 24/2017 concluded by Electrica Furnizare SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica), with OPCOM

Electrica informs its shareholders and investors about the conclusion/execution, in the period 30 September 2022 - 2 December 2022, of some transactions between EFSA, Electrica's subsidiary, and OPCOM, whose cumulated value exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements at 30 June 2022, respectively exceeds the value of RON 199,059,726.

Details regarding these transactions, containing information about the date of execution, type of transaction, description of its scope, total value of the transaction, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in the Annex below.

CFO                                                                                                               

Stefan Frangulea                                                                               

Annex: Details regarding the transactions concluded by EFSA with OPCOM in the period 30 September - 2 December 2022 of the kind listed in Art. 108 of Law No. 24/2017

Agreement Type and No., execution date	Scope of the agreement	Value of transactions (RON th.)	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties (RON th.)	Payment due dates and payment methods
Buyer: EFSA Seller: OPCOM
1. Convention No. 38156/ 18 Aug 2021	Sell - purchase of electricity - DAM Transaction and administration tariff - DAM	284,250	18 August 2021	undetermined	65,000	See Note 1 below	OPCOM S.A. issues the invoices with the date of the last day of the delivery month and sends them, electronically signed, by e-mail, to the DAM Participants in the first three working banking days of the month following the delivery month. The DAM participant has the obligation to ensure the necessary funds in the current account opened with the Settlement Bank, in order to debit the amounts related to the value of the net payment obligations.
2. Convention PC OTC 38107/ 17Aug2021	Centralized Market organization and administration services with continuous double negotiation of bilateral electricity contracts	3	17 August 2021	undetermined	N/A	-	DAM participants issue invoices, with dates of the last day of the delivery month, and send them to OPCOM S.A. by email/fax, in the first three bank working days of the month following the month of delivery and in original or with an electronic signature, at the latest by the 10th of the month following the month of delivery. Payment is made by the 10th calendar day of the following month.
3. Convention PC ESRE CV 38106/ 17Aug2021	Centralized Market organization and administration services for electricity from renewable sources supported through green certificates	62	17 August 2021	undetermined	N/A	-
4. Convention NGM - long term 42679/2019	NGM Trading tariff - REMIT tariff	1	26 August 2019	undetermined	N/A	-	The invoice is sent electronically (by e-mail), monthly, to the contractual partner, in the first 5 working days of the month following the month for which the services are provided and it will include 1/12 of the annual value of each tariff (to which VAT is added as the case may be). Payment is made in maximum 5 working days from the date of receipt of the invoice.
5. Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021	Sell - purchase of electricity - IM Trading and administrative tariffs - IM	17,785	17 August 2021	undetermined	17,401	See Note 1 below	OPCOM issues invoices dated the last day of the month of delivery and sends them, electronically signed, by email to the Participants on IM in the first three working banking days of the month following the month of delivery. The IM participant has the obligation to ensure the necessary availability in the current account opened at the Settlement Bank, in order to debit the amounts related to the value of the net payment obligations. The payment of the transaction and administration fee invoice - IM is made by the participant in the respective market, in full by bank transfer, with payment order, within a maximum of 5 working days from the date of receipt of the invoice.
Seller: EFSA Buyer: OPCOM
6. Convention No. 38156/ 18 Aug 2021	Sell - purchase of electricity - DAM	25,293	18 August 2021	undetermined	N/A	-	DAM participants issue invoices, with dates of the last day of the delivery month, and send them to OPCOM S.A. by email/fax, in the first three bank working days of the month following the month of delivery and in original or with an electronic signature, at the latest by the 10th of the month following the month of delivery. Payment is made by the 10th calendar day of the following month.
7. Convention for Participation on the Intraday Market no. 38103/ 17 Aug 2021	Sell - purchase of electricity - IM	16,759	17 August 2021	undetermined	N/A	-	IM Participants issue the invoices, with the date of the last day of the delivery month and send them to OPCOM S.A. by e-mail / fax, in the first three working banking days of the month following the month of delivery and in original or with electronic signature, at the latest by the 10th of the month following the month of delivery. Payment is made by the 10th calendar day of the following month.

Total executed amount during 30 September - 2 December 2022: RON 344,152.30 th.

Due and not due mutual receivables of EFSA from OPCOM at 29 Nov 2022: RON 0 th.

Due and not due mutual debts of EFSA to OPCOM at 29 Nov 2022: RON 120,421.44 th.

Note 1: Major non-fulfillment of the payment obligation entitles OPCOM to suspend the DAM/IM Participant's right to trade for a maximum of one month. The suspension is lifted after the payment has been made. It constitutes a situation of non-fulfillment of the obligations by a DAM/IM Participant, the situation in which the DAM/IM participant's account does not have sufficient availability related to the payment obligation, having as a consequence the Bank's refusal to execute the direct debit instruction and the issuance by OPCOM of the request of payment in execution for the amount owed

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