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Soecietatea Energetica Electrica S.A.

Related Party Transaction • Aug 6, 2021

2280_rns_2021-08-06_cec42ed7-2be3-480d-8724-6704ae09329b.pdf

Related Party Transaction

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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: 6 August 2021

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 with related parties according to Art. 923para (12) of Law No. 24/2017 concluded by Electrica Furnizare SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica), with Societatea Nationala Nuclearelectrica S.A. (SNN)

Electrica informs its shareholders and investors about the conclusion, on 5 August 2021, of several transactions between EFSA, Electrica's subsidiary, and SNN, that has a value that, cumulated with the rest of the transactions concluded/executed in the period 1 January – 5 August 2021, exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2020, respectively exceeds the value of RON 202,466,778.

Details regarding the transactions concluded on 5 August 2021, together with the rest of the transactions already concluded in the period 1 January – 5 August 2021, 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 Annex 1.

Chief Executive Officer Georgeta Corina Popescu

Annex 1: Details regarding the transactions concluded by EFSA with SNN in the period 1 January – 5 August 2021 of the kind listed in Art. 923 of Law No. 24/2017

Agreement Type and
No., execution date		 Scope of the
agreement		 Amount
of
transactio
ns		 Date of
entry into
force		 Expiry date Guarantees
(RON th.)		 Penalties (RON th.) Payment due dates and payment
methods
Buyer: EFSA
Seller: SNN
Transaction ID 39755
/
16 Jun 2021, annex to
EFET contract No.
1561/19 Dec 2018,
concluded on PC-OTC		 Sell
and purchase
of
electricity
in the
period 01.07.2021 –
31.12.2021		 8,944.43 16 June
2021		 31 December
2021		 40,000 (the
guarantee is
constituted in
order to cover
the
transactions to
be concluded
on the basis of
the EFET
contract no.
1561 between
04.02.2020
until
15.02.2022)		 Total cancellation penalties can be
calculated at the time of
cancellation only, as these are
calculated according to the
unaccepted
hourly amount of
energy at the price determined
according to the contract.		 Starting with the last calendar day
of the contractual delivery month,
but not later than the tenth calendar
day (10th) of the month following
deliveries, the Seller will send to
the Buyer an invoice detailing the
total
quantities
of
electricity
delivered,
according
to
the
Schedule of delivery from the
previous calendar month. Payment
is made latest on the payment
deadline written on the invoice,
respectively not later than 20
calendar days from the date of
receipt of the invoice, by fax or
email, from the Seller.
Transaction ID 39749 /
16 Jun 2021, annex to
EFET contract No.
1561/19 Dec 2018,
concluded on PC-OTC		 Sell and purchase of
electricity
in the
period 01.01.2022 –
31.12.2022		 15,483.30 16 June
2021		 31 December
2022		 40,000 (the
guarantee is
constituted in
order to
cover
the
transactions to
be concluded
on the basis of
the EFET
contract no.
1561 between
04.02.2020
until
15.02.2022)		 Total cancellation penalties can be
calculated at the time of
cancellation only, as these are
calculated according to the
unaccepted
hourly amount of
energy at the price determined
according to the contract.		 Starting with the last calendar day
of the contractual delivery month,
but not later than the tenth calendar
day (10th) of the month following
deliveries, the Seller will send to
the Buyer an invoice detailing the
total
quantities
of
electricity
delivered,
according
to
the
Schedule of delivery from the
previous calendar month. Payment
is made latest on the payment
deadline written on the invoice,
respectively not later than 20
calendar days from the date of
receipt of the invoice, by fax or
email, from the Seller.
Transaction ID 39753 /
16
Jun 2021, annex to
EFET contract No.
1561/19 Dec 2018,
concluded on PC-OTC		 Sell and purchase of
electricity
in the
period 01.01.2022 –
31.12.2022		 15,483.30 16 June
2021		 31 December
2022		 40,000 (the
guarantee is
constituted in
order to cover
the
transactions to
be concluded
on the basis of
the EFET
contract no.
1561 between
04.02.2020
until
15.02.2022)		 Total cancellation penalties can be
calculated at the time of
cancellation only, as these are
calculated according to the
unaccepted
hourly amount of
energy at the price determined
according to the contract.		 Starting with the last calendar day
of the contractual delivery month,
but not later than the tenth calendar
day (10th) of the month following
deliveries, the Seller will send to
the Buyer an invoice detailing the
total
quantities
of
electricity
delivered,
according
to
the
Schedule of delivery from the
previous calendar month. Payment
is made latest on the payment
deadline written on the invoice,
respectively not later than 20
calendar days from the date of
receipt of the invoice, by fax or
email, from the Seller.
Transaction ID 39718 /
14
Jun 2021, annex to
EFET contract No.
1561/19 Dec 2018,
concluded on PC-OTC		 Sell and purchase of
electricity
in the
period 01.01.2022 –
31.12.2022		 30,441.00 14 June
2021		 31 December
2022		 40,000 (the
guarantee is
constituted in
order to
cover
the
transactions to
be concluded
on the basis of
the EFET
contract no.
1561 between
04.02.2020
until
15.02.2022)		 Total cancellation penalties can be
calculated at the time of
cancellation only, as these are
calculated according to the
unaccepted
hourly amount of
energy at the price determined
according to the contract.		 Starting with the last calendar day
of the contractual delivery month,
but not later than the tenth calendar
day (10th) of the month following
deliveries, the Seller will send to
the Buyer an invoice detailing the
total
quantities
of
electricity
delivered,
according
to
the
Schedule of delivery from the
previous calendar month. Payment
is made latest on the payment
deadline written on the invoice,
respectively not later than 20
calendar days from the date of
receipt of the invoice, by fax or
email, from the Seller.
Transaction ID 39899 /
30 Jun 2021, annex to
EFET contract No.
1561/19 Dec 2018,
concluded on PC-OTC		 Sell and purchase of
electricity
in the
period 01.01.2022 –
31.12.2022		 16,425.00 30 June
2021		 31 December
2022		 40,000 (the
guarantee is
constituted in
order to
cover
the
transactions to
be concluded
on the basis of
the EFET
contract no.		 Total cancellation penalties can be
calculated at the time of
cancellation only, as these are
calculated according to the
unaccepted
hourly amount of
energy at the price determined
according to the contract.		 Starting with the last calendar day
of the contractual delivery month,
but not later than the tenth calendar
day (10th) of the month following
deliveries, the Seller will send to
the Buyer an invoice detailing the
total
quantities
of
electricity
delivered,
according
to
the
Schedule of delivery from the
previous calendar month. Payment
1561 between
04.02.2020
until
15.02.2022)		 is made latest on the payment
deadline written on the invoice,
respectively not later than 20
calendar days from the date of
receipt of the invoice, by fax or
email, from the Seller.
Transaction ID 39953 /
13 Jul 2021, annex to
EFET contract No.
1561/19 Dec 2018,
concluded on PC-OTC		 Sell and purchase of
electricity
in the
period 01.01.2022 –
31.12.2022		 17,651.40 13 July 2021 31 December
2022		 40,000 (the
guarantee is
constituted in
order to
cover
the
transactions to
be concluded
on the basis of
the EFET
contract no.
1561 between
04.02.2020
until
15.02.2022)		 Total cancellation penalties can be
calculated at the time of
cancellation only, as these are
calculated according to the
unaccepted
hourly amount of
energy at the price determined
according to the contract.		 Starting with the last calendar day
of the contractual delivery month,
but not later than the tenth calendar
day (10th) of the month following
deliveries, the Seller will send to
the Buyer an invoice detailing the
total
quantities
of
electricity
delivered,
according
to
the
Schedule of delivery from the
previous calendar month. Payment
is made latest on the payment
deadline written on the invoice,
respectively not later than 20
calendar days from the date of
receipt of the invoice, by fax or
email, from the Seller.
Transaction ID 40193 /
4 Aug 2021, annex to
EFET contract No.
1561/19 Dec 2018,
concluded on PC-OTC		 Sell and purchase of
electricity
in the
period 01.01.2022 –
31.12.2022		 17,782.80 4 August
2021		 31 December
2022		 40,000 (the
guarantee is
constituted in
order to
cover
the
transactions to
be concluded
on the basis of
the EFET
contract no.
1561 between
04.02.2020
until
15.02.2022)		 Total cancellation penalties can be
calculated at the time of
cancellation only, as these are
calculated according to the
unaccepted
hourly amount of
energy at the price determined
according to the contract.		 Starting with the last calendar day
of the contractual delivery month,
but not later than the tenth calendar
day (10th) of the month following
deliveries, the Seller will send to
the Buyer an invoice detailing the
total
quantities
of
electricity
delivered,
according
to
the
Schedule of delivery from the
previous calendar month. Payment
is made latest on the payment
deadline written on the invoice,
respectively not later than 20
calendar days from the date of
receipt of the invoice, by fax or
email, from the Seller.
Framework Contract
979/ 5 Aug 2021,
concluded on PCCB
LE-FLEX		 Sell and purchase of
electricity		 18,113.49 5
August
2021		 31 December
2022		 3,076.81 In case of non-payment
of the
invoice at maturity, the Buyer will
be obliged to pay late payment
penalties
whose
interest
level		 The invoice is issued starting with
the first working day of the month
immediately following the delivery
month, but not later than 5 calendar
corresponds as a percentage of
interest due for non-payment of
obligations to the state budget, for
each day of delay, starting with the
first day after maturity , until the
due date of the amount due,
inclusive.
The total compensatory amounts in
case
of
termination
can
be
calculated only at the time of
termination, because it is calculated
according to the quantity not
delivered and the price calculated
according
to
the
contractual
provisions.
Compensation of RON 1,538.41 th
in case of non-submission by EFSA
of the guarantees provided in the
contract in favor of SNN.
Additional compensations of RON
5,955.12 th, in case of termination.		 days after the end of the month.
Payment shall be made: (a) on the
th working day following the date
7
of dispatch of the invoice; or (b) on
th working day of the month
the 8
immediately following the month
of delivery.
Framework Contract
980/ 5 Aug 2021,
concluded on PCCB
LE-FLEX		 Sell and purchase of
electricity		 18,094.66 5
August
2021		 31 December
2022		 3,073.61 In case of non-payment of the
invoice at maturity, the Buyer will
be obliged to pay late payment
penalties whose interest level
corresponds as a percentage of
interest due for non-payment of
obligations to the state budget, for
each day of delay, starting with the
first day after maturity , until the
due date of the amount due,
inclusive.
The total compensatory amounts in
case of termination can be
calculated only at the time of
termination, because it is
calculated according to the quantity
not delivered and the price		 The invoice
is issued starting with
the first working day of the month
immediately following the delivery
month, but not later than 5 calendar
days after the end of the month.
Payment shall be made: (a) on the
th working day following the date
7
of dispatch of the invoice; or (b) on
th working day of the month
the 8
immediately following the month
of delivery.
calculated according to the
contractual provisions.
Compensation of RON 1,536.80 th
in case of non-submission by
EFSA of the guarantees provided
in the contract in favor of SNN.
Additional compensations of RON
5,948.93 th, in case of termination.
In case of non-payment of the
invoice at maturity, the Buyer will
be obliged to pay late payment
penalties whose interest level
corresponds as a percentage of
interest due for non-payment of
obligations to the state budget, for
each day of delay, starting with the
first day after maturity , until the
due date of the amount due,
inclusive.
Framework Contract
The total compensatory amounts in
days after the end of the month.
981/ 5 Aug 2021,
Sell and purchase of
5
August
31 December
case of termination can be
36,233.11
6,154.67
Payment shall be made:
concluded on PCCB
electricity
2021
2022
calculated only at the time of
7
LE-FLEX
termination, because it is
calculated according to the quantity
the 8
not delivered and the price
of delivery.
calculated according to the
contractual provisions.
Compensations of RON 3,077.33
th in case of non-submission by
EFSA of the guarantees provided
in the contract in favor of SNN.
Additional compensations of RON
11,912.26 th, in case of
termination.
Framework Contract
In case of non-payment of the
982/ 5 Aug 2021,
Sell and purchase of
5
August
31 December
invoice at maturity, the Buyer will
36,233.11
6,154.67
concluded on PCCB
electricity
2021
2022
be obliged to pay late payment
LE-FLEX
The invoice is issued starting with
the first working day of the month
immediately following the delivery
month, but not later than 5 calendar
(a) on the
th working day following the date
of dispatch of the invoice; or (b) on
th working day of the month
immediately following the month
penalties whose interest level The invoice is issued starting with
the first working day of the month
immediately following the delivery
month, but not later than 5 calendar
corresponds as a percentage of
interest due for non-payment
of
obligations to the state budget, for
each day of delay, starting with the
first day after maturity , until the
due date of the amount due,
inclusive.
The total compensatory amounts in
case of termination can be
calculated only at the time of
termination, because it is
calculated according to the quantity
not delivered and the price
calculated according to the
contractual provisions.
Compensations of RON 3,077.33
th in case of non-submission by
EFSA of the guarantees provided
in the contract in favor of SNN.
Additional compensations of RON
11,912.26 th, in case of		 days after the end of the month.
Payment shall be made: (a) on the
th working day following the date
7
of dispatch of the invoice; or (b) on
th working day of the month
the 8
immediately following the month
of delivery.
termination.
Beneficiary: SNN
Provider: EFSA
Contract 294 / 23
Aug
2004
Contract R507 / 01
Aug 2011
AA 9 / 22.07.2021		 Re-invoicing –
pensioners energy
quota
Equivalent value of
electricity granted to
individuals
benefiting from the
provisions of
GD.1041/2003 and
GD.1461/2003		 68.96 23 August
2004		 During the
period GD
1041/2003 is
in force, as it
was
completed
and modified
by GD
1461/2003		 N/A If the payer does not pay the value
of the invoice within 30 days from
the due date, he owes the provider
penalties equal to the level of
interest charged for late payment of
debts to the state budget, for each
day of delay, starting with the first
day after maturity and until full
payment, including the day of
payment.		 The Provider issues the invoice to
the Beneficiary until the 16th of the
month following each month in
which the electricity was invoiced
to the pensioners, called the
reference month.
The payment of the invoice value
will be made by legal means, within
the maturity of 30 calendar days
from the date of issue.

Total executed amount during 1 January – 5 August 2021: RON 230,954.56 th Due and not due mutual receivables of EFSA to SNN at 04.08.2021: RON 0 th. Due and not due mutual debts of EFSA to SNN at 04.08.2021: 40,062.56 th

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