BUCHAREST - Societatea Energetica Electrica SA (Electrica), a leading Romanian power company, has disclosed the execution of significant transactions between its subsidiaries Distributie Energie Electrica Romania SA (DEER) and Electrica Furnizare SA (EFSA). These transactions, concluded between October 10 and December 4, 2024, have surpassed the threshold of 5% of Electrica's net assets as per the company's financial statements on June 30, 2024, which equates to more than RON 200,247,479.
The details of these transactions, as per the announcement made today, include the date of execution, type, scope, total value, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates, and methods. This information is critical for shareholders and investors to understand the financial dealings within the Electrica group.
Electrica is listed on both the Bucharest Stock Exchange (BSE) and the London Stock Exchange (LON:LSEG) (LSE), and the transactions fall under the scrutiny of the Romanian Financial Supervisory Authority (FSA). The company has complied with the reporting requirements set forth by the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code.
The completion of these transactions is part of Electrica's regular business operations, as the company continues to manage its subsidiaries and their interactions. While the exact nature of the transactions has not been detailed in this report, the announcement ensures transparency in Electrica's financial activities and compliance with market regulations.
This report is based on a press release statement and is intended to provide shareholders and potential investors with timely and accurate information about Electrica's financial movements and compliance with legal and market regulations.
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