BUCHAREST – Societatea Energetica Electrica SA (Electrica), a leading Romanian energy company, has disclosed to its shareholders and investors a series of related party transactions that exceed 5% of the company’s net assets. These transactions, concluded between December 5 and December 27, 2024, involve Electrica’s subsidiaries Distributie Energie Electrica Romania SA (DEER) and Electrica Furnizare SA (EFSA).
The total value of the transactions exceeds the threshold of 200,247,479 RON, based on the individual financial reports of Electrica as of June 30, 2024. The company provided detailed information on the transactions, including execution dates, types, scope, total value, expiration dates, mutual debts and claims, guarantees, penalties, terms and methods of payment. These details are included as an attachment to the company’s current report.
Electrica is listed on the Bucharest Stock Exchange (BSE) and on London Stock Exchange (LON:) (LSE), and the transactions were reported in accordance with Law 24/2017 on issuers of financial instruments and market operations, Regulation ASF no. 5/2018, and the Codex of the Bucharest Stock Exchange.
The company’s Chief Financial Officer, Stefan Frangulea, signed the report dated today, December 30, 2024. This announcement is a routine announcement that Electrica is required to make according to market regulations due to the size of the transactions in relation to the company.
The reporting of these transactions is part of Electrica’s commitment to transparency with its shareholders and the investment community. The information is based on a press release and is intended to inform the market about significant financial transactions within the company’s operations.
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