BUCHAREST - Societatea Energetica Electrica SA (Electrica), a leading Romanian energy company, has announced the completion of significant related party transactions between its subsidiaries Distributie Energie Electrica Romania SA (DEER) and Electrica Furnizare SA (EFSA). The transactions, which took place between December 28, 2024, and January 15, 2025, have a cumulative value that surpasses the 5% threshold of Electrica's net assets as recorded on June 30, 2024, amounting to over RON 200,247,479.
The transactions in question involve various dealings between DEER and EFSA, which are both part of the Electrica Group. The details of these transactions, including execution dates, types, scope descriptions, total values, expiration dates, mutual debts and receivables, guarantees, penalties, and payment methods, are outlined in an annex provided by the company.
Electrica has complied with current reporting obligations by disclosing these transactions to the Romanian Financial Supervisory Authority (FSA), the Bucharest Stock Exchange (BSE), and the London Stock Exchange (LON:LSEG) (LSE). The report adheres to the requirements of Law 24/2017 on issuers of financial instruments and market operations, as well as ASF Regulation no. 5/2018 and the Bucharest Stock Exchange Code.
As per the company's statement, the disclosure aims to maintain transparency with shareholders and investors regarding its financial activities, particularly those that involve significant amounts relative to the company's assets.
The London Stock Exchange news service RNS, which is approved by the Financial Conduct Authority in the UK, provided this information. The terms and conditions related to the use and distribution of this information may apply.
It is important to note that the disclosure of these transactions does not necessarily indicate any change in Electrica's operational performance or strategic direction. The announcement is based on a press release statement and is intended to keep the investment community informed about Electrica's compliance with financial reporting standards and regulatory requirements.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.