BUCHAREST - Societatea Energetica Electrica S.A. (Electrica), a leading Romanian power company, has disclosed to its shareholders and investors a series of transactions with related parties 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 surpasses the threshold of RON 200,247,479, based on Electrica's individual financial statements as of June 30, 2024. The company has provided detailed information on the transactions, including execution dates, types, scope, total value, expiry dates, mutual debts and receivables, guarantees, penalties, payment due dates, and methods. These details are included in an annex to the company's current report.
Electrica is listed on both the Bucharest Stock Exchange (BSE) and the London Stock Exchange (LON:LSEG) (LSE), and the transactions were reported in compliance with Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code.
The company's Chief Financial Officer, Stefan Frangulea, signed off on the report, which is dated today, December 30, 2024. This announcement is a routine disclosure that Electrica is required to make under market regulations due to the size of the transactions relative 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 statement and is intended to keep the market informed of significant financial dealings within the company's operations.
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