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BUCHAREST - Societatea Energetica Electrica S.A. (Electrica), a major Romanian utility company, disclosed the conclusion of significant related party transactions between its subsidiaries Distributie Energie Electrica Romania SA (DEER) and Electrica Furnizare SA (EFSA). These transactions, which took place between April 10 and June 2, 2025, have a cumulative value that surpasses 5% of Electrica’s net assets based on the financial statements as of December 31, 2024, exceeding RON 200,489,933.
The details of these transactions, including the dates of execution, types of transactions, their scope, total value, expiration dates, mutual debts and receivables, guarantees, penalties, and payment terms, are outlined in an annex provided by Electrica. This information is essential for shareholders and investors to understand the financial dealings between DEER and EFSA.
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 the 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.
The report was made public by Stefan Frangulea, the Chief Financial Officer of Electrica, and the information has been shared with the Romanian Financial Supervisory Authority (FSA), further emphasizing the company’s commitment to transparency and regulatory compliance.
The disclosure of these transactions follows the legal requirements for publicly listed companies to inform their stakeholders about significant financial activities, especially those involving related parties, which could potentially impact the company’s financial position and the interests of its shareholders.
This announcement is based on a press release statement provided by Electrica and is intended to keep investors and the general public informed about the company’s recent financial operations.
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