Transelec.
J-000101-2022
Santiago, December 21, 2022
Mrs.
Solange Berstein Jáuregui
Chairman
Financial Market Commission
Avenida Libertador Bernardo O’Higgins N? 1449, 1st floor
SANTIAGO
REFERENCE: Communicates Essential Fact about Habituality Policy.
Dear Madam President:
In compliance with the provisions of Article 9 and the second paragraph of Article 10 of Law No. 18,045, on the Market
of Values, and being duly empowered to do so, I come to inform the President of the Commission
for the Financial Market, and the market in general, the following:
1) At the Board meeting of Transelec S.A., held today, it was agreed to approve the new “Policy on Operations”
Habitual of the Social Turn of Transelec S.A.”, as indicated in article 147 letter b) of Law 18,046 on Companies
Anonymous.
2) In this way, the operations with related parties that are established in said Policy, will be considered as
ordinary taking into account the social turn, and therefore may be executed, as provided by law, without the requirements and
procedures listed in Article 147 of the Law on Corporations.
3) It is noted that the Habituality Policy attached to this Essential Fact will be made available to the
Shareholders on the Company’s website www.transelec.cl
Without further ado, we greet you sincerely,
TRANSELEC S.A.
Eduardo Tagle (Dec 21, 2022 13:57 GMT-3)
Eduardo Tagle Wins
Secretary of the Board of Directors
cc:
Messrs. Santiago Stock Exchange
Mr. Alejandro Muñoz, Secretary, Risk Classification Commission
Mr. Cristóbal Larraín, Dept. Trust Commissions, Banco de Chile
Mr. Juan Carlos Spencer, General Manager, Bolsa Electrónica de Chile
Mr. Claudia Pérez, Comptroller, Transelec S.A.
Mr. Arturo Le Blanc, General Manager, Transelec S.A.
Mr. Francisco Castro, VP Finance, Transelec S.A
Correlative G
Correlative F
POLICY ON USUAL OPERATIONS OF THE SOCIAL LINE OF TRANSELEC S.A.
1) In compliance with the provisions of Article 147 of the Law on Corporations, the
This document contains a general policy of regularity, determined by the Board of Directors of
Transelec S.A., regarding operations that are ordinary in consideration of the corporate business.
2) All operations of the company with related parties, according to the definition
contained in Article 146 of Law 18,046 on Corporations, must have as their object
contribute to the social interest and adjust in price, terms and conditions to those that prevail
in the market.
3) Thus, the following transactions with related parties will be considered as ordinary.
taking into account the social turn, and therefore may be executed, as provided by law, without
the requirements and procedures listed in Article 147 thereof:
To. The construction of projects in the National Transmission System,
Zonal Transmission and Dedicated Transmission System, subject to regulated prices or
result from bidding processes.
B. Contracts for connection to the transmission system and associated services (operation;
coordination of operation; maintenance).
C. Toll contracts for the use of transmission systems, subject to regulated prices.
D. The financial operations that are concluded for the optimization of cash management and
the company’s liquid resources (investments in Mutual Funds; contracting of lines
credits; time deposits).
E. Contracts for administration, advisory and financial management, collection and
billing; Service contracts for accounting, treasury, auditing
o Internal Comptroller and Insurance, as well as those related to the management of people and
tax advice, contracting of risk classification services; and contracts of
Provision of legal services.
4) In addition, this policy establishes that the following transactions with parties
may also be implemented without the requirements and procedures listed in the
law:
A) Those operations that are not of relevant amount. It is considered of relevant amount
any act or contract that exceeds 1% of the company’s assets, provided that such act or contract
exceeds the equivalent of 2,000 Development Units and, in any case, when it exceeds
20,000 Development Units. It is presumed that all
those that are perfected in a period of 12 consecutive months by means of one or
more similar or supplementary acts to which there is identity of parties (including
related persons) or object.
B) Those operations between legal entities in which Transelec S.A. owns, directly or
indirectly, at least 95% of the counterparty’s ownership.
C) Those payment transactions on behalf of, cash needs or other operations between
related parties, accounted for as “Mercantile Current Account” and for a maximum of 6
months. Once the deadline has elapsed, the administration must choose to: 1) prepayment of the debt, 2)
recognition of debt, or 3) conversion of debt into equity. In case you choose
For making the recognition or becoming capital, it must be informed to the previous board
to bring any action in that regard.
Notwithstanding the foregoing, the signing of acts or contracts that commit more than 10% of the
assets of the company will not be included within this policy.
It is noted that this policy will be available to shareholders in
the social offices and on the company’s website, www.transelec.cl.
Version approved by the Board of Directors on December 21, 2022.
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=c21b9b697b6178b68c86227eb8fbf6deVFdwQmVVMXFSWGxOUkZFMFRsUlZOVTFCUFQwPQ==&secuencia=-1&t=1682376108
