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Current report in compliance with of article no. 82 of Law no. 24/2017

Thu, 10/17/2019 - 16:31

Please be informed by the present Current Report, that ALRO S.A. concluded with the company CONEF GAZ S.R.L. the following transaction whose cumulated value exceeds EUR 50,000 (currency exchange rate used by NBR is the one valid on the conclusion date of the legal document subject of the report; the calculated value does not include VAT):

 

No.

Parties that have concluded the legal document

Conclusion date
and the nature of the document

 

Description of the object-matter of the legal document

The total value of the legal document (RON)

Mutual debts

(RON)*

Established guarantees, stipulated penalties

Terms and modalities
of payment

1.

ALRO S.A.
(Buyer)

–

CONEF GAZ S.R.L.
(Seller)

990/17.10.2019

Addendum no.20 to the natural gas sale contract no.114 / 2010

Addendum no. 20 to the contract no.114/2010 whose subject is the extension of the contract validity up to September 30th 2020, the amendment of the contract clauses concerning the means to communicate the nominations by the Buyer, the setting up of the daily/ monthly penalties for the daily/ monthly quantities not taken over outside the flexibility limits and those that are taken over above the flexibility limits, the setting up of the price and the technical parameters for the supply of gas quantity contracted between October 1st 2019 - September 30th 2020.

 

50,232,000

ALRO Receivables -

 

 

ALRO Debts

2,667

See Note**

Payment in advance with settlement until the 15th of the month following delivery

Note:

* The mutual debts are calculated as per the accounting records as at the date of September 30th, 2019.

** There were no guarantees established.

Should the Buyer fail to observe his obligation to take over the contract quantities as per art. 5.1., for reasons other than Force Majeure, the Seller shall request daily/ monthly penalties which shall be calculated as follows:

- for the daily/ monthly quantities not taken over outside the flexibility limits as per art. 5.1. , the Seller shall request penalties amounting to 3% of the Contract Price;

- for the daily/ monthly quantities taken over above the flexibility limits as per art. 5.1. the Seller shall request penalties amounting to 7% of the Contract Price;

 

                                 Chairman of the Board of Directors                            Chief Executive Officer

                                          Marian Daniel Nastase                                         Gheorghe Dobra 

 

 

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