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Current report in compliance with of article no. 82 of Law no. 24/2017 and article no. 144 letter (B) of Regulation no. 5/2018 of FSA regarding Issuers of Financial Instrument and Market Operations
Tue, 11/27/2018 - 16:54Important event to be reported: d) Transactions of the type listed under art. 82 of Law no. 24/2017
Please be informed by the present Current Report, that ALRO S.A. concluded with the companies ALUM S.A., VIMETCO EXTRUSION S.R.L. (members of Alro Group registered with the Financial Supervisory Authority), and with the company VIMETCO TRADING S.R.L., the following transactions whose cumulated values amount to over 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 |
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 |
|
1. |
ALRO S.A. (Seller ) – ALUM S.A (Buyer) |
1582/01.11.2018 Appendix no.3 to the sale contract no.4600015338/2018 |
Appendix no.3 to the sale contract no.4600015338/2018 |
44,281
|
ALRO receivables 19,494,451
ALRO debts 8,089 |
- |
Payment Order 30 days from delivery/ compensation |
|
2. |
ALRO S.A. (Seller ) – ALUM S.A (Buyer) |
1618/08.11.2018 Appendix no.2 to the sale contract no.4600015338/2018 |
Appendix no.2 to the sale contract no.4600015338/2018 |
160,466.56
|
ALRO receivables 19,494,451
ALRO debts 8,089 |
- |
Payment Order 30 days from delivery/ compensation |
|
3. |
ALRO S.A. (Buyer) – ALUM S.A (Seller) |
1654/15.11.2018 Addendum no.2 to the sale contracts no.4600013044/2016, 4600013045/2016, 4600013046/2016 |
Modification of the delivery condition, in the sense that 5,000.00 tons+/- 10% calcined alumina within the said contracts shall be supplied under FOB Tulcea, delivery term November – December 2018 |
-
|
ALRO receivables 19,494,451
ALRO debts 8,089 |
- |
-
|
|
4. |
ALRO S.A. (Seller ) – VIMETCO EXTRUSION S.R.L. (Buyer) |
P112318-228 Addendum no.4 to the sale contract no. I 2913/2018 |
Establishing the amount of 568 tons +/- 2% aluminium billets, alloys 6060i/6063/6005 and 6082 To be delivered in October-November 2018, as result of cancelling the amount of 1,092 tons not supplied in Q3/2018 |
5,703,969*
|
ALRO receivables 71,116,027
ALRO debts 122,690 |
- |
Maximum 90 days from delivery |
|
5 |
ALRO S.A. (Supplier) – VIMETCO TRADING S.R.L. (Beneficiary) |
1701/23.11.2018 Addendum no.5 to the service provision contract of 12.06.2008 |
Extending the contract validity to December 31, 2023 |
2,033,392 |
ALRO receivables - ALRO debts 1,348,886 |
- |
Within 5 days from the receipt of invoice by the beneficiary |
|
6 |
ALRO S.A. (Principal) – VIMETCO TRADING S.R.L. (Agent) |
1702/23.11.2018 Addendum no.14 to the agency contract of 01.07.2008 |
Extending the contract validity by 5 years and establishing the remuneration for the agent for the period October 01st, 2018 - December 31st, 2023 |
79,740,000 |
ALRO receivables - ALRO debts 1,348,886 |
- |
Within 5 calendar days from the invoice date |
Note:
*this estimated value is included in the value of the contract reported on February 1, 2018 and September 17, 2018.
**the mutual debts are calculated according to the accounting records on the date of October 31, 2018.
Chairman of the Board of Directors Chief Executive Officer
Marian Daniel Nastase Gheorghe Dobra
