Ref: Current report as per art.113 item A letter j) of the National Securities Commission’s Regulation no.1/2006 on the issuers of and operations with securities, as subsequently amended and completed, as well as per the provisions of art.99 of the Buchar

Mon, 06/13/2016 - 14:56

Significant events to be reported: Information on the status of the civil action lodged by ALRO S.A. against the Competition Council concerning the former’s claim for the suspension of the enforcement proceedings in connection to the sanction decision no. 82/2015 issued by the Competition Council

The company Alro S.A. hereby informs the shareholders and investors that in the matter of the case file no. 3538/2/2016 which is currently pending before the Bucharest Court of Appeal, whose subject-matter is the claim for the suspension of the enforcement proceedings of the sanction decision no. 82/2015 issued by the Competition Council, the Court examined the case on the hearing date of June 3rd, 2016 and postponed the decision delivery for June 10th, 2016.

On June 10th, 2016 the Bucharest Court of Appeal briefly ruled the following resolution: The Court dismisses the claim as being ungrounded. Right to appeal within 5 days since the resolution releasing. Resolution delivered in open session, today, June 10th, 2016.  

Mention is made that the information regarding the court resolution has been excerpted from the Court of Law web portal, as posted on the web site of Bucharest Court of Appeal. The Company paid the fine established by the Competition Council within the legal time-limit.

               Chairman of the Board of Directors

                           Marian Daniel Nastase          

                                     Managing Director

                                     Gheorghe Dobra