Current report in compliance with of article no. 108 of Law no. 24/2017, republished (ALRO S.A. & ALUM S.A.)

Thu, 08/25/2022 - 15:32

Significant event to be reported:Reporting of transactions with related parties according to art. 108 paragraph 3 and paragraph 13 of Law no. 24/2017 - Republished

Please be informed by the present Current Report, that ALRO S.A. concluded on the date of August 25th, 2022 with the company ALUM S.A. Tulcea (member of Alro Group registered with the Financial Supervisory Authority), one new transaction whose cumulated value with the other transactions concluded/ carried out within the last 12 months, cumulatively exceed 5% of the Company’s net assets as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2022, amounting to RON 53,695,300.

Details regarding the new transaction concluded on August 25th, 2022 by ALRO S.A. as Lender, with the company ALUM S.A. Tulcea as Borrower containing information on the transaction, date of conclusion, nature, description of its object, mutual receivables and debts are presented in Annex 1 hereto.  

The Company management declares that the management has assessed the reported transactions as being economically correct and justified.

 

Chairman of the Board of Directors                                                                                                 Chief Executive Officer

         Marian Daniel Nastase                                                                                                                  Gheorghe Dobra

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