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

Thu, 09/15/2022 - 17:58

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. carried out during the period August 1st - 31st, 2022, with the company ALUM S.A. Tulcea (member of Alro Group registered with the Financial Supervisory Authority), the following transactions that, 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 and concluded a new contract on the date of September 15th, 2022, as follows:

  • Transactions of ALRO S.A. withALUM S.A. Tulcea, carried out during the period August 1st - 31st, 2022, in total amount of RON 15,694,889.
  • Details on the contract concluded on September 15th, 2022 by ALRO S.A. as Buyer with the company ALUM S.A. Tulceaas Seller, in total amount of RON 5,424,188,710.

Details have been enclosed to this Report, as follows:

  • Annex 1 - Reporting of transactions carried out during the period August 1st - 31st, 2022;
  • Annex 2 - Reporting of contracts related to the transactions in Annex 1;
  • Annex 3 - Reporting of contract concluded on September 15th, 2022 and of mutual debts and receivables balances as of August 31st, 2022.

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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