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

Wed, 05/15/2024 - 17:04

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 January 1st – April 30th, 2024, 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 for the year of 2023, amounting to RON 43,468,272 as follows:

  • Transactions of ALRO S.A. with ALUM S.A. Tulcea, carried out during the period January 1st – April 30th, 2024, in total amount of RON 54,395,261.

Details have been enclosed to this Report, as follows:

  • Annex 1 - Reporting of transactions carried out during the period January 1st – April 30th, 2024;
  • Annex 2 - Reporting of contracts related to the transactions in Annex 1;
  • Annex 3 - Reporting of mutual debts and receivables balances as of April 30th, 2024.

 

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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