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

Fri, 07/14/2023 - 17:59

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 May 1st – June 30th, 2023 with the company VIMETCO EXTRUSION S.R.L. (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 2022, amounting to RON 70,644,348, as follows:

• Transactions of ALRO S.A. with VIMETCO EXTRUSION S.R.L., carried out during the period May 1st – June 30th, 2023 in total amount of RON 73,293,305.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of transactions carried out during the period May 1st – June 30th, 2023;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1;
• Annex 3 - Reporting of mutual debts and receivables balances as of June 30th, 2023.

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