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

Tue, 03/15/2022 - 18:33

Significant event to be reported: Reporting of transactions with related parties according to art. 108paragraph 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 1st January 2022 – 28th February 2022, with the company VIMETCO EXTRUSION S.R.L. (member of Alro Group registered with the Financial Supervisory Authority), the following transactions that exceed 5% of the Company’s net assets as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2021, amounting to RON 50,219,273, as follows:

• Transactions of ALRO S.A. with VIMETCO EXTRUSION S.R.L., carried out during the period 1st January 2022 – 28th February 2022, in total amount of RON 86,287,302.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of transactions carried out during the period 1st January 2022 – 28th February 2022;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1;
• Annex 3 - Reporting of mutual debts and receivables balances as of 28th February 2022.

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