Current report in compliance with of article no. 82 of Law no. 24/2017
Thu, 04/11/2019 - 12:09
Please be informed by the present Current Report, that ALRO S.A. concluded with the company VIMETCO EXTRUSION S.R.L. (member of Alro Group registered with the Financial Supervisory Authority) the following transaction whose cumulated value exceed EUR 50,000 (currency exchange rate used by NBR is the one valid on the conclusion date of the legal document subject of the report; the calculated value does not include VAT):
| No. | Parties that have concluded the legal document | Conclusion date and the nature of the document |
Description of the object-matter of the legal document | The total value of the legal document (RON) | Mutual debts** (RON) | Established guarantees, stipulated penalties | Terms and modalities of payment |
| 1. | ALRO S.A. (Seller) – VIMETCO EXTRUSION S.R.L. (Buyer) | P040519-78 Addendum no.3 to the sale-purchase contract no. I 3050/2019 | Modification of the processing premium for the quantity of 6,265 Mt +/- 2% of aluminium billets, series 6060/6063/6005, and 6082 to be delivered within the period April – June 2019 |
59,546,226* | ALRO Receivables 68,366,833 ALRO Debts 83,596 | - | 45 days from delivery, at the most |
Note:
*this estimated value is included in the value of the contract reported on the date of February 14th, 2019.
**the mutual debts are calculated according to the accounting records on the date of March 31st, 2019.
| Marian-Daniel NĂSTASE | Gheorghe DOBRA |
| Chairman of the Board of Directors | Chief Executive Officer |