Current report in compliance with of article no. 82 of Law no. 24/2017
Tue, 03/26/2019 - 12:47
Please be informed by the present Current Report, that ALRO S.A. concluded with the companies VIMETCO EXTRUSION S.R.L., ALUM S.A. (members of Alro Group registered with the Financial Supervisory Authority) the following transactions whose cumulated values 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) | P031219-24 Addendum no.2 to the sale-purchase contract no. I 3050/2019 | -Modification of the processing premium for the quantity of 4,157 ton +/- 2% of aluminium billets, series 6060/6063/6005, and 6082 to be delivered within the period February – March 2019; -Modification of the payment deadline |
39,972,232* | ALRO Receivables 68,193,894
ALRO Debts 150,785 | - | 45 days from delivery, at the most |
2. | ALRO S.A. (Seller) | 250/06.03.2019 Addendum no.3 to the sale-purchase contracts no.4600013044/2016, 4600013045/2016, 4600013046/2016 | - Modification of the price calculation per ton of alumina, established by the Advance Pricing Agreement issued by the fiscal authority, which is to be applied starting January 01st, 2017; -Additions to the sections: documents, quantitative and qualitative acceptance | 4,388,539,735** | ALRO Receivables 11,032,602
ALRO Debts 20,197 | - | - |
3. | ALRO S.A. (Lessor) |
337/21.03.2019 Addendum no.1 to equipment rental contract no.4600013521/2017
| Amendment of the annex no.1 on rented property and the amount of rent | 207,072*** | ALRO Receivables 68,193,894
ALRO Debts 150,785 | - | PO within 30 days from the invoice issue date or by compensation |
Note:
*this estimated value is included in the value of the contract reported on the date of February 14th, 2019.
** this estimated value replaces the value of the contracts as reported on January 31st, 2017
*** the value has been calculated for the period of 1 year since the contract duration is indefinite, the total value of the contract cannot be determined.
****the mutual debts are calculated according to the accounting records on the date of February 28th, 2019.
Marian-Daniel NĂSTASE | Gheorghe DOBRA |
Chairman of the Board of Directors | Chief Executive Officer |