Current Report in compliance with the Art.113 item A par. j) of the National Securities Commission’s Regulation No.1/2006 pertaining to the issuers and securities operations, as subsequently amended, as well as in compliance with the provisions of Art. 99

Thu, 02/04/2016 - 11:14

Important event to be reported:

Information on the status of the litigation regarding the civil action filed by S.P.E.E.H. Hidroelectrica S.A. against Alro S.A. concerning material claims of the electric power producer, representing allegedly unachieved benefits under the bilateral contract concluded with Alro. 

The Company Alro S.A. hereby informs the shareholders and investors that, in the litigation of S.P.E.E.H. Hidroelectrica S.A. against Alro S.A., which is subject to the case file no. 13264/3/2015 pending before the Bucharest General Court, on the hearing dated 03rd February 2016 the court has ruled a new hearing on 16th March 2016 for the pending claims (one month and a half of the contract), taking into consideration that the Court Decision dated 19th December 2015 ruled that: “The Court accepts the exception of the time – barring  of the material right to claim for the first header of claim in its entirety, as well for the second header of claim, only as regards the claims related to the period 1st January 2011 - 9th  April 2012. The Court rules on the continuation of the trial in the second header of claim, exclusively for the claims related to the period 10th April 2012-31st May 2012 ”. 

 

Marian-Daniel NĂSTASE Gheorghe DOBRA
Chairman of the Board of Directors Chief Executive Officer