Current Report: Intragroup transactions whose cumulated values amount to over EUR 50,000
Fri, 11/02/2018 - 14:03
Please be informed by the present Current Report, that ALRO S.A. concluded with the company VIMETCO EXTRUSIONS.R.L. (member of Alro’s group registered at the Financial Supervisory Authority), and with the companies CENTRUL RIVERGATE S.R.L., CONEF GAZ S.R.L., the following transactionswhose cumulated values amount to over 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) | P102218-209 Addendum no.3 to the sale-purchase contract no.I 2913/2018 | Addendum no.3 to the contract no. I 2913/2018 regarding the establishment of the processing premium for the quantity of 5,681 Mt. +/- 2% aluminium billets, series 6060/6063/6005, and 6082 to be delivered within the period October – December 2018 |
57,399,088*
| Receivables ALRO 63,690,717
Debts of ALRO to 164,672 | - | Maximum 90 days from delivery |
| 2. | ALRO S.A. (Provider) – VIMETCO EXTRUSION S.R.L. (Beneficiary) | 1560/25.10.2018 Addendum no.4 to the service contract no.40003370/2015 | Addendum no.4 to the service contract no. 40003370/2015 regarding the pricing of services and the extension of the contract up to 31.12.2019 | 858,750 | Receivables ALRO 63,690,717
Debts of ALRO to 164,672 | - | With payment order within 30 days from the invoice date |
| 3. | ALRO S.A. (Beneficiary) – CENTRUL RIVERGATE S.R.L. (Provider) | 1576/30.10.2018 Addendum no.17 to the service contract no.2105/2009 | Addendum no.17 to the service contract no. 2105/2009 regarding the setting up of the fee representing price variances on the provided services | 326,284 | Receivables ALRO 4,851
Debts of ALRO 47,526 | - | With Payment Order within 5 days from invoice issuance |
| 4. | ALRO S.A. (Buyer) – CONEF GAZ S.R.L. (Seller) | 1577/01.11.2018 Addendum no.18 to the natural gas sale contractno.114 / 2010 | Addendum no.18 to the contract no. 114/2010 whose subject is the extension of the contract validity up to 30.09.2019, the setting up of the price and technical parameters for the contracted gas supply. | 53,490,644*** |
- | - | Payment in advance with settlement until the 15th of the month following delivery |
Note:
*this estimated value is included in the value of the contract reported on 01.02.2018.
**the mutual debts are calculated according to the accounting records on the date of September 30, 2018.
***information regarding the period October 2018-April 2019 have been also reported previously, on 31.05.2018.
| Marian-Daniel NĂSTASE | Gheorghe DOBRA |
| Chairman of the Board of Directors | Chief Executive Officer |