Current report drafted according to the provisions of the article 226 of the Law no. 297/2004

Mon, 06/02/2014 - 09:49

As of the date of May 30th 2014, the Alro S.A Ordinary General Meeting of Shareholders took place.

It was attended by the following shareholders:

• Vimetco NV, holding shares representing 84.1898 % from the share capital, represented by Ioana Racoti;
• Proprietatea Fund, holding shares representing 10.2111 % from the share capital, represented by Daniel Naftali;
• Gheorghe Dobra, holding shares representing less than 0.0001 % from the share capital; 
• Stoian Constantin, holding shares representing less than 0.0001 % from the share capital; 
• Tudor Marin, holding shares representing less than 0.0001 % from the share capital;
• Ioana Racoti, holding shares representing less than 0.0001 % from the share capital;
• Gheorghe Dumitrascu, holding shares representing less than 0.0001 % from the share capital;

The shareholders attending the Ordinary General Meeting hold shares amounting to 94.4014 % from the share capital.

The following decisions have been made:

1. With a number of 673,817,013 amounting 100 % from the share capital represented for in the meeting, the Income and Expenses Budget for year 2014 is approved, having the following main financial indicators:

• sales revenues:    604,754 th USD
• cost of revenues:  573,764 th USD
• EBIT:                       -3,021 th USD
• loss:                       -18,329 th USD

2. With a number of 673,817,013  amounting 100 % from the share capital represented for in the meeting, the Activity Program for year 2014 is approved.

3. With a number of 673,817,013  amounting 100 % from the share capital represented for in the meeting, the Investment Plan for year 2014 is approved, forecasting the achievement of investments in a total amount of 14,225,000 USD.

4. With a number of 673,817,013  amounting 100 % from the share capital represented for in the meeting, it is hereby approved the empower of Mr. Ion Constantinescu to comply with all the formalities for the registration of all the decisions made by the Ordinary General Meeting of Shareholders.

5. With a number of 673,817,013  amounting 100 % from the share capital represented for in the meeting, it is hereby approved the date of June 19, 2014 as registration date, for the opposability of all the decisions made by the Ordinary General Meeting of Shareholders, in accordance with the provisions of art. 238 of Law no. 297/2004 on Capital Market.