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

Thu, 02/01/2018 - 18:21

Significant event to be reported:

Information on 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 alleged unachieved proceeds 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 Court of Appeal, following the appeal promoted by S.P.E.E.H. Hidroelectrica S.A., at the trial date of September 26, 2017, the court was yet to rule; after deliberating, the court dismissed the appeal as ungrounded.

According to the information taken from the Courts of Law – Bucharest Court of Appeal portal, the ruling of the aforementioned court was contested by S.P.E.E.H. Hidroelectrica S.A that lodged a second appeal, and on January 31st, 2018 Alro Sa received from the High Court of Cassation and Justice of Romania the second appeal lodged by S.P.E.E.H. Hidroelectrica S.A.

Since this case is currently subject to the filtering procedure, the High Court of Cassation and Justice of Romania is to set the first court hearing date for the ruling in the second appeal lodged by S.P.E.E.H. Hidroelectrica S.A.

As concerns the status on the a/m case file, the company ALRO S.A. will inform the public and the investors in due course.