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

Wed, 09/27/2017 - 15:14

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 and, after the deliberations, the same court rejected the appeal as being unfounded. The ruling of the court can be contested by a second appeal within 30 days from the notice of such court ruling.