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 - 15:07

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 has yet to rule; after the court has pronounced the ruling on the a/m case file, the company ALRO S.A. will inform the public and the investors in due course.

The Company Alro S.A. considers the appeal as ungrounded and is to pursue all legal actions to protect the interests of the Company and its shareholders.