Current report in compliance with of article no. 108 of Law no. 24/2017, republished (ALRO S.A. & ALUM S.A.)

Thu, 12/23/2021 - 18:02

Significant event to be reported: Reporting of transactions with related parties according to art. 108 paragraph 3 and paragraph 13 of Law no. 24/2017 - Republished

Please be informed by the present Current Report, that ALRO S.A. concluded with the company ALUM S.A. Tulcea (member of Alro Group registered with the Financial Supervisory Authority), on the date of December 23th, 2021, a new transaction based on rental contract, whose cumulated value with the other transactions concluded/ carried out within the last 12 months, cumulatively exceeds 5% of the Company’s net assets, as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2021, amounting to RON 50,219,273.

Details regarding the transaction concluded on December 23th, 2021 by ALRO S.A., as Owner with ALUM S.A. Tulcea, as Renter, containing information on the transaction, date of conclusion, nature, description of its object, mutual receivables and debts are presented in Annex 1 hereto.

The Company management declares that the management has assessed the reported transactions as being economically correct and justified.