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

Mon, 11/15/2021 - 18:55

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. carried out during October 2021, with the company ALUM S.A. Tulcea (member of Alro Group registered with the Financial Supervisory Authority), the following transactions that, cumulatively exceed 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, as follows:

• Transactions of ALRO S.A. with ALUM S.A. Tulcea, carried out during October 2021, in total amount of RON 64,603,680.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of transactions carried out during October 2021;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1;
• Annex 3 - Reporting of mutual debts and receivables balances as of 31 October 2021.

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