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

Mon, 01/15/2024 - 17:21

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 the period September 1st – December 31st, 2023, 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 2023, amounting to RON 63,083,755, as follows:

• Transactions of ALRO S.A. with ALUM S.A. Tulcea, carried out during the period September 1st – December 31st, 2023, in total amount of RON 65,411,664.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of transactions carried out during the period September 1st – December 31st, 2023;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1;
• Annex 3 - Reporting of mutual debts and receivables balances as of December 31st, 2023.

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