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

Wed, 06/15/2022 - 19:14

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

Please be informed by the present Current Report, that ALRO S.A. concluded on the date of June 15th, 2022 with the company CONEF GAZ SRL, company under joint control, one new transaction based on a lease agreement, whose value cumulated 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 for the year 2021, in amount of RON 53,659,613.

Details regarding the transaction concluded on June 15th, 2022 by ALRO S.A., as Lessor with the company CONEF GAZ SRL, as Lessee, 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.