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

Thu, 09/14/2023 - 16:46

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 July 1st – August 31st, 2023 with the company VIMETCO EXTRUSION S.R.L. (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 for the first 6 months of 2023, amounting to RON 63,083,755, as follows:

• Transactions of ALRO S.A. with VIMETCO EXTRUSION S.R.L., carried out during the period July 1st – August 31st, 2023 in total amount of RON 72,419,121.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of transactions carried out during the period July 1st – August 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 August 31st, 2023.

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