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

Fri, 13/01/2023 - 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 January 13th, 2023 with the company VIMETCO EXTRUSION S.R.L. (member of Alro Group registered with the Financial Supervisory Authority), one new transaction whose cumulated value with the other transactions concluded/carried out within the last 12 months, cumulatively exceed 5% of the Company’s net assets as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2022, amounting to RON 53,695,300, as follows:

• Transactions of ALRO S.A. with VIMETCO EXTRUSION S.R.L., carried out during the period December 1st - 31st, 2022 in total amount of RON 20,382,820.
• Details on the transaction concluded on January 13th, 2023 by ALRO S.A. as Seller, with the company VIMETCO EXTRUSION S.R.L., as Buyer, in estimated amount of RON 410,979,300.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of transactions carried out during the period December 1st - 31st, 2022;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1;
• Annex 3 - Reporting of transaction concluded on January 13th, 2023 and of mutual debts and receivables balances as of December 31st, 2022.

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