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

Wed, 12/15/2021 - 18:27

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. carried out, during the period 1st October 2021 – 30th November 2021, 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 related to the first 6 months of 2021, amounting to RON 50,219,273, as follows:

• Transactions of ALRO S.A. with VIMETCO EXTRUSION S.R.L., carried out, during the period 1st October 2021 – 30th November 2021, in total amount of RON 72,051,242.
• Details on the contracts concluded on 15th December 2021 by ALRO S.A. as Seller with the company VIMETCO EXTRUSION S.R.L. as Buyer.  

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of transactions carried out during the period 1st October 2021 – 30th November 2021;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1;
• Annex 3 - Reporting of contracts concluded on 15th December 2021 and of mutual debts and receivables balances as of 30 November 2021.

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