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

Fri, 10/15/2021 - 20:47

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 1st August 2021 – 30th September 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. withVIMETCO EXTRUSION S.R.L., carried out, during the period 1st August 2021 – 30th September 2021, in total amount of RON 59,555,796.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of transactions carried out during the period 1st August 2021 – 30th September 2021;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1;
• Annex 3 - Reporting of mutual debts and receivables balances as of 30 September 2021.

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