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

Wed, 11/15/2023 - 19:31

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.  concluded on the date of November 15th, 2023 with the company VIMETCO EXTRUSION S.R.L. (member of Alro Group registered with the Financial Supervisory Authority), two new transactions whose value cumulated 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 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 September 1st – October 31st, 2023 in total amount of RON 65,098,544.
• Details on the transactions concluded on November 15th, 2023 by ALRO S.A. as Seller, with the company VIMETCO EXTRUSION S.R.L., as Buyer, in estimated amount of RON 104,295,256.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of transactions carried out during the period September 1st – October 31st, 2023;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1;
• Annex 3 - Reporting of transactions concluded on November 15th, 2023 and of mutual debts and receivables balances as of October 31st, 2023.

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