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

Fri, 11/10/2023 - 18:43

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 November 10th, 2023 with the company VIMETCO MANAGEMENT ROMANIA S.R.L.(member of Alro Group registered with the Financial Supervisory Authority),one new transaction 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.

• Transactions of ALRO S.A. withVIMETCO MANAGEMENT ROMANIA S.R.L., carried out during the period November 1st, 2022– October 31st, 2023 in total amount of RON 11,546,881.
• Details on the transaction concluded on November 10th, 2023 by ALRO S.A. as Buyer, with the company VIMETCO MANAGEMENT ROMANIA S.R.L., as Seller, in estimated amount of RON 411,324,576.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of transactions carried out during the period November 1st, 2022– October 31st, 2023;
• Annex 2 - Reporting of contracts related to the transactions in Annex 1;
• Annex 3 - Reporting of transaction concluded on November 10th, 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.