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

Tue, 10/15/2024 - 16:10

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 October 15th, 2024 with the company VIMETCO MANAGEMENT ROMANIA S.R.L. seven new transactions 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 2024, amounting to RON43,365,613, as follows:

• Transactions of ALRO S.A. with VIMETCO MANAGEMENT ROMANIA S.R.L., carried out during the period August 1st – September 30th, 2024 in total amount of RON 29,701,240.
• Details on the transactions concluded on October 15th, 2024 by ALRO S.A. with the company VIMETCO MANAGEMENT ROMANIA S.R.L. in estimated amount of RON 239,558,641.

Details have been enclosed to this Report, as follows:

• Annex 1 - Reporting of transactions carried out during the period August 1st – September 30th, 2024; 
• Annex 2 - Reporting of contracts related to the transactions in Annex 1;
• Annex 3- Reporting of transactions concluded on October 15th, 2024 and of mutual debts and receivables balances as of September 30th, 2024.

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

Chairman of the Board of Directors                                                                                            Chief Executive Officer 

Marian Daniel Nastase                                                                                                                  Marin Cilianu