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, 27/02/2024 - 16:37

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 February 27th, 2024 with the company VIMETCO MANAGEMENT ROMANIA S.R.L, 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.

Details regarding the transaction concluded on February 27th, 2024 by ALRO S.A., as Buyer/Consumer with VIMETCO MANAGEMENT ROMANIA S.R.L., as Seller/Provider, containing information on the transaction date of conclusion, nature, description of its object, mutual receivables and debts are presented in Annex 1 hereto.

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