Current report in compliance with of article no. 82 of Law no. 24/2017
Thu, 07/30/2020 - 16:08
Please be informed by the present Current Report, that ALRO S.A. concluded with the companies VIMETCO EXTRUSION S.R.L., ALUM S.A. (members of Alro Group registered with the Financial Supervisory Authority) and with company RIVERGATE FIRE S.R.L, the following transactionswhose cumulated values amount to over EUR 50,000 (currency exchange rate used by NBR is the one valid on the conclusion date of the legal document subject of the report; the calculated value does not include VAT):
| No. | Parties that have concluded the legal document | Conclusion date and the nature of the document |
Description of the object-matter of the legal document | The total value of the legal document (RON) | Mutual debts** (RON) | Established guarantees, stipulated penalties | Terms and modalities of payment |
| 1. | ALRO S.A. (Supplier) – VIMETCO EXTRUSION S.R.L. (Beneficiary) | 788/21.07.2020 Addendum no.11 to contract no.01/2007 for the electricity supply |
Extending the contract for the electricity supply, establishing the amount of contracted electricity | 1,725,849 |
ALRO Receivables 27,474,841
ALRO Debts 398,550 | - | - the first business day of the supply month, an advance invoice with a value corresponding to 25% of the amount of the electric power to be traded in a supply month shall be issued; the invoice shall be due within 7 calendar days from issuance; - the settlement invoice shall be issued for the amount of electricity related to the supply month, as determined according to the metering data, to which the related taxes and fees shall be added, as per the applicable legislation; the value invoiced in advance shall be correspondingly subtracted from such value. The settlement invoice shall be issued within maximum 4 business days, calculated from the last calendar day of each month of supply, starting from the first business day that follows the signing date of Protocol establishing the metering data, the invoice shall be due within 15 calendar days from issuance |
| 2. | ALRO S.A. (Beneficiary) | 789/21.07.2020 Addendum no.27 to contract no.02/2006 for electricity supply | Extending the contract for the electricity supply, establishing the amount of contracted electricity |
16,794,094
| ALRO Receivables 505,368
ALRO Debts 64,797,476 | - | - on the first business day of the supply month, an advance invoice with a value corresponding to 25% of the amount of the electric power to be traded in a supply month shall be issued; the invoice shall be due within 7 calendar days from issuance; - the settlement invoice shall be issued for the amount of electric power of the supply month, as established according to the metering data, to which the related taxes and fees are added as per the applicable legislation; the value invoiced in advance shall be correspondingly subtracted from such value. The settlement invoice shall be issued within maximum 9 business days, calculated from the last calendar day of each supply month following the day when the metering data are received from the Distribution Operator, the invoice shall be due within 15 calendar days from issuance |
| 3. | ALRO S.A. (Seller) – VIMETCO EXTRUSION S.R.L. (Buyer) | P072320-223 Addendum no.5 to the sale-purchase contract no.I 3173/2020 | Supplementing the quantity contracted in June 2020 by 300 Mt +/- 2% of aluminium billets, alloy series 6060/6063/6005 and 6082 and setting up the processing premium | 2,317,517 | ALRO Receivables 27,474,841
ALRO Debts 398,550 | - | 45 days from delivery, at the most |
| 4. | ALRO S.A. (Seller) – VIMETCO EXTRUSION S.R.L. (Buyer) | P072320-226 Addendum no.6 to the sale-purchase contract no.I 3173/2020 | Supplementing the quantity contracted within the period July–September 2020 by 700 Mt +/- 2% of aluminium billets, alloy series 6060/6063/ 6005, and 6082, and setting up the processing premium for the Q3/2020 deliveries. |
51,849,009* | ALRO Receivables 27,474,841
ALRO Debts 398,550 | - | 45 days from delivery, at the most |
| 5. | ALRO S.A. RIVERGATE FIRE S.R.L. | 809/27.07.2020 Equipment rental contract no.4600017557/2020 |
Rental of body temperature measuring instruments | 399,725 | ALRO Receivables 1,517
ALRO Debts 926,263 | - |
With payment order within 10 days from receiving the invoice |
Note:
* As regards the quantity of 5,886 tons, the value was reported on February 4th 2020.
**the mutual debts are calculated according to the accounting records on the date of June 30th, 2020.
| Marian-Daniel NĂSTASE | Gheorghe DOBRA |
| Chairman of the Board of Directors | Chief Executive Officer |