Current report in compliance with of article no. 92 ind. 3 of Law no. 24/2017 (ALUM S.A. & CONEF GAZ S.R.L.)

Fri, 10/02/2020 - 19:05

 Please be informed by the present Current Report, that ALUM S.A., subsidiary of ALRO S.A., concluded with the company CONEF GAZ S.R.L., related party of ALRO Group, on the date of 1 October 2020 a new transaction based on a purchase contract, whose value cumulated with the other transactions concluded/ carried out within the last 12 months, i.e. in the period 1st September 2019 – 31st August 2020, cumulatively exceeds 5% of the Company’s net assets, as per ALRO S.A. standalone financial statements for the year  2019, in amount of RON 37,077,541, as follows:

•  Transactions of ALUM S.A., subsidiary of ALRO S.A., with CONEF GAZ S.R.L., related party of ALRO Group, concluded/ carried out in the period 1st September 2019 – 31st August 2020, in total amount of RON 156,033,717;
•  Details on the contract concluded on 1st October 2020 by ALUM S.A., subsidiary of ALRO S.A., as buyer, with the Company CONEF GAZ S.R.L., related party of ALRO Group, as seller, in estimated amount of RON 91,025,261. 

Details have been enclosed to this Report, as follows: