Current Report: Intragroup transactions whose cumulated values amount to over EUR 50,000
Mon, 09/17/2018 - 16:11
Important event to be reported: d) Transactions of the type listed under art. 82 of Law no. 24/2017
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) 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. (Seller) – VIMETCO EXTRUSION S.R.L. (Buyer) | P090318-172 Addendum no.2 to the sale-purchase contract no.I 2913/2018 | Addendum no.2 to the contract no. I 2913/2018 regarding the establishment of the processing premium for the quantity of 6,372 Mt. +/- 2% aluminium billets, series 6060/6063/6005,and 6082 to be delivered within the period July – September 2018 |
64,549,796*
| Receivables - ALRO Customers (account # 411): 64,856,029
Debts of ALRO to Suppliers (account# 401): 130,751 | - | Maximum 90 days from delivery |
| 2. | ALRO S.A. (Seller) – VIMETCO EXTRUSION S.R.L. (Buyer) | P090418-180 the sale-purchase contract no.I 3050/2019 | Contract no. I 3050/2019 for the supply of 24,206 tons +/- 2% of aluminum billets, alloys 6060/6063/6005 and 6082, during period January - December 2019 |
249,891,749 | Receivables - ALRO Customers (account # 411): 64,856,029
Debts of ALRO to Suppliers (account# 401): 130,751 | - | Maximum 90 days from delivery |
| 3. | ALRO S.A. (Service provider )– ALUM S.A. (Beneficiary) | 1294/07.09.2018 Addendum 1 to the service contract nr.40002580/2013 | Extension of the contract by 5 (five) years, respectively until 26.08.2023 | 2,791,330 | Receivables - ALRO Customers (account # 411/461): 35,061,095
Debts of ALRO to Suppliers (account# 401): 33,472 | - |
30 days at invoice reception |
Note:
*this estimated value is included in the value of the contract reported on 01.02.2018.
**the mutual debts are calculated according to the accounting records on the date of August 31st, 2018.
| Marian-Daniel NĂSTASE | Gheorghe DOBRA |
| Chairman of the Board of Directors | Chief Executive Officer |