Ref: Current report as per art.113 item A letter j) of the National Securities Commission’s Regulation no.1/2006 on the issuers of and operations with securities, as subsequently amended and completed, as well as per the provisions of art.99 of the Buchar

Fri, 12/23/2016 - 15:48

Significant events to be reported: Information on the status of the civil action lodged by ALRO S.A. against the Competition Council concerning the former’s claim for the cancellation of the Sanction decision no. 82/2015 issued by the Competition Council

By the Current Report issued as on December 15, 2016, Alro S.A. informed the shareholders and investors that in the case file 954/2/2016 pending before the Bucharest Court of Appeal, whose object-matter is both the claim for the cancellation of an administrative document – i.e. the sanction report, as well as the claim for the cancellation of the sanction decision no. 82/2015 issued by the Competition Council, on the hearing date of December 14, 2016 the court has postponed ruling on the plea of inadmissibility of the challenge against the Competition Council’s report and has decided on a new hearing date for February 01, 2017 to continue the trial with the other aspects brought before the court, respectively Alro’s appeal against the sanctioning decision.

Following the resolution of December 21st, 2016, the court briefly ruled the following resolution : It admits the exception of inadmissibility of the request for cancellation of the Deliberation Minutes dated 24.12.2015 of the Competition Council plenary, pleaded by the defendant. Released in open session, today 21.12.2016.

We would like to mention that the information regarding the court resolution has been excerpted from the Courts of Law web portal, as posted on the web site of Bucharest Court of Appeal, on December 23rd, 2016..

As concerns the status of the above case file, Alro S.A. will inform the general public and the investors in due course.