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ALRO S.A. - ALR

Report according art. 108 Law 24/2017 (R)

Release Date: 3/23/2023 3:48:00 PM

IRIS Code: 09CE7

                                                                                                                                                                                                                                                                   No. 23/23.03.2023

 To: The Financial Supervisory Authority                                                                                                                

        Bucharest Stock Exchange

 

Current report in compliance with article no. 108 of Law no. 24/2017 on issuers of financial instruments and market operations - Republished 

 

Date of report: March 23th, 2023

Name of issuer: ALRO S.A.

Headquarters: Slatina, 116 Pitesti Street, Olt County

Telephone/ fax number: +40 249 431 901 / +40 249 437 500

Sole registration number at the Trade Register Office: RO 1515374

Trade Register Number: J28/8/1991

The European Unique Identifier (EUID): ROONRCJ28/8/1991

Legal Entity Identifier (LEI): 5493008G6W6SORM2JG98

Subscribed and paid-in share capital: 356,889,567.5 RON

Regulated market on which the issued shares are traded: Bucharest Stock Exchange – Premium Tier Category (market symbol: ALR)

 

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 March 23th, 2023 with the company VIMETCO EXTRUSION S.R.L. (member of Alro Group registered with the Financial Supervisory Authority), one new transaction whose cumulated value 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 2022, amounting to RON 53,695,300.

 

Details regarding the transaction concluded on of March 23th, 2023 by ALRO S.A., as Provider with VIMETCO EXTRUSION S.R.L., as Beneficiary, 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.

 

        Chairman of the Board of Directors                                                                                                 Chief Executive Officer

                Marian Daniel Nastase                                                                                                                   Gheorghe Dobra


 

 

Annex 1 - Reporting of the transaction concluded on March 23th, 2023 and of mutual debts and receivables balances as of February 28st, 2023

 

No.

Parties having concluded the legal document

 

Nature of the relationship

Date of conclusion and nature of the document

Description of the legal document object

Total value of the legal document

(RON)*

Mutual receivables and debts

(RON)

Created securities

 

Payment terms and conditions

1.

ALRO S.A.

 

VIMETCO

EXTRUSION S.R.L.

 

 

Issuer

 

 

Subsidiary

 

446/23.03.2023

Addendum no. 24 to the services contract no. E 1153 bis/2006

 

   

Setting up the processing price for March 2023

 

 

1,093,167

Receivables ALRO S.A.

63,929,089

 

Debts ALRO S.A.

1,105,083

 

 

 

-

 

 

30 days from the invoice date

 

 

 

 

 

 

 



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