AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Alro S.A.

Related Party Transaction Jul 30, 2021

2283_rns_2021-07-30_fafccfb3-fce1-40ab-a425-00b42d67e49d.pdf

Related Party Transaction

Open in Viewer

Opens in native device viewer

No: 55/ 30.07.2021

To: The Financial Supervisory Authority Bucharest Stock Exchange

Current report in compliance with article no. 923 of Law no. 24/2017 on issuers of financial instruments and market operations and Law no. 158/2020 for the amendment, supplementation and repealing of certain normative acts, as well as for setting up measures for the implementation of Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017, establishing a general framework for securitization and creating a specific framework for a simple, transparent and standardized securitization and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU, as well as Regulations (EC) no. 1060/2009 and (EU) no. 648/2012.

Date of report: July 30th , 2021 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

Significant event to be reported: Reporting of transactions with related parties according to art. 923paragraph 3 and paragraph 13 of Law no. 24/2017 as amended and supplemented by Law no. 158/2020

Please be informed by the present Current Report that ALRO S.A. concluded with the company VIMETCO EXTRUSION S.R.L. (member of Alro Group registered with the Financial Supervisory Authority), on the date of July 30th , 2021, a new transaction based on sale-purchase contract, whose cumulated value with the other transactions concluded/ carried out within the last 12 months, cumulatively exceeds 5% of the Company's net assets, as per ALRO S.A. standalone financial statements for the year 2020, in amount of RON 51,598,374.

Details regarding the transaction concluded July 30th , 2021 by ALRO S.A., as Seller with VIMETCO EXTRUSION S.R.L., as Buyer, containing information on the transaction date of conclusion, nature, description of its object, mutual receivables and debts are presented in Annex 1 hereto.

Chairman of the Board of Directors, Chief Executive Officer, Marian Daniel Nastase Gheorghe Dobra

(market symbol: ALR)

Annex 1 – Reporting of the transaction concluded on July 30th 2021 and of mutual receivables and debts (balances) as of 30 June 2021

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
Issuer P073021-147/30.07.2021
Addendum no.6
to the
sale-purchase
agreement
no.
I 3311/2021
Setting up the processing
premium for the quantity of
5,819
Mt +/-5% of
aluminium billets to be
delivered within the period
October-December
2021
86,435,827* Receivables
ALRO S.A.
38,507,461
- 45 days from delivery
date
EXTRUSION
S.R.L.
Subsidiary Debts ALRO
S.A.
622,250

* this estimated value is included in the value of the contract reported on the date of December 08 th, 2020

Talk to a Data Expert

Have a question? We'll get back to you promptly.