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Alro S.A.
Related Party Transaction • Feb 15, 2024
2283_rns_2024-02-15_088473df-37c1-4cf5-bd64-2500b67655f4.pdf
Related Party Transaction
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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: February 15 th , 2024 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 February 15th , 2024 with the company VIMETCO EXTRUSION S.R.L. (member of Alro Group registered with the Financial Supervisory Authority), five new transactions whose value cumulated 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 2023, amounting to RON 63,083,755, as follows:
- Transactions of ALRO S.A. with VIMETCO EXTRUSION S.R.L., carried out during the period November 1 st , 2023 – January 31 st, 2024 in total amount of RON 71,704,723.
- Details on the transactions concluded on February 15 th , 2024 by ALRO S.A. with the company VIMETCO EXTRUSION S.R.L. in estimated amount of RON 382,539,617.
Details have been enclosed to this Report, as follows:
- Annex 1 Reporting of transactions carried out during the period November 1 st, 2023 – January 31 st, 2024;
- Annex 2 Reporting of contracts related to the transactions in Annex 1;
- Annex 3 Reporting of transactions concluded on February 15th, 2024 and of mutual debts and receivables balances as of January 31 st, 2024.
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 transactions carried out during the period November 1 st, 2023 – January 31 st, 2024
Acquisitions
| Company | Related party | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Year | Month | Name | Nature of relationship |
Name | Nature of relationship |
Nature of transaction |
Object of transaction |
Amount (RON) | N.R.U. number/ Date of contract |
| 2023 | 11 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Acquisitions | Aluminium scrap | 292,634 | 130/19.01.2023 |
| 2023 | 12 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Acquisitions | Aluminium scrap | 133,037 | 130/19.01.2023 |
| 2024 | 1 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Acquisitions | Aluminium scrap | 195,447 | 244/15.02.2024 |
Total 621,118
Sales
Company Related party Year Month Name Nature of relationship Name Nature of relationship Nature of transaction Object of transaction Amount (RON) N.R.U. number/ Date of contract 2023 11 ALRO S.A. Issuer VIMETCO EXTRUSION S.R.L. Subsidiary Sales Finished products 32,378,904 P111423-214/15.11.2023 2023 11 ALRO S.A. Issuer VIMETCO EXTRUSION S.R.L. Subsidiary Sales Rent 195,115 132/19.01.2023 2023 11 ALRO S.A. Issuer VIMETCO EXTRUSION S.R.L. Subsidiary Sales Rent 470 1066/27.11.2019 2023 11 ALRO S.A. Issuer VIMETCO EXTRUSION S.R.L. Subsidiary Sales Rent 5,459 622/15.05.2023 2023 11 ALRO S.A. Issuer VIMETCO EXTRUSION S.R.L. Subsidiary Sales Electricity 1,058,887 129/19.01.2023 2023 11 ALRO S.A. Issuer VIMETCO EXTRUSION S.R.L. Subsidiary Sales Finished products processing 1,120,472 1244/23.11.2023 2023 11 ALRO S.A. Issuer VIMETCO EXTRUSION S.R.L. Subsidiary Sales Services 68,060 294/16.02.2021 2023 11 ALRO S.A. Issuer VIMETCO EXTRUSION S.R.L. Subsidiary Sales Utilities 48,500 132/19.01.2023 2023 11 ALRO S.A. Issuer VIMETCO EXTRUSION S.R.L. Subsidiary Sales Utilities 3,804 133/19.01.2023 2023 11 ALRO S.A. Issuer VIMETCO EXTRUSION S.R.L. Subsidiary Sales Services 5,430 no contract 2023 12 ALRO S.A. Issuer VIMETCO EXTRUSION S.R.L. Subsidiary Sales Finished products 12,043,127 P111423-214/15.11.2023 2023 12 ALRO S.A. Issuer VIMETCO EXTRUSION S.R.L. Subsidiary Sales Rent 195,339 132/19.01.2023 2023 12 ALRO S.A. Issuer VIMETCO EXTRUSION S.R.L. Subsidiary Sales Rent 470 1066/27.11.2019
Alro S.A. 116 Pitești Street Phone: +(40) 0249 431 901 [email protected]
Slatina, Romania Fax: +(40) 0249 437 500 www.alro.ro
| Year | Month | Name | Nature of relationship |
Name | Nature of relationship |
Nature of transaction |
Object of transaction |
Amount (RON) | N.R.U. number/ Date of contract |
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 12 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Rent | 5,465 | 622/15.05.2023 |
| 2023 | 12 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Electricity | 1,016,624 | 129/19.01.2023 |
| 2023 | 12 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Finished products | 556,639 | 1380/29.12.2023 |
| processing | |||||||||
| 2023 | 12 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Services | 32,140 | 294/16.02.2021 |
| 2023 | 12 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Utilities | 48,500 | 132/19.01.2023 |
| 2023 | 12 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Utilities | 1,579 | 133/19.01.2023 |
| 2024 | 1 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Finished products | 20,254,529 | P020924-3/ 15.02.2024 |
| 2024 | 1 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Rent | 195,417 | 132/19.01.2023 |
| 2024 | 1 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Rent | 519 | 1066/27.11.2019 |
| 2024 | 1 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Rent | 5,467 | 622/15.05.2023 |
| 2024 | 1 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Electricity | 563,996 | 250/15.02.2024 |
| 2024 | 1 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Finished products | 1,174,049 | 137/31.01.2024 |
| processing | |||||||||
| 2024 | 1 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Services | 52,080 | 294/16.02.2021 |
| 2024 | 1 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Utilities | 48,500 | 246/15.02.2024 |
| 2024 | 1 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Utilities | 3,283 | 245/15.02.2024 |
| 2024 | 1 | ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Services | 781 | no contract |
Total 71,083,605
Annex 2 - Reporting of the contracts related to the transactions included in the Annex 1;
Acquisition contracts
| Name | Nature of relationship |
Name | Nature of relationship |
Nature of transaction |
Object of transaction | N.R.U number/ Date of contract |
Payment term |
|---|---|---|---|---|---|---|---|
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Acquisitions | Aluminium scrap | 130/19.01.2023 | 90 days from invoice date |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Acquisitions | Aluminium scrap | 244/15.02.2024 | 90 days from invoice date |
Sales contracts
| Name | Nature of relationshi p |
Name | Nature of relationship |
Nature of transaction |
Object of transaction | N.R.U. number/ Date of contract |
Payment term |
|---|---|---|---|---|---|---|---|
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Rent | 132/19.01.2023 | 30 days from invoice date |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Rent | 1066/ 27.11.2019 | 30 days from the date of receipt of the invoice |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. | Subsidiary | Sales | Rent | 622/15.05.2023 | 30 days from the date of receipt of the invoice |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. |
Subsidiary | Sales | Utilities | 132/19.01.2023 | 30 days from invoice date |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. |
Subsidiary | Sales | Utilities | 246/15.02.2024 | 30 days from invoice date |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. |
Subsidiary | Sales | Utilities | 133/19.01.2023 | 30 days from invoice date |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. |
Subsidiary | Sales | Utilities | 245/15.02.2024 | 30 days from invoice date |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. |
Subsidiary | Sales | Finished products processing |
1244/23.11.2023 | 30 days from invoice date |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. |
Subsidiary | Sales | Finished products processing |
1380/29.12.2023 | 30 days from invoice date |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. |
Subsidiary | Sales | Finished products processing |
137/31.01.2024 | 30 days from invoice date |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. |
Subsidiary | Sales | Electricity | 129/19.01.2023 | 15 days from invoice date |
| Name | Nature of relationshi p |
Name | Nature of relationship |
Nature of transaction |
Object of transaction | N.R.U. number/ Date of contract |
Payment term |
|---|---|---|---|---|---|---|---|
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. |
Subsidiary | Sales | Electricity | 250/15.02.2024 | 15 days from invoice date |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. |
Subsidiary | Sales | Services | 294/16.02.2021 | 30 days from invoice date |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. |
Subsidiary | Sales | Finished products | P111423- 214/15.11.2023 |
45 days from the delivery |
| ALRO S.A. | Issuer | VIMETCO EXTRUSION S.R.L. |
Subsidiary | Sales | Finished products | P020924-3/ 15.02.2024 | 45 days from the delivery |
Annex 3 - Reporting of transactions concluded on February 15 th , 2024 and of mutual debts and receivables balances as of January 31 st, 2024
| 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. (Seller) VIMETCO EXTRUSION S.R.L. (Buyer) |
Issuer Subsidiary |
245/15.02.2024 Addendum no. 9 to the water providing contract no. 40003072 /2015 |
Extending the contract period st up to December 31 , 2024 and setting up the prices for 2024 |
46,114 | Receivables ALRO S.A. 26,313,438 Debts ALRO S.A. 819,824 |
- | PO at 30 days from the invoice date |
| 2. | ALRO S.A. (Provider) VIMETCO EXTRUSION S.R.L. (Consumer) |
Issuer Subsidiary |
250/15.02.2024 Addendum no. 16 to the electricity supply contract no. 01/10.12.2007 |
Extending the contract period st up to December 31 , 2024 and setting up the price and estimated energy quantity for the period 01.01.2024- 31.12.2024 |
5,581,323 | Receivables ALRO S.A. 26,313,438 Debts ALRO S.A. 819,824 |
15 calendar days from issuance |
| 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 |
|---|---|---|---|---|---|---|---|---|
| 3. | ALRO S.A. (Buyer) VIMETCO EXTRUSION S.R.L. (Seller) |
Issuer Subsidiary |
244/15.02.2024 Addendum no. 10 to the Sale-Purchase scrap contract no. 4600008580/26.11.2013 |
Extending the contract period st up to December 31 , 2024 and setting up the estimated waste quantity which will be purchased during the period January-December 2024 |
3,662,641 | Receivables ALRO S.A. 26,313,438 Debts ALRO S.A. 819,824 |
90 days from the invoice date |
|
| 4. | ALRO S.A. (Lessor) VIMETCO EXTRUSION S.R.L. (Lessee) |
Issuer Subsidiary |
246/15.02.2024 Addendum no. 23 to the rental contract no. 2347/ 2006 |
Setting up the price/month representing the equivalent of the utilities starting 01.01.2024 |
582,000 | Receivables ALRO S.A. 26,313,438 Debts ALRO S.A. 819,824 |
- | PO at 30 days from the invoice date |
| 5. | ALRO S.A. (Seller) VIMETCO EXTRUSION S.R.L. (Buyer) |
Issuer Subsidiary |
P020924-3/15.02.2024 Sale-Purchase contract no. I 3738/2024 |
Setting up the quantity of 30,210 Mt +/- 5% of aluminum billets, type 6060i, 6063, 6005, 6082F, which will be delivered within the period January December 2024 and setting up the sales premium for Q1 2024 |
372,667,539 | Receivables ALRO S.A. 26,313,438 Debts ALRO S.A. 819,824 |
- | 45 days from delivery date |