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Alro S.A.
Related Party Transaction • May 15, 2024
2283_rns_2024-05-15_a36fafba-681e-4b71-8c92-096dab2f35d5.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: May 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. carried out during the period January 1 st – April 30 th , 2024, with the company ALUM S.A. Tulcea (member of Alro Group registered with the Financial Supervisory Authority), the following transactions that, cumulatively exceed 5% of the Company's net assets as per ALRO S.A. Standalone Financial Statements for the year of 2023, amounting to RON 43,468,272 as follows:
▪ Transactions of ALRO S.A. with ALUM S.A. Tulcea, carried out during the period January 1 st – April 30 th , 2024, in total amount of RON 54,395,261.
Details have been enclosed to this Report, as follows:
- Annex 1 Reporting of transactions carried out during the period January 1 st – April 30 th , 2024;
- Annex 2 Reporting of contracts related to the transactions in Annex 1;
- Annex 3 Reporting of mutual debts and receivables balances as of April 30 th , 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 January 1 st – April 30 th , 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 |
| 2024 | 1 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Acquisitions | Alumina | 25,350,144 | 929/ 15.09.2022 |
| 2024 | 1 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Acquisitions | Rent | 4,293 | 526/ 13.05.2010 |
| 2024 | 2 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Acquisitions | Alumina | 14,313,914 | 929/ 15.09.2022 |
| 2024 | 2 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Acquisitions | Rent | 4,293 | 526/ 13.05.2010 |
| 2024 | 2 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Acquisitions | Pressure multiplier | 3,657 | no contract |
| 2024 | 3 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Acquisitions | Alumina | 11,097,715 | 929/ 15.09.2022 |
| 2024 | 3 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Acquisitions | Rent | 4,293 | 526/ 13.05.2010 |
| 2024 | 4 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Acquisitions | Commission | 1,171,326 | 395/15.03.2024 |
| 2024 | 4 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Acquisitions | Rent | 4,293 | 526/13.05.2010 |
Total 51,953,928
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 |
| 2024 | 1 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Sales | Electricity | 843,936 | 1311/15.12.2023 |
| 2024 | 1 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Sales | Reinvoicing goods | 3,292 | 191/ 18.04.2011 |
| 2024 | 1 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Sales | Rent | 2,362 | 1653/ 23.12.2021 |
| 2024 | 2 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Sales | Electricity | 506,197 | 1311/15.12.2023 |
| 2024 | 2 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Sales | Reinvoicing services | 8,597 | no contract |
| 2024 | 2 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Sales | Rent | 2,362 | 1653/ 23.12.2021 |
| 2024 | 2 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Sales | Reinvoicing goods | 4,584 | 191/ 18.04.2011 |
| 2024 | 3 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Sales | Electricity | 442,096 | 1311/15.12.2023 |
| 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 |
| 2024 | 3 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Sales | Reinvoicing goods | 4,757 | 191/ 18.04.2011 |
| 2024 | 3 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Sales | Rent | 2,359 | 1653/ 23.12.2021 |
| 2024 | 3 | ALRO S.A. | Issuer | Alum S.A. | Subsidiary | Sales | Insurance rebilling | 182,183 | no contract |
| 2024 | 4 | ALRO S.A. | Issuer | Alum S.A | Subsidiary | Sales | Electricity | 421,084 | 1311/15.12.2023 |
| 2024 | 4 | ALRO S.A. | Issuer | Alum S.A | Subsidiary | Sales | Reinvoicing goods | 5,955 | 191/ 18.04.2011 |
| 2024 | 4 | ALRO S.A. | Issuer | Alum S.A | Subsidiary | Sales | Rent | 2,359 | 1653/ 23.12.2021 |
| 2024 | 4 | ALRO S.A. | Issuer | Alum S.A | Subsidiary | Sales | Reinvoicing services | 9,210 | no contract |
Total 2,441,333
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 relationship |
Object of transaction |
N.R.U. number/ Date of contract |
Payment term |
|---|---|---|---|---|---|---|---|
| ALRO S.A. | Issuer | ALUM S.A. | Subsidiary | Acquisitions | Alumina | 929/ 15.09.2022 | 30 days from the delivery or payment in advance based on the seller's request and buyer's acceptance |
| ALRO S.A. | Issuer | ALUM S.A. | Subsidiary | Acquisitions | Rent | 526/ 13.05.2010 |
60 days from the invoice issuing date |
| ALRO S.A. | Issuer | ALUM S.A. | Subsidiary | Acquisitions | Agent contract |
395/15.03.2024 | 5 days from the invoice issuing date |
Sales 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 | ALUM S.A. | Subsidiary | Sales | Reinvoicing goods |
191/ 18.04.2011 |
30 days from invoicing date |
| ALRO S.A. | Issuer | ALUM S.A. | Subsidiary | Sales | Electricity | 1311/15.12.2023 | 15 calendar days from the invoice issuing date |
| ALRO S.A. | Issuer | ALUM S.A. | Subsidiary | Sales | Rent | 1653/ 23.12.2021 | Until the 10 of the following months |
Annex 3 - Reporting of mutual debts and receivables balances as of April 30 th , 2024
| Company | Related party | th Balance as of April 30 , 2024 (RON) |
||||
|---|---|---|---|---|---|---|
| Name Nature of relationship |
Name | Nature of relationship | Receivables | Liability | ||
| ALRO S.A. | Issuer | ALUM S.A. | Subsidiary | 53,896,406 | 2,705,425 |