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Alro S.A.
Related Party Transaction • Feb 20, 2025
2283_rns_2025-02-20_3a1a2ef3-da99-4f6a-a6fa-25398b9ce082.pdf
Related Party Transaction
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T: +40-249-431.901 T: +40-21-408.35.00
230048 Slatina, Romania 040036 Bucharest,Romania
Nr. 10/20.02.2025
Current Report
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 20th , 2025 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: J1991000008282 The European Unique Identifier (EUID): ROONRCJ1991000008282 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 20th , 2025 with the company VIMETCO MANAGEMENT ROMANIA S.R.L. 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 2024, amounting to RON 43,365,613, as follows:
- Transactions of ALRO S.A. with VIMETCO MANAGEMENT ROMANIA S.R.L., carried out during the period December 1 st, 2024 – January 31 st, 2025 in total amount of RON 31,525,627.
- Details on the transaction concluded on February 20th, 2025 by ALRO S.A. as Buyer/Consumer, with the company VIMETCO MANAGEMENT ROMANIA S.R.L. as Seller/Provider, in estimated amount of RON 52,945,966.
Details have been enclosed to this Report, as follows:
- Annex 1 Reporting of transactions carried out during the period December 1 st, 2024 – January 31st, 2025 ;
- Annex 2 Reporting of contracts related to the transactions in Annex 1;
- Annex 3- Reporting of transaction concluded on February 20th, 2025 and of mutual debts and receivables balances as of January 31 s , 2025.
1
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 Marin Cilianu
ALRO S.A. CIF: RO1515374 J1991000008282 www.alro.ro
| Slatina H.Q. | Bucharest Office |
|---|---|
| 116 Pitesti Street | 64 Splaiul Unirii |
| 230048 Slatina, Romania | 040036 Bucharest, Romania |
| T: +40-249-431.901 | T: +40-21-408.35.00 |
Annex 1 - Reporting of transactions carried out during the period December 1 st, 2024 – January 31 st, 2025
Acquisitions
| 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 | 12 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Consultancy | 1,073,000 | 1201/15.10.2024 |
| 2024 | 12 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Gas | 5,287,837 | 1496/16.12.2024 |
| 2024 | 12 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Energy | 5,910,275 | 1494/16.12.2024 |
| 2024 | 12 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Reinvoicing expenses | 37,656 | no contract |
| 2024 | 12 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Strategic consultancy | 6,409,787 | 1207/15.10.2024 |
| 2024 | 12 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Strategic consultancy | 15,519 | 1208/15.10.2024 |
| 2025 | 1 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Consultancy | 1,073,000 | 1201/15.10.2024 |
| 2025 | 1 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Gas | 6,967,152 | 1496/16.12.2024 |
| 2025 | 1 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Energy | 4,614,477 | 1537/24.12.2024 |
| 2025 | 1 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Reinvoicing expenses | 38,363 | no contract |
| 2025 | 1 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Strategic consultancy | 25,878 | 1207/15.10.2024 |
| 2025 | 1 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Strategic consultancy | 15,527 | 1208/15.10.2024 |
| Total | 31,468,471 |
2
| Slatina H.Q. | Bucharest Office |
|---|---|
| 116 Pitesti Street | 64 Splaiul Unirii |
| 230048 Slatina, Romania | 040036 Bucharest, Romania |
| T: +40-249-431.901 | T: +40-21-408.35.00 |
Sales
| Year | Month | Name | Nature of relationship |
VIMETCO MANAGEMENT ROMANIA SRL |
Nature of relationship |
Nature of transaction |
Object of transaction | Amount (RON) |
N.R.U. number/ Date of contract |
|---|---|---|---|---|---|---|---|---|---|
| 2024 | 12 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Sales | Gas distribution | 31,588 | 1205/15.10.2024 |
| 2025 | 1 | ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Sales | Gas distribution | 25,568 | 1205/15.10.2024 |
| Total | 57,156 |
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 SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Consultancy | 1201/15.10.2024 | Maximum 5 days from the beginning of each month |
| ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Gas | 1496/16.12.2024 | Advance invoice will be paid in 5 working days from the invoice date th Regularization invoice will be paid on 25 of the month following the delivery month |
| ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Energy | 1494/16.12.2024 | 3 days from the receipt invoice date |
| ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Energy | 1537/24.12.2024 | 3 days from the receipt invoice date |
| ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Strategic consultancy | 1207/15.10.2024 | 3 days from the receipt invoice date |
| ALRO SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Acquisitions | Strategic consultancy | 1208/15.10.2024 | 45 days from the invoice 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 SA | Issuer | VIMETCO MANAGEMENT ROMANIA SRL |
Affiliated | Sales | Gas distribution | 1205/15.10.2024 | 5 days from the invoice date |
3
| Slatina H.Q. | Bucharest Office |
|---|---|
| 116 Pitesti Street | 64 Splaiul Unirii |
| 230048 Slatina, Romania | 040036 Bucharest, Romania |
| T: +40-249-431.901 | T: +40-21-408.35.00 |
Annex 3 - Reporting of transaction concluded on February 20th , 2025 and of mutual debts and receivables balances as of January 31th , 2025
| 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) |
Penalties | Payment terms and conditions |
|---|---|---|---|---|---|---|---|---|
| 1. | ALRO S.A. VIMETCO |
Issuer 209/20.02.2025 Addendum no. 1 of the electricity Affiliated supply contract |
Changing of the contract price starting 01.01.2025 |
52,945,966* | Receivables ALRO S.A. 14,936,049 |
0.02% for each day of delay |
5 working days before the start of the delivery month for the advance invoice |
|
| MANAGEMENT ROMANIA S.R.L. |
no. 23/20.12.2024 | Debts ALRO S.A. 11,723,201 |
3 calendar days for the regularization invoice |
*this value replaces the contract value included in the Current Report no. 72 of 24.12.2024
