Market News


ALRO S.A. - ALR

The status of civil action Alro - Competition Council

Release Date: 5/15/2019 12:39:00 PM

IRIS Code: 9AEA7

 

To:   The Financial Regulating Authority                                                                                                                                                                                                No. 31/15.05.2019

         Bucharest Stock Exchange

  

Date of report: May 15th, 2019

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 Category (market symbol: ALR)

 

Ref: Current report as per article no. 234 letter (l) paragraph 1 of Regulation no.5/2018 of FSA regarding Issuers of Financial Instrument and Market Operations, as well as per the provisions of art.99 of the Bucharest Stock Exchange, Tier II, Issuers and Financial Instruments

Significant event to be reported: Information on the status of the civil action lodged by ALRO S.A. against the Competition Council concerning the former’s claim for the cancellation of the Sanction decision no. 82/2015 issued by the Competition Council

 In the case file 954/2/2016 pending before the Bucharest Court of Appeal, whose object-matter is both the claim for the cancellation of an administrative document – i.e. the sanction report, as well as the claim for the cancellation of the sanction decision no.82/2015 issued by the Competition Council, following the attachment of the case file 3536/2/2016, the Court postponed the case until May 13th, 2019, so that the legal representative of the defendant acknowledge the application initiating proceedings before the Court of Justice of the European Union submitted by the plaintiff. 

As per the information posted on the Courts‘ website, the Court postponed again the delivery of the judgment on the application initiating proceedings before the Court of Justice of the European Union to the date of May 20th 2019, and the decision is to be made available to the parties through the Registry of the Court.  

As concerns the status of the above case files, Alro S.A. will inform the general public and the investors in due course. 

 

                                      Chairman of the Board of Directors                                 Managing Director

                                                Marian Daniel Nastase                                               Gheorghe Dobra

 

 



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