Market News


ALRO S.A. - ALR

Report according art. 108 Law 24/2017 (R)

Release Date: 5/19/2022 2:29:14 PM

IRIS Code: 9136B

No.45/19.05.2022

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 19th, 2022

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)

 

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 with the company CONEF GAZ SRL, company under joint control, on the date of May 19th, 2022 a new contract, whose value cumulated 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 2021 year, in amount of RON 53,659,613, as follows:

 

§  Transactions of ALRO S.A. with CONEF GAZ SRL concluded/ carried out during the period March 1st, 2022 – April 30th, 2022 in total amount of RON 44,552,024.

§  Details on the contract concluded on May 19th, 2022 by ALRO S.A., as Buyer with the company CONEF GAZ SRL, as Seller, in estimated amount of RON 18,217,886.

 

Details have been enclosed to this Report, as follows:

·         Annex 1 - Reporting of concluded/carried out transactions during the period March 1st, 2022 – April 30th, 2022;

·         Annex 2 - Reporting of contracts related to the transactions in Annex 1

·         Annex 3 - Reporting of contract concluded on May 19th, 2022 and of mutual debts and receivables (balances) as of April 30th, 2022.

 

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 concluded/carried out transactions during the period March 1st, 2022 – April 30th, 2022

 

Acquisitions

 

Year

Months

Name

Nature of relationship

Name

Nature of relationship

Nature of transaction

Object of transaction

Amount (RON)

N.R.U. number/ Date of contract

2022

3

ALRO SA

Issuer

CONEF GAZ SRL

Common control

Acquisitions

Gas

11,019,725

98/14.01.2022

2022

4

ALRO SA

Issuer

CONEF GAZ SRL

Common control

Acquisitions

Gas

12,642,657

98/14.01.2022

2022

4

ALRO SA

Issuer

CONEF GAZ SRL

Common control

Acquisitions

Gas

20,784,373

415/29.03.2022

 

 

 

 

 

 

         

Total

 

44,446,755

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales

 

Year

Month

Name

Nature of relationship

Name

Nature of relationship

Nature of transaction

Amount (RON)

N.R.U. number/ Date of contract

2022

3

ALRO SA

Issuer

CONEF GAZ SRL

Common control

Rent

12,026

1295/13.11.2020

2022

3

ALRO SA

Issuer

CONEF GAZ SRL

Common control

Gas distribution services

37,936

1334/15.10.2021

2022

4

ALRO SA

Issuer

CONEF GAZ SRL

Common control

Rent

12,022

1295/13.11.2020

2022

4

ALRO SA

Issuer

CONEF GAZ SRL

Common control

Gas distribution services

43,285

1334/15.10.2021

         

 

Total

 

 

105,269

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Annex 2 - Reporting of contracts related to the transactions in Annex 1

 

Acquisitions

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

CONEF GAZ SRL

Company under common control

Acquisitions

Natural gases

98/14.01.2022

For the advance invoice: 25% of the invoice value on the 5th day of the delivery month and the remaining payment (difference) on the 24th day of the delivery month;

For the settling invoice: on the 15th day of the month following the consumption month.

ALRO SA

Issuer

CONEF GAZ SRL

Company under common control

Acquisitions

Natural gases

415/29.03.2022

For the advance invoice: 50% of the invoice value on the 25th day of the month before the delivery month and the remaining payment (difference) on the 5th day of the delivery month;

For the settling invoice: up to 25th day of the month following the consumption month.

 

Sales

Name

Nature of relationship

Description of Client

Nature of relationship

Object of transaction

Contract number/ Date of contract

Payment term

ALRO SA

Issuer

CONEF GAZ SRL

Company under common control

Rents

1295/13.11.2020

Until the 10th of the next month

ALRO SA

Issuer

CONEF GAZ SRL

Company under common control

Gas distribution services

1334/15.10.2021

5 days from the invoice date

 

Annex 3 – Reporting of the contract concluded on May 19th, 2022 and of mutual debts and receivables (balances) as of April 30th, 2022

 

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 debts

(RON)

Created securities

Stipulated damages

 

Payment terms and conditions

1.

ALRO S.A.

 

Conef Gaz S.R.L.

 

 

 

Issuer

 

 

Company under joint control

633/19.05.2022 Addendum no.32 to the natural gas sales contract no.

114/2010

 

Setting up the gas delivery schedule for the month of June 2022.

18,217,886*

Receivable ALRO

19,179,554

 

Debts ALRO

11,175,282

 

-

For the daily quantities taken under the assigned quantities, the seller will charge penalties for that imbalance.

For the advance invoice: 50% of the invoice value on the 25th day of the month before the delivery month and the remaining payment (difference) on the 5th day of the delivery month;

For the settling invoice: up to 25th day of the month following the consumption month.

*this estimated value was included in the Current Report no. 75, on the date of October 15th, 2021

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved