Market News


ALRO S.A. - ALR

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

Release Date: 5/19/2022 2:30:06 PM

IRIS Code: ECBC7

No. 46/19.05.2022

 

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 12 of Law no. 24/2017 - Republished

 

Please be informed by the present Current Report, that ALUM S.A., subsidiary of ALRO S.A., concluded with the company CONEF GAZ S.R.L., related party of ALRO Group, on the date of May 19th, 2022, one new transaction based on a purchase contract and carried out in the period March 1st, 2022 – April 30th, 2022, the following transactions that, cumulatively exceed 5% of the Company’s net assets as per ALRO S.A. Standalone Financial Statements for the year 2021, in amount of RON 53,659,613, as follows:

 

§  Transactions of ALUM S.A., subsidiary of ALRO S.A., with CONEF GAZ S.R.L., company which is under common control of ALRO Group, carried out in the period March 1st, 2022 – April 30th, 2022, in total amount of RON 47,275,451.

§  Details regarding the transaction concluded on May 19th, 2022 by ALUM S.A., subsidiary of ALRO S.A., as Buyer, with the Company CONEF GAZ S.R.L., related party of ALRO Group, as Seller, in estimated amount of RON de 20,959,080.

 

Details have been enclosed to this Report, as follows:

·         Annex 1 - Reporting of transactions carried out 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 the transaction concluded on May 19th, 2022 and of mutual debts and receivables (balances) as of April 30th, 2022.

 

Chairman of the Board of Directors                                                                                                 Chief Executive Officer

                Marian Daniel Nastase                                                                                                            Gheorghe Dobra


 

Annex 1 - Reporting of transactions carried out in 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

ALUM S.A.

Subsidiary

CONEF GAZ S.R.L.

Company under common control

Acquisitions

Gas

       18,261,214

15/14.01.2022

2022

4

ALUM S.A.

Subsidiary

CONEF GAZ S.R.L.

Company under common control

Acquisitions

Gas

       29,014,237

82/29.03.2022

               

       47,275,451

 
                     

Annex 2 - Reporting of contracts related to the transactions included 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

ALUM S.A.

Subsidiary

CONEF GAZ S.R.L.

Company under common control

Acquisitions

Gas

15/14.01.2022

For the advance invoice: 25% of the invoice value on the 5th day of the delivery month and the remaining payment (difference) on the 15th day of the delivery month;
For the settling invoice: on the 15th day of the month following the consumption month.

ALUM S.A.

Subsidiary

CONEF GAZ S.R.L.

Company under common control

Acquisitions

Gas

82/29.03.2022

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.

  

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

 

Nr.

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.

ALUM S.A.

Subsidiary

105/19.05.2022
Addendum no. 32 to the natural gas sales contract no.
118/2010

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

20,959,080*

Receivable  ALUM
21,147,852.80

 

Debts ALUM
16,722,073.90

-

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.

 

Conef Gaz S.R.L.

Company under common control

 

 

* this estimated value was included in the Current Report no. 76, on the date of October 15th, 2021

 



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