To:
Romanian Financial Supervisory Authority (FSA)
Bucharest Stock Exchange (BSE)
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, SFA Regulation no. 5/2018 and the BSE Code
Report date: May 18th , 2022
Company name: VRANCART
Headquarters: Adjud, 17th Ecaterina Teodoroiu Street, Vrancea County, Romania
Phone/fax no.: 004-0237-640800/ 004-0237-641720
Fiscal Code: RO 1454846
Trade Register registration number: J39/239/1991
Subscribed and paid in share capital: 120,338,551.40 RON
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BSE)
Significant events to be reported:
Transactions with related parties according to Art. 108 of Law no. 24/2017 concluded between VRANCART (VNC) and its subsidiary ROM PAPER.
VRANCART informs its shareholders and investors that, as of May 17th, 2022, the value of commercial transactions between VRANCART and its subsidiary ROM PAPER, cumulated with the remaining transactions concluded/carried out between January 1st, 2022 and May 17th, 2022, exceeds the threshold of 5% of the net assets of VRANCART, according to the individual financial statements for 2021.
Details of the transactions up to May 17th, 2022, including information on the closing date, nature of the transactions, description of their subject matter, value of the transactions, expiry date, mutual claims and debts, collateral provided, stipulated penalties, terms and conditions of payment are given in Annex 1.
Chairman of the Board of Directors
Ionel-Marian CIUCIOI
Annex 1 – Details of the transactions concluded between VRANCART and ROM PAPER between January 1st, 2022 – May 17th, 2022, of the type listed in Art. 108 of Law 24/2017
|
N0.
|
Company
|
Scope of transaction
|
Type and contract number
|
Closing date
|
Contract / Addendum
|
Amount of transactions
January 1st, 2022 – May 17th, 2022
(RON)
|
Total amount of transactions
(estimated)
(RON)
|
|
|
|
|
Name
|
Guarantees
(RON)
|
Penalties
|
Payment terms
|
|
0
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
|
1
|
ROM PAPER
|
Sale – purchase of waste
|
Sale – purchase contract no. 471
|
September 1st, 2016
|
Unlimited period
|
53,538
|
160,000
|
n/a
|
0,06 %/day of delay
|
Within 30 days from the invoice - with PO/clearing
|
|
2
|
ROM PAPER
|
Sale – purchase of products
|
Sale – purchase contract no. 30732
|
January 3rd, 2019
|
1 year (with automatic 1-year extensions)
|
14,506,014
|
26,431,000
|
n/a
|
n/a
|
Within 90 days from the invoice - with PO/clearing
|
|
3
|
ROM PAPER
|
Real estate sublease
|
Sublease contract no. 3935
|
February 13th, 2020
|
March 31st, 2022
|
100,228
|
100,228
|
n/a
|
0,1 %/day of delay
|
Quarterly, within 30 days from the invoice - with PO/clearing
|
|
4
|
ROM PAPER
|
Equipments rental
|
Rental contract no. 11300
|
May 29th, 2020
|
March 31st, 2022
|
232,239
|
232,239
|
n/a
|
0,1 %/day of delay
|
Within 90 days from the invoice - with PO/clearing
|
|
5
|
ROM PAPER
|
Maintenance services
|
Maintenance contract no. 8940
|
April 23rd, 2020
|
March 31st, 2022
|
72,974
|
72,974
|
n/a
|
0,1%/day of delay
|
Within 90 days from the invoice - with PO/clearing
|
|
6
|
ROM PAPER
|
Sale of assets
|
Sale – purchase contract no. 5297
|
December 28th, 2021
|
6 months
|
6,006,138
|
6,006,138
|
n/a
|
0,1%/day of delay
|
Within 30 days from the invoice - with PO
|
|
7
|
ROM PAPER
|
Vehicle sublease
|
Vehicle Sublease contract no. 3934
|
November 29th, 2019
|
November 7th, 2022
|
2,260
|
14,100
|
n/a
|
n/a
|
Within 15 days from the invoice - with PO
|
The total value of the transactions during the period January 1st, 2022 – May 17th, 2022: 20,973,391 RON
Due and non-due mutual debts of VRANCART to ROM PAPER on May 17th, 2022: 47,782 RON
Due and non-due mutual debts of ROM PAPER to VRANCART on May 17th, 2022: 12,416,203 RON