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VRANCART SA - VNC

Transactions related parties according art. 108 Law 24/2017 (R)

Release Date: 5/18/2022 6:51:53 PM

IRIS Code: 96C5D

                                                        

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

 



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