Alro S A : Current report in compliance with of article no. 108 of Law no. 24/2017, republished (ALUM S.A. & CONEF GAZ S.R.L.)
January 15, 2022 at 03:55 am IST
Share
Significant event to be reported: Reporting of transactions with related parties according to art. 108paragraph 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 CONEFGAZS.R.L., related party of ALRO Group, on the date of 14 January 2022, one new transaction based on a purchase contract, whose cumulated value with the other transactions concluded/ carried out within the last 12 months, cumulatively exceed 5% of the Company's net assets as per ALRO S.A. Standalone Financial Statements related to the first 6 months of 2021, amounting to RON50,219,273.
Details regarding the transaction concluded on 14th January 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, containing information on the transactions date of conclusion, nature, description of its object, mutual receivables and debts are presented in Annex 1 hereto.
Chairman of the Board of Directors Chief Executive Officer
Marian Daniel Nastase Gheorghe Dobra
Attachments
Original Link
Original Document
Permalink
Disclaimer
Alro SA published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 22:24:19 UTC.
Alro SA is a Romania-based company engaged in the manufacture of aluminum. The Companyâs portfolio includes primary aluminum products, such as wire rod, billets, slabs, foundry alloys and ingots, as well as processed aluminum products, such as aluminum plates from soft, medium and hard alloys, including non heat-treated plates and heat-treated plates, sheets, coils, tread plates, embossed sheets and coils, corrugated and heat treated sheets and extrusions. Through its subsidiaries, the Company is also involved in the production of alumina and in the bauxite mining. The Company operates four main production units, including anode facility, electrolytic facility, cast house and processing plant, as well as ancillary and service units, such as electric current transformation and rectification unit, the metallurgical repairs unit, and the pot and furnace repair unit, among others. As of June 30, 2011, the Companyâs subsidiaries included Alum SA, Conef SA and Vimetco Extrusion Srl.