Alro S A : Current report in compliance with of no. 92 ind 3 of Law no. 24/2017 ( ALUM SA & Sierra Mineral Holdings 1 Limited)
January 25, 2021 at 09:06 am
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Mon, 01/25/2021 - 15:58
Please be informed by the present Current Report that ALUM S.A., subsidiary of ALRO S.A., carried out in the period September 1st 2020 - December 31st 2020, with the companySierra Mineral Holdings 1 Limited, subsidiary of ALRO S.A., the following transactions that cumulatively exceed 5% of the Company's net assets, as per ALRO S.A. standalone financial statements for the year 2019, in amount of RON 37,077,541, as follows:
§ Transactions of ALUM S.A., subsidiary of ALRO S.A., with the companySierra Mineral Holdings 1 Limited, subsidiary of ALRO S.A., carried out in the period September 1st 2020 -December 31st 2020 in total amount of RON 51,338,160.
Annex 1 - Reporting of transactions carried out in the period September 1st 2020 -December 31st 2020
Annex 2 - Reporting of contracts related to the transactions in Annex 1
Annex 3 - Reporting of mutual debts and receivables balances as of December 31st 2020
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Alro SA published this content on 25 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2021 14:05:08 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.