Vrancart S A : Current report - Transactions related parties art.92 ind.3 Law 24/2017
July 22, 2021 at 11:48 am
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To:
Romanian Financial Supervisory Authority (ASF)
Bucharest Stock Exchange (BVB)
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code
Report date: July 22nd, 2021
Company name: VRANCART S.A.
Headquarters: Adjud, 17th Ecaterina Teodoroiu, Vrancea County
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: 103.168.354,70 RON
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB)
Significant events to be reported:
Transactions with related parties according to Art. 923 para (12) of Law No. 24/2017 concluded between VRANCART S.A. (VNC) and its subsidiary VRANCART RECYCLING S.R.L.
VRANCART S.A. informs its shareholders and investors about the conclusion, on July 22nd, 2021, of a transaction between VRANCART S.A. and its subsidiary VRANCART RECYCLING S.R.L., whose value, cumulated with the rest of the transactions concluded/performed between September 1st , 2020 - July 21st , 2021, exceeds the threshold of 5% of the net assets of VRANCART S.A., according to the individual financial statements for 2020.
Details regarding the transaction concluded on July 22nd, 2021, which led to exceeding the aforementioned threshold, containing information on the closing date, nature of the transaction, description of its object, transaction value, expiration date, receivables and mutual debts, guarantees, penalties stipulated, the terms and methods of payment are presented in Annex 1.
Chairman of the Board of Directors
Ionel-Marian CIUCIOI
Annex 1 - Details of the transactions concluded between VRANCART S.A. and VRANCART RECYCLING S.R.L. between September 1st, 2020 - July 22nd, 2021, of the type listed in art. 923 of Law no. 24/2017
Company
Amount of
Total
Scope of
Type and
Contract /
transactions
amount of
Guarantees
Penalties
Payment terms
No.
Name
transaction
contract
Closing date
additional
01.09.2020-
transactions
(RON)
number
act duration
22.07.2021
(estimated)
(RON)
(RON)
0
1
2
3
4
5
6
7
8
9
10
Lease
Monthly, within
Vrancart
Real estate
August 20th,
0.1% / day
15 days from
1
contract -
10 years
7,280
87,600
n/a
Recycling SRL
rental
2020
of delay
the invoice,
no number
with PO
Within 15 days
2
Vrancart
Fixed assets
No contract
January
n/a
8,739
8,739
n/a
n/a
from the
Recycling SRL
sale
29th, 2021
invoice, with
PO. Paid.
Lease
Monthly, within
Vrancart
January
n/a
n/a
15 days from
3
Car lease
contract -
1 year
28,739
49,267
Recycling SRL
29th, 2021
the invoice,
no number
with PO
EGMS
April 27th,
4
Vrancart
Increase in
approval
2021
n/a
15,600,000
15,600,000
n/a
n/a
n/a
Recycling SRL
share capital
BoD
June 3rd,
approval
2021
Superficies
Monthly, within
Vrancart
Real estate
June 3rd,
0.1% / day
30 days from
5
contract
99 years
1,750 /month
2,079,000
n/a
Recycling SRL
rights
2021
of delay
the invoice,
no 938
with PO
Interest rate
Vrancart
Loan (Lender -
Loan
July 22nd,
Dec 31st,
Robor 1m +
6
Vrancart
Agreement
12,500,000
12,619,800
n/a
n/a
0.8%
Recycling SRL
2021
2021
Recycling)
no 105
To be paid end
of the period
The total value of the transactions during the period September 1st, 2020 - July 22nd, 2021: RON 28,144,758
Due and non-due mutual debts of VRANCART S.A. to VRANCART RECYCLING S.R.L. on July 22nd, 2021: None
Due and non-due mutual debts of VRANCART RECYCLING S.R.L. to VRANCART S.A. on July 22nd, 2021: None
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Vrancart SA published this content on 22 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2021 15:47:11 UTC.
Vrancart SA is a Romania-based company primarily engaged in the manufacture of cardboard and paper. The Companyâs product portfolio includes corrugated cardboard, cardboard boxes, paper for corrugated cardboard, toilet paper, strips for paper tubes and paper tubes. The Company offers corrugated cardboard with two, three and five layers; corrugated cardboard packaging boxes of various formats, stamped and printed, and toilet paper in various types. In the year 2011, it had a total production capacity of 138.51 million square meters per year of corrugated cardboard; 70,000 tons per year of paper for corrugated cardboard, and 22,000 tons per year of toilet paper. The Company distributes its products nationally and internationally. As of December 31, 2011, SIF Banat-Crisana SA held a 74.72% stake in Vrancart SA. It operates through Giant Prodimpex SRL, among others.