Alro : Current Report in compliance with Art.113 item A par. j) of the National Securities Commission’s Regulation No.1/2006 on issuers and securities operations, as subsequently amended, as well as in compliance with the provisions of Art. 99 of the Code of the
February 01, 2018 at 10:40 am EST
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Thu, 02/01/2018 - 18:21
Significant event to be reported:
Information on the civil action filed by S.P.E.E.H. Hidroelectrica S.A. against Alro S.A. concerning material claims of the electric power producer, representing alleged unachieved proceeds under the bilateral contract concluded with Alro.
The Company Alro S.A hereby informs the shareholders and investors that, in the litigation of S.P.E.E.H. Hidroelectrica S.A. against Alro S.A., which is subject to the case file no. 13264/3/2015, pending before the Bucharest Court of Appeal, following the appeal promoted by S.P.E.E.H. Hidroelectrica S.A., at the trial date of September 26, 2017, the court was yet to rule; after deliberating, the court dismissed the appeal as ungrounded.
According to the information taken from the Courts of Law - Bucharest Court of Appeal portal, the ruling of the aforementioned court was contested by S.P.E.E.H. Hidroelectrica S.A that lodged a second appeal, and on January 31st, 2018 Alro Sa received from the High Court of Cassation and Justice of Romania the second appeal lodged by S.P.E.E.H. Hidroelectrica S.A.
Since this case is currently subject to the filtering procedure, the High Court of Cassation and Justice of Romania is to set the first court hearing date for the ruling in the second appeal lodged by S.P.E.E.H. Hidroelectrica S.A.
As concerns the status on the a/m case file, the company ALRO S.A. will inform the public and the investors in due course.
Chairman of the Board of Directors Managing Director
Marian Daniel Nastase Gheorghe Dobra
Alro SA published this content on 01 February 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 February 2018 15:39:03 UTC.
Original documenthttp://www.alro.ro/en/article/current-report-compliance-art113-item-par-j-national-securities-commission’s-regulation-n-11
Public permalinkhttp://www.publicnow.com/view/AC5B7A2863363711BC6145CC442E1226FCE77E3F
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.
Alro : Current Report in compliance with Art.113 item A par. j) of the National Securities Commission’s Regulation No.1/2006 on issuers and securities operations, as subsequently amended, as well as in compliance with the provisions of Art. 99 of the Code of the