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ALRO S.A. - ALR

OGSM resolutions February, 2nd, 2018

Release Date: 2/2/2018 4:39:20 PM

IRIS Code: F3D7B

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     Nr. 8/02.02.2018 

To: Financial Supervisory Authority

Bucharest Stock Exchange

 

Current report prepared in compliance with CNVM Regulation no. 1/2006 article 113 pct. A, par.c, with subsequent amendments and additions, and with the stipulation of Law no. 24/2017 article no. 122 pertaining to Issuers of Financial Instruments and Market Operations. 

Date of report: February, 2nd, 2018

Name of issuer: Alro S.A.

Headquarters: Slatina, 116 Pitesti Street, Olt County

Telephone/ fax number: +40 249 431 901 / +40 249 437 500

Sole registration number at the Trade Register Office: RO 1515374

Trade Register Number: J28/8/1991

The European Unique Identifier (EUID): ROONRCJ28/8/1991

Legal Entity Identifier (LEI): 5493008G6WSORM2JG98

Subscribed and paid-in share capital: 356,889,567.5 RON

Regulated market on which the issued shares are traded: Bucharest Stock Exchange-Standard Category (market symbol: ALR)

 

I. As of the date of February 02, 2018, the Alro S.A. Ordinary General Meeting of Shareholders took place.

It was attended by the following shareholders:

·         Vimetco NV, holding shares representing 84.1898 % from the share capital, represented by Elena Iacob;

·         Fondul Proprietatea SA Bucharest, holding shares representing 10.2111 % from the share capital, has voted by correspondence;

·         Hanwha Eastern Europe Equity Fund-Master Fund-Korea, holding shares representing 0.0652 % from the share capital, has voted by correspondence;

·         KB EURO Convergence Fund-Korea, holding shares representing 0.0302 % from the share capital, has voted by correspondence;

·         Lupu Sever, holding shares representing 0.0143 % from the share capital;

·         Badescu Mugurel, holding shares representing 0.0090 % from the share capital, represented by Capcanaru Anton Laurentiu;

·         Ionescu Emil Dragos, holding shares representing 0.0057 % from the share capital;

·         Popa George Daniel, holding shares representing 0.0056 % from the share capital;

·         Chis Vasile Marius, holding shares representing less than 0.0039 % from the share capital; 

·         Stoian Constantin, holding shares representing less than 0.0001 % from the share capital; 

·         Popescu Constantin, holding shares representing less than 0.0001 % from the share capital; 

The shareholders attending the Ordinary General Meeting hold shares amounting to 94.5348 % from the share capital.

The following decisions have been made: 

  1. With a number of 674,769,620 votes in favor amounting 100 % from the share capital represented in the meeting, the Income and Expenses Budget for year 2018 is approved, having the following main financial indicators:

- Sales revenues:         662,952 thousands USD

- Cost of revenues:     554,674 thousands USD

- EBIT:                         71,623 thousands USD

- Net Profit:                  42,870 thousands USD 

  1. With a number of 674,769,620 votes in favor amounting 100 % from the share capital represented in the meeting, the Investment Plan for year 2018 is approved, forecasting the achievement of investments in a total amount of 60,999,000 USD. 

3.   With a number of 674,769,620 votes in favor amounting 100 % from the share capital represented in the meeting, it is hereby approved the empower of Mr. Ion Constantinescu to comply with all the formalities for the registration of the Ordinary General Meeting of Shareholders resolutions. 

4.      With a number of 674,769,620 votes in favor amounting 100 % from the share capital represented in the meeting, it is hereby approved the date of February 23, 2018 as registration date, for the opposability of all the decisions made by the Ordinary General Meeting of the Shareholder, in accordance with the provisions of art. 86 in Law no. 24/2017 regarding the issuers of the financial instruments and market operations. 

5.      With a number of 674,769,620 votes in favor amounting 100 % from the share capital represented in the meeting, it is hereby approved the date of February 22, 2018, as ex date, in accordance with the provisions of art. 1292 of Regulation no. 1/2006 on issuers and operations with securities issued by NSC (actually Financial Supervisory Authority). 

 

                  President of the Board of Director                                     General Manager

                           Marian Daniel Nastase                                               Gheorghe Dobra

 



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