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ALRO S.A. - ALR

The status of civil action ALRO-Competion Council in the case file 954/2/2016

Release Date: 2/8/2018 5:49:41 PM

IRIS Code: 86C86

Nr. 9/08.02.2018

To:   The Financial Regulating Authority

         Bucharest Stock Exchange 

 

       Date of report: February 08, 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): 5493008G6W6SORM2JG98

       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) 

Ref: Current report as per art.113 item A letter j) of the National Securities Commission’s Regulation no.1/2006 on the issuers of and operations with securities, as subsequently amended and completed, as well as per the provisions of art.99 of the Bucharest Stock Exchange, Tier II, Issuers and Financial Instruments 

Significant event to be reported: Information on the status of the civil action lodged by ALRO S.A. against the Competition Council concerning the former’s claim for the cancellation of the Sanction decision no. 82/2015 issued by the Competition Council 

In the case file 954/2/2016 pending before the Bucharest Court of Appeal, whose object-matter is both the claim for the cancellation of an administrative document – i.e. the sanction report, as well as the claim for the cancellation of the sanction decision no.82/2015 issued by the Competition Council, following the attachment of the case file 3536/2/2016, on the hearing date of February 07, 2018, the court deferred the case so that the parties be provided the necessary time to consult the expert’s report submitted to the case file. 

The next hearing date has been set for March 21, 2018. 

We would like to remind that, through its previous reports, the Company informed the investors about the receipt of Decision no. 82 of December 24th, 2015 by which the Competition Council sanctioned our Company by the amount of lei 21,238,718.99, representing 1.05% of the turnover realized in 2014, for an alleged infringement of the competition legislation on the energy production and trading market; moreover, the Company informed on the fact that such Company would analyse and decide on the legal measures that were at the time to be undertaken in order to exercise its right to challenge the sanction decision before the competent courts of law. 

Within the legal timeframes, the Company ALRO S.A. lodged three claims before the Bucharest Court of Appeal, namely the claim to cancel the Sanction Decision no.82/24.12.2015 issued by the Competition Council, which is the subject-matter of case file no.3536/2/2016, a claim  for the for the suspension of the enforcement proceedings of the aforementioned Council Decision, which is the subject-matter of case file no.3538/2/2016 and the third claim targeting the dismissal of the Sanction Minute as an administrative document, which is the subject-matter of case file no.954/2/2016. The Company paid the fine issued by the Competition Council, within the legal deadline.

As concerns the status of the above case files, Alro S.A. will inform the general public and the investors in due course. 

 

Chairman of the Board of Directors                                 Managing Director

          Marian Daniel Nastase                                              Gheorghe Dobra

 

 



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