Vrancart S A : Current Report - Transactions related parties art.108 Law 24/2017 - 13 Oct 2021
October 13, 2021 at 12:32 pm EDT
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To:
Romanian Financial Supervisory Authority (FSA)
Bucharest Stock Exchange (BSE)
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, SFA Regulation no. 5/2018 and the BSE Code
Report date: October 13th , 2021
Company name: VRANCART
Headquarters: Adjud, 17th Ecaterina Teodoroiu Street, Vrancea County, Romania
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 (BSE)
Significant events to be reported:
Transactions with related parties according to Art. 108 of Law no. 24/2017 concluded between VRANCART (VNC) and its subsidiary ROM PAPER.
VRANCART informs its shareholders and investors about the conclusion, on October 12th, 2021, of a transaction between VRANCART and its subsidiary ROM PAPER, whose value, cumulated with the rest of the transactions concluded/performed between January 1st 2021 - October 12th 2021, exceeds the threshold of 5% of the net assets of VRANCART, according to the individual financial statements for 2020.
Details regarding the transaction concluded on October 12th, 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 and ROM PAPER between January 1st, 2021 - October 12th, 2021, of the type listed in Art. 108 of Law 24/2017
Company
Amount of
Total
transactions
amount of
Guarantees
Penalties
Payment terms
Scope of
Type and
Contract /
January 1st,
transactions
(RON)
N0.
contract
Closing date
2021 -
(estimated)
Name
transaction
Addendum
number
October
(RON)
12th, 2021
(RON)
0
1
2
3
4
5
6
7
8
9
10
Sale -
Sale -
0,06
Within 30 days from
purchase
September
Unlimited
1
ROM PAPER
purchase of
120,074
150,000
n/a
%/day of
the invoice - with
contract no.
1st, 2016
period
waste
delay
PO/clearing
471
Sale -
Sale -
1 year (with
Within 90 days from
purchase
January 3rd,
automatic 1-
2
ROM PAPER
purchase of
10,245,002
13,000,000
n/a
n/a
the invoice - with
contract no.
2019
year
products
PO/clearing
30732
extensions)
Sublease
Quarterly, within 30
Real estate
February
0,1 %/day
days from the
3
ROM PAPER
contract no.
56 months
947,399
1,263,200
n/a
sublease
13th, 2020
of delay
invoice - with
3935
PO/clearing
Equipments
Rental
May 29th,
October 31st,
396,000
528,000
n/a
0,1 %/day
Within 90 days from
4
ROM PAPER
contract no.
rental
2020
2024
of delay
the invoice - with
11300
PO/clearing
Maintenance
1 year (with
Within 90 days from
Maintenance
April 23rd,
automatic 1-
0,1%/day
5
ROM PAPER
contract no.
65,486
80,000
n/a
the invoice - with
services
2020
year
of delay
8940
PO/clearing
extensions)
The total value of the transactions during the period January 1st, 2021 - October 12th, 2021: 11,773,961 RON
Due and non-due mutual debts of VRANCART to ROM PAPER on October 12th, 2021: 21,020 RON
Due and non-due mutual debts of ROM PAPER to VRANCART on October 12th, 2021: 13,475,343 RON
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Vrancart SA published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 16:31:11 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.