Vrancart S A : Amendment - report according art.93 ind.3 Law 24/2017 - 29 June 2021
June 29, 2021 at 11:46 am EDT
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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: June 29th, 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:
Amendment - 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 supplementing the current report published on June 4th, 2021, regarding the transactions closed between VRANCART S.A. and its subsidiary VRANCART RECYCLING S.R.L., with details regarding the estimated value of the already reported contracts, like they are presented within Annex 1.
Chairman of the Board of Directors
Ionel-Marian CIUCIOI
Annex 1 - Amendment regarding the details of the transactions concluded between VRANCART S.A. and VRANCART RECYCLING S.R.L. 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
No.
Name
transaction
contract
Closing date
additional
01.09.2020-
transactions
(RON)
terms
number
act duration
02.06.2021
(estimated)
(RON)
(RON)
0
1
2
3
4
5
6
7
8
9
10
Monthly,
Vrancart
Real estate
Lease
August 20th,
0.1% / day of
within 15
1
contract -
10 years
6,547
87,600
n/a
days from
Recycling SRL
rental
2020
delay
no number
the invoice,
with PO
Within 15
Vrancart
Fixed assets
January
n/a
n/a
days from
2
No contract
n/a
8,739
8,739
the invoice,
Recycling SRL
sale
29th, 2021
with PO.
Paid.
Monthly,
Vrancart
Lease
January
n/a
n/a
within 15
3
Car lease
contract -
1 year
20,528
49,267
days from
Recycling SRL
29th, 2021
no number
the invoice,
with PO
Increase in
EGMS
April 27th,
Vrancart
approval
2021
4
share capital
n/a
15,600,000
15,600,000
n/a
n/a
n/a
Recycling SRL
BoD
June 3rd,
approval
2021
Monthly,
Vrancart
Real estate
Superficies
June 3rd,
0.1% / day of
within 30
5
contract
99 years
1,750 /month
2,079,000
n/a
days from
Recycling SRL
rights
2021
delay
no 938
the invoice,
with PO
The total amount of the transactions during the period September 1st , 2020 - June 3rd , 2021: RON 15,635,814
Due and non-due mutual debts of VRANCART S.A. to VRANCART RECYCLING S.R.L. on June 2nd, 2021: None
Due and non-due mutual debts of VRANCART RECYCLING S.R.L. to VRANCART S.A. on June 2nd, 2021: RON 8,943
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Vrancart SA published this content on 29 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2021 15:45:22 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.