Alum Sa · BVB:BBGA
Alum Sa — Shareholder Meeting (December 2016)
7 slides from Alum Sa's shareholder meeting presentation, Dec 19, 2016
Slide 1: Proposal for approval of calcined alumina sale-purchase agreements with Alro S.A.
Board of Directors Proposal for approval to conclude some sale-purchase agreements of calcined alumina with Alro S.A. Extraordinary General Shareholders Meeting from December 19, 2016 19/12/2016 1
Slide 2: General presentation
General presentation Alum S.A. (“Company”) intends to negotiate and conclude with Alro S.A one or more sale-purchase agreements of calcined alumina, thereby contributing to the supply of alumina calcined in the next years at a competitive price. Calcined alumina is a chemical compound, obtained by r
Slide 3: General presentation
General presentation • Complexity of the logistical arrangements; • Logistic total costs; • Commercial flexibility of the contractual partner considering also the external fluctuations of the aluminum and alumina market; • Eventual possibilities of operational coordination between supplier and buyer
Slide 4: General Mandate (I)
General Mandate (I) The Board of Directors of Alum S.A. proposes to the company’s shareholders the conclusion of some agreements for alumina calcined with Alro S.A. (the transaction following to be divided in one or more agreements, in order to satisfy the financing needs of both companies), in the
Slide 5: General Mandate (II)
General Mandate (II) Additional conditions: the usual conditions for such type of agreements, such as: Price established depending on the market level and observing the fiscal legislation in force Quality conditions, way of solving quality complaints; Invoincing and payment; Delivery conditi
Slide 6: General Mandate (III)
General Mandate (III) According to the Company’s Article of Incorporation, the approval of the agreements with a value more than 50% of the Company’s assets is the competence of the General Meeting of the Company’s Shareholders. Taking into consideration the yearly estimated value at this moment, th
Slide 7: Proposed Decision
Proposed Decision The Board of Directors of Alum SA proposes to the Company’s shareholders to approve the conclusion of the above mentioned agreements and to empower the Board of Directors of the Company to negotiate, approve the final forms and to conclude the alumina agreements within the above me