47/2009 - Information on the conclusion of significant contracts
The Management Board of Trakcja Polska S.A. (the “Company”) hereby announces that the Company concluded the following on 10 November 2009 with Zakłady Usług Energetycznych i Komunikacyjnych Grupa ZUE S.A., with its registered office in Krakow (the “Contractor”):
1. Supply Agreement No. 01-02-03-00007/3 of a net value of PLN 15,398,192.43
2. Subcontract Agreement No. 01-02-03-00007/1 of a net value of PLN 21,257,339.02
3. Cooperation Agreement No. 01-02-03-00007/2 (“Contract”) of a net value of PLN 21,425,100.18
The total value of the Agreement, Subcontract Agreement No. 01-02-03-00007/1 and Supply Agreement No. 01?02-03-00007/3 is PLN 58,080,631.63 net.
Subject of the Agreement:
According to the Agreement, the Company shall provide the specialist professional services specified in the Agreement to the Contractor.
Payment terms:
The fee shall be paid against invoices issued by the Company, to its bank account specified in the invoices.
Payments shall be made to the bank account specified by the Company in the invoice within 35 business days of the date on which the contractor presents a correctly issued invoice.
The invoice payment date shall be the date on which the Supplier’s account is credited.
Liquidated damages:
None
The value of the above contracts is greater than 10% of Trakcja Polska S.A.’s equity and therefore constitutes a significant contract, as defined by § 2(1)(44) of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information submitted by issuers of securities and conditions for acknowledging the information required by the provisions of the law of a non-member state as being equivalent (Journal of Laws No. 23, item 259).
Legal grounds:Article 56(1) of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of 29 July 2005 (Journal of Laws No. 184, item 1539, as amended).
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