Current Reports

48/2015 - Information on conclusion of an amendment to a material agreement

The Management Board of Trakcja PRKiI S.A. ("the Company”), in reference to Current Report No. 51/2011, hereby informs about mutual signing by Trakcja PRKiI S.A. in Warsaw ("the Contractor") and PKP Polskie Linie Kolejowe S.A. in Warsaw, of an Amendment ("the Amendment") to the material agreement for designing and execution of reconstruction of Łódź Widzew Station and part of the route Łódź Fabryczna – Łódź Widzew from 2,250 km to 7,200 km, together with railway traffic control and communication devices for the entire section Łódź Fabryczna – Łódź Widzew, and upgrade of the by-pass line Łódź Widzew – Łódź Chojny – Łódź Kaliska ("the Agreement"), entered into on 30 June 2011.

 

Detailed information on the Agreement, including information on its value, was provided by the Company in Current Reports No. 51/2011 of 01.07.2011 and No. 1/2015 of 05.01.2015.

 

The period for performing the work was defined in the Agreement as 42 months from the date of commencement of work, that is 31 December 2014. Pursuant to the amendment announced by the Company in Current Report No. 1/2015, the Parties modified the date of completion of the work and agreed that the work would be completed until 14 December 2015.

 

 Pursuant the Amendment, the Parties agreed that the Contractor would complete the work within the time limit of no more than until 30 August 2016.

 

Other provisions of the Agreement remain unaffected.

 

The criterion to deem the Agreement a material agreement is the fact that its value exceeds 10% of Company's equity.

 

Legal basis for the report: Section 5 paragraph 1 subparagraph 3 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and conditions for recognizing information required by laws of non-member states as equivalent.

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