Current Reports

2/2016 - Information on conclusion of a material agreement

The Management Board of Trakcja PRKiI S.A. ("the Company”, "the Issuer") hereby announces that the Company concluded today with Powszechny Zakład Ubezpieczeń S.A. based in Warsaw an amendment to the Agreement on regular granting insurance guarantees, amending the wording thereof ("the Agreement"). Pursuant to the Agreement, a renewable maximum exposure limit of PLN 150,000,000 (one hundred and fifty million zloty) was established for the period from 21 January 2016 to 20 January 2017.

The Agreement is secured with 3 blank promissory notes issued by the Issuer, along with a promissory note declaration.

 

Other terms of the Agreement do not differ from contractual terms that are usually used for this type of agreement.

 

The criterion for deeming the Agreement a material agreement was the fact that the value of the Agreement exceeded 10% of Company's equity capital.

 

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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