18/2018 - Information on the conclusion of the agreement

The Management Board of Trakcja PRKiI S.A. ("Company", "Issuer") informs that the Company has today signed a contract with PKP PLK S.A. with its registered office in Warsaw, covering the execution of construction works envisaged within the project of the development of a "Reconstruction of track systems along with accompanying infrastructure on the E59 railway line, Poznań Główny - Rokietnica section" under the project „Works on the E59 railway line on the section Poznań Główny - Szczecin Dąbie” (hereinafter the "Agreement").

Net value of the contract is PLN 292,2 million. The agreement provides for an advance payment of 10% of the accepted contractual amount, which will be paid within 21 days from the date of submitting the application for advance payment.The works being the sucject of the Agreement shall be carried out within 23 months from the works commencement date (the next day following the signing of the Agreement by the last of the Parties). Other terms and conditions of the agreement are similar to those commonly used for this type of agreements.

The Issuer's Management Board has decided to publish this information, as the Issuer's share in the value of the Agreement constitutes an important share in the Issuer's portfolio of contracts to be completed on the railway market, and affects the maintenance of the Issuer's current and the improvement of future revenues and results.

Legal basis:

ART. 17 MAR