Concluding a significant agreement
25-08-2014 14:06
Legal basis: Art. 56 Clause 1 Item 2 of the Offering Act - current and periodic information.
SUBJECT: Concluding a significant agreement.
CONTENT OF THE REPORT:
The Management of Izostal S.A. informs that on August 25th, 2014 Izostal S.A. concluded subsequent transactions with ZRUG Zabrze S.A. belonging to Stalprofil S.A. Capital Group with its registered office in Zabrze. As a result of the transaction, total value of contracts concluded by Izostal S.A. with Stalprofil S.A. and its subsidiaries calculated since December 2nd, 2013 (current report no 33/2013) has exceeded 10% of Izostal S.A.'s equity and amounted to PLN 18,055 thousand (net).
Within the period stated above, the agreement of the highest value was the transaction of sale of bends by Izostal S.A. (Seller) to ZRUG Zabrze S.A. (Buyer) concluded on August 25th, 2014 of the total amount of PLN 1,469 thousand (net).
The subject of the agreement shall be delivered by the Seller until November 28th, 2014.
The concluded agreement did not provide for any contractual penalties, its terms did not vary from the commonly applied for this kind of agreements.
Transactions concluded within the period stated with Stalprofil S.A. and its affiliates are deemed as significant agreements, as their total value exceeds 10% of the Company’s equity.
Specific legal basis: §5 clause 1 item 3 of the Ordinance of the Minister of Finance of February 19, 2009 on current and periodic information disclosed by the issuers of commercial papers and the conditions for recognizing as equivalent the information required by the laws of a non-member state (Journal of Laws No. 33, item 259 as amended).
SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, Marek Mazurek 2014-08-25
Management Board Vice President, Michał Pietrek 2014-08-25
INFORMATION ON THE ENTITY:
Full name of the issuer: IZOSTAL SPÓŁKA AKCYJNA
Abbreviated name of the issuer: IZOSTAL S.A
Sector based on the classification of Warsaw Stock Exchange: Other industry
Address: 47-120 Zawadzkie Polna 3
Telephone: (77) 405 65 00
Fax: (77) 405 65 01
e-mail:info@izostal.com.pl
www.izostal.com.pl
VAT No. [NIP]:756-00-10-641
Statistical No. [REGON]: 530884678
print