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Concluding a significant agreement with ArcelorMittal Flat Carbon Europe S.A. Branch in Poland.

23-07-2015 12:52

Report no.: 17/2015

Legal basis: Art. 56 Clause 1 Item 2 of the Offering Act - current and periodic information.
 
SUBJECT: Concluding a significant agreement with ArcelorMittal Flat Carbon Europe S.A. Branch in Poland.
 
CONTENT OF THE REPORT:
The Management of Izostal S.A. informs that on July 23, 2015 Izostal S.A. concluded subsequent transactions with ArcelorMittal Flat Carbon Europe S.A. Branch in Poland with its registered office in Dąbrowa Górnicza. As a result of the transaction, total value of contracts concluded by Izostal S.A. with ArcelorMittal capital group since July 30, 2014 (current report no 21/2014) has exceeded 10% of the Company’s equity and amounted to PLN 29,748 thousand (net).
 
Within the stated period, the agreement of the highest value was the transaction of purchase by Izostal S.A. (Buyer) of hot-roller strips in circles from ArcelorMittal Flat Carbon Europe S.A. Branch in Poland (Seller) concluded on July 23, 2015 of the total value of EUR 4.950 thousand which after conversion by applying an average exchange rate of the National Bank of Poland as at the date of signing of the contract amounts to PLN 20,381 thousand (net).
 
The subject of the agreement was delivered by the Seller until September 30, 2015.
 
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  with ArcelorMittal Flat Carbon Europe S.A. Branch in Poland 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 Vice President, Michał Pietrek 2015-07-23
Proxy, Marek Matheja 2015-07-23
 
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: 47-113 Kolonowskie Opolska 29
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
 

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