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Conclusion by a consortium composed of: Izostal SA (Consortium Leader) and Stalprofil S.A. a partial agreement for the supply of coated steel pipes DN 1000 for O.G.P. Gaz-System S.A.

30-07-2018 12:35

Report no.: 21/2018

Legal basis: Art. 17 Clause 1 MAR - confidential information.
 
CONTENT OF THE REPORT:
In connection to the current report no. 20/2018 of July 6, 2018 the Management Board of Izostal S.A. (the Company, the Contractor) informs that on July 30, 2018 Izostal S.A., as the consortium leader (composed of: Izostal S.A. and Stalprofil S.A.), was informed about the partial contract’s with Gas Transmission Operator Gaz-System S.A. seated in Warsaw (the Orderer) being signed by the other party. The partial contract will be executed within the scope of a framework agreement of which the Company informed in its current report no. 15/2015 of April 17, 2015.

The subject of the partial agreement is the production, sale and supply of coated externally and internally painted steel pipes for the investment task performed by O.G.P. Gaz-System S.A. - DN 1000 Pogórska Wola – Tworzeń - order no. 2 Gas Pipeline with length of ca. 65 km.

Total net value of the partial contract is PLN 116.141 thousand net, which is PLN 142.854 thousand gross.

The partial contract will be realized from January 1, 2019 to July 30, 2019.

Detailed terms and conditions of the execution of the partial contract mentioned above, including the description of contractual penalties are specified in the framework contract, of which the Company informed in the current report no. 15/2015 of April 17, 2015.

The Management Board considers an agreement described as significant because of its high value. Implementation of the abovementioned agreement will affect the revenue growth of the Company.

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, Marek Mazurek 2018-07-30
Proxy, Marek Matheja 2018-07-30
 
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: +48 77 405 65 00
Fax: +48 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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