Report no.: 26/2014

Legal basis: Art. 56 Clause 1 Item 2 of the Offering Act - current and periodic information.

SUBJECT: Conclusion of a significant agreement.

 

CONTENT OF THE REPORT:

The Management Board of Izostal S.A. (Company) informs that on October 24th, 2014 the Company concluded subsequent contract with the company Stalprofil S.A. with its registered office in Dąbrowa Górnicza, as a result of which the total value of contracts concluded by Izostal S.A. with the company Stalprofil S.A., as well as with the subsidiaries of Stalprofil S.A. calculated from August 25th, 2014 (current report no. 22/2014) has exceeded 10% of the equity capital of Izostal S.A. and amounted to PLN 16,121 thousand (net).

 

Within the covered period the highest value contract was the transaction concluded on August 29th, 2014 of purchasing by Izostal S.A. (the Contracting Authority) from Stalprofil S.A. (the Seller) of hot-rolled strips in coils, with a total value of EUR 2,162 thousand (net), 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 9,109 thousand (net).

 

The subject-matter of the contract will be delivered by the Seller until October 31st, 2014.

 

The concluded contract does not provide for any contractual penalties, and the terms and conditions of the transaction do not differ from the terms and conditions commonly used for such contracts.

 

The transactions concluded with the company Stalprofil S.A. and its subsidiaries in the above-mentioned period meet the criteria of a significant agreement due to the fact that their total value exceeds 10% of the value of the Company’s equity capital.

 

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  2014-10-24

Management Board Vice President, Michał Pietrek 2014-10-24

 

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