Report no.: 25/2014

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

 

SUBJECT: Conclusion of a significant agreement with Ferrum S.A.

 

CONTENT OF THE REPORT:

The Management Board of Izostal S.A. informs that on October 20th, 2014 Izostal S.A. (the Supplier) concluded a contract for the sale of hot-rolled strips in coils with the company Ferrum S.A. (the Contracting Authority) with its registered office in Katowice. As a result of the concluded transaction the total value of sale/purchase contract entered into by the Company with the company Ferrum S.A. from May 28th, 2014 (current report no. 16/2014) has exceeded 10% of the Company’s equity capital and amounted to PLN 16,524 thousand (net).

 

Within the covered period the highest value contract was the above-mentioned transaction of selling by Izostal S.A. to the company Ferrum S.A. of hot-rolled strips in coils concluded on October 20th, 2014, with a total value of EUR 2,186 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 9,230 thousand (net).

 

The order completion date specified in the contract was designated until November 7th, 2014.

 

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

 

The transactions concluded with the company Ferrum S.A. 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  2014-10-20

Management Board Vice President, Michał Pietrek 2014-10-20

 

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