13/2013
13/2013
Concluding Annex to the Significant Agreement with PGNIG Termika S.A.
Content:
The Management Board of LW BOGDANKA S.A. with registered office in Bogdanka (“Company) hereby informs you that on 29 April 2013 it concluded an Annex to the Agreement on Sale/Purchase of Power Coal (hereinafter Agreement) with PGNIG Termika S.A. with registered office in Warsaw, 03-216 Warsaw, ul. Modlińska 15, referred to in Current Report No. 13/2012 of 23 April 2012.
Under the Annex, the date for determining the supply price for 2014 shall be postponed from 30 April 2013 to 31 May 2013, and the related condition precedent, which was subject of Current Report No. 13/2012, shall read as follows:
a) In the event that the supply price for 2014 is not established by 31 May 2013, the Agreement becomes automatically terminated as at 31 December 2013.
Other terms and conditions of the Agreement remain unchanged and do not differ from the market standards applied in such agreements.
The criterion for deeming the concluded Agreement to be significant is that it exceeds 10% of the value of the Company shareholders’ equity.
Legal basis for submitting the report: Article 5.1.3 of the Regulation of the Minister of Finance on the Stock Exchange
The Management Board of LW BOGDANKA S.A. with registered office in Bogdanka (“Company) hereby informs you that on 29 April 2013 it concluded an Annex to the Agreement on Sale/Purchase of Power Coal (hereinafter Agreement) with PGNIG Termika S.A. with registered office in Warsaw, 03-216 Warsaw, ul. Modlińska 15, referred to in Current Report No. 13/2012 of 23 April 2012.
Under the Annex, the date for determining the supply price for 2014 shall be postponed from 30 April 2013 to 31 May 2013, and the related condition precedent, which was subject of Current Report No. 13/2012, shall read as follows:
a) In the event that the supply price for 2014 is not established by 31 May 2013, the Agreement becomes automatically terminated as at 31 December 2013.
Other terms and conditions of the Agreement remain unchanged and do not differ from the market standards applied in such agreements.
The criterion for deeming the concluded Agreement to be significant is that it exceeds 10% of the value of the Company shareholders’ equity.
Legal basis for submitting the report: Article 5.1.3 of the Regulation of the Minister of Finance on the Stock Exchange