2/2015
2/2015
Conclusion of an Annex to the Annual Agreement with ENEA Wytwarzanie Sp. z o.o.
Current report No. 2/2015
Date of preparation: 25 March 2015
Subject: Conclusion of an Annex to the Annual Agreement with ENEA Wytwarzanie Sp. z o.o.
General legal basis: Article 56.1.2 of the Act on Public Offering - current and periodic information
Content:
The Management Board of Lubelski Węgiel BOGDANKA S.A. (the Company) hereby announces that on 25 March 2015 an Annex to the Annual Agreement for the Supply of Power Coal in 2015 (the Annual Agreement), attached as Schedule 6 to the Long-Term Agreement concluded between the Company and ENEA Wytwarzanie Sp. z o. o. with registered office in Świerże Górne, 26-900 Kozienice.
The Long-Term Agreement was referred to in Current Reports Nos. 5/2010 of 5 March 2010, 44/2010 of 20 December 2010, 31/2011 of 27 December 2011, 3/2013 of 15 January 2013, 9/2013 of 29 March 2013 and 3/2014 of 15 January 2014.
The Annex specifies terms of coal supply for 2015 covered by the Annual Agreement which is valid from 1 January 2015 to 31 December 2015 and concerns basic coal supplies in 2015 for the ENEA Wytwarzanie Sp. z o.o. in Kozienice, in compliance with the Long-Term Agreement.
As a result of signing the Annex, the value of the Annual Agreement for 2015 binding the parties from 1 January 2015 to 31 December 2015, concerns the terms and conditions of coal supplies in 2015 for ENEA Wytwarzanie Sp. z o.o. in Kozienice, currently amounts to PLN 766 million (i.e. by 0.9 % less than the value given in Current Report No. 3/2014).
As a result of concluding the Annex, the net value of the entire Long-Term Agreement, concluded for 2011-2025, currently amounts to PLN 10,603 million (i.e. by 0.69 % less than the value given in Current Report No. 3/2014).
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 Agreement material is that it exceeds 10% of the value of the Company equity.
Legal basis for submitting the report: Article 5.1.3 of the Regulation of the Minister of Finance on the Stock Exchange
Date of preparation: 25 March 2015
Subject: Conclusion of an Annex to the Annual Agreement with ENEA Wytwarzanie Sp. z o.o.
General legal basis: Article 56.1.2 of the Act on Public Offering - current and periodic information
Content:
The Management Board of Lubelski Węgiel BOGDANKA S.A. (the Company) hereby announces that on 25 March 2015 an Annex to the Annual Agreement for the Supply of Power Coal in 2015 (the Annual Agreement), attached as Schedule 6 to the Long-Term Agreement concluded between the Company and ENEA Wytwarzanie Sp. z o. o. with registered office in Świerże Górne, 26-900 Kozienice.
The Long-Term Agreement was referred to in Current Reports Nos. 5/2010 of 5 March 2010, 44/2010 of 20 December 2010, 31/2011 of 27 December 2011, 3/2013 of 15 January 2013, 9/2013 of 29 March 2013 and 3/2014 of 15 January 2014.
The Annex specifies terms of coal supply for 2015 covered by the Annual Agreement which is valid from 1 January 2015 to 31 December 2015 and concerns basic coal supplies in 2015 for the ENEA Wytwarzanie Sp. z o.o. in Kozienice, in compliance with the Long-Term Agreement.
As a result of signing the Annex, the value of the Annual Agreement for 2015 binding the parties from 1 January 2015 to 31 December 2015, concerns the terms and conditions of coal supplies in 2015 for ENEA Wytwarzanie Sp. z o.o. in Kozienice, currently amounts to PLN 766 million (i.e. by 0.9 % less than the value given in Current Report No. 3/2014).
As a result of concluding the Annex, the net value of the entire Long-Term Agreement, concluded for 2011-2025, currently amounts to PLN 10,603 million (i.e. by 0.69 % less than the value given in Current Report No. 3/2014).
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 Agreement material is that it exceeds 10% of the value of the Company equity.
Legal basis for submitting the report: Article 5.1.3 of the Regulation of the Minister of Finance on the Stock Exchange