30/2016
30/2016
Conclusion of a Memorandum of Understanding to Significant Agreement with EDF Paliwa Sp. z o.o.
Current Report No. 30/2016
Date of preparation: 8 August 2016
Subject: Conclusion of a Memorandum of Understanding to Significant Agreement with EDF Paliwa Sp. z o.o.
General legal basis: Article 17.1 of the MAR Regulation - Inside Information
Content:
The Management Board of LW Bogdanka S.A. with registered office in Bogdanka (“Company”, “LWB”) hereby informs you that on 8 August 2016 it signed a Memorandum of Understanding to the Long-Term Agreement for the Sale of Thermal Coal (“Agreement”) of 19 July 2011 concluded with EDF Paliwa Sp. z o.o. (former “Energokrak” Sp. z o.o.”) with registered office at the address: 31-587 Kraków, ul. Ciepłownicza 1 (“Buyer”).
The Agreement was referred to in the following Current Reports: No. 21/2011 of 19 July 2011, No. 42/2012 of 1 August 2012, No. 37/2013 of 31 October 2013, No. 4/2014 of 31 March 2014 and No. 52/2015 of 22 December 2015.
The Long-Term Agreement concerns supplies of thermal coal to EDF Paliwa Sp. z o.o.
By virtue of signing the Memorandum of Understanding, the Parties have agreed to extend the term of the Agreement until 31 December 2017, and have determined the volume of coal supplies for 2016-2017 and prices of coal supplies for 2017.
In light of the above, the value of the entire Agreement currently amounts to PLN 453 million net.
Date of preparation: 8 August 2016
Subject: Conclusion of a Memorandum of Understanding to Significant Agreement with EDF Paliwa Sp. z o.o.
General legal basis: Article 17.1 of the MAR Regulation - Inside Information
Content:
The Management Board of LW Bogdanka S.A. with registered office in Bogdanka (“Company”, “LWB”) hereby informs you that on 8 August 2016 it signed a Memorandum of Understanding to the Long-Term Agreement for the Sale of Thermal Coal (“Agreement”) of 19 July 2011 concluded with EDF Paliwa Sp. z o.o. (former “Energokrak” Sp. z o.o.”) with registered office at the address: 31-587 Kraków, ul. Ciepłownicza 1 (“Buyer”).
The Agreement was referred to in the following Current Reports: No. 21/2011 of 19 July 2011, No. 42/2012 of 1 August 2012, No. 37/2013 of 31 October 2013, No. 4/2014 of 31 March 2014 and No. 52/2015 of 22 December 2015.
The Long-Term Agreement concerns supplies of thermal coal to EDF Paliwa Sp. z o.o.
By virtue of signing the Memorandum of Understanding, the Parties have agreed to extend the term of the Agreement until 31 December 2017, and have determined the volume of coal supplies for 2016-2017 and prices of coal supplies for 2017.
In light of the above, the value of the entire Agreement currently amounts to PLN 453 million net.