55/2012
55/2012
Concluding an annex to the significant agreement with Zakłady Azotowe Puławy S.A.
Current Report No. 55/2012
Date of preparation: 28.12.2012.
Subject: Concluding an annex to the significant agreement with Zakłady Azotowe Puławy S.A.
General legal basis: Art. 56.1.2 of the Act on Public Offering – current and periodic information
Content:
The Management Board of Lubelski Węgiel Bogdanka S.A. with registered office in Bogdanka (the “Company”) hereby announces that on 28 December 2012 an Annex was signed to the Long-Term Agreement on Sale of Power Coal of 8 January 2009, concluded between the Company and Zakłady Azotowe Puławy S.A. (“ZA Puławy”) with
registered office in Puławy.
The subject matter of the Agreement is the supply-sale of power coal to ZA Puławy.
The Annex specifies changes in the volumes of coal supplies for the purposes of ZA Puławy for 2012-2017 and the prices for 2013.
As a result of concluding the Annex, the value of the Agreement has increased by PLN 94.74 million net in comparison to the value indicated in Current Report No. 26/2011, and (without regard to possible increases, deviations and tolerance) amounts to a total of PLN 1,058 million net (i.e. 9.83 % more than in Report No. 26/2011).
Other terms and conditions of the Agreement remain unchanged and do not differ from the market standards applied in such agreements.
The Agreement of 8 January 2009, which was disclosed in Current Report No. 29/2009, and amended by the Annex of 5 December 2011, which was disclosed in Current Report No. 26/2011, was deemed significant because 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.
Date of preparation: 28.12.2012.
Subject: Concluding an annex to the significant agreement with Zakłady Azotowe Puławy S.A.
General legal basis: Art. 56.1.2 of the Act on Public Offering – current and periodic information
Content:
The Management Board of Lubelski Węgiel Bogdanka S.A. with registered office in Bogdanka (the “Company”) hereby announces that on 28 December 2012 an Annex was signed to the Long-Term Agreement on Sale of Power Coal of 8 January 2009, concluded between the Company and Zakłady Azotowe Puławy S.A. (“ZA Puławy”) with
registered office in Puławy.
The subject matter of the Agreement is the supply-sale of power coal to ZA Puławy.
The Annex specifies changes in the volumes of coal supplies for the purposes of ZA Puławy for 2012-2017 and the prices for 2013.
As a result of concluding the Annex, the value of the Agreement has increased by PLN 94.74 million net in comparison to the value indicated in Current Report No. 26/2011, and (without regard to possible increases, deviations and tolerance) amounts to a total of PLN 1,058 million net (i.e. 9.83 % more than in Report No. 26/2011).
Other terms and conditions of the Agreement remain unchanged and do not differ from the market standards applied in such agreements.
The Agreement of 8 January 2009, which was disclosed in Current Report No. 29/2009, and amended by the Annex of 5 December 2011, which was disclosed in Current Report No. 26/2011, was deemed significant because 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.