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GENERAL MEETING

THE SUWARY SPÓŁKA AKCYJNA MANAGEMENT BOARD NOTICE OF CONVENING AN ORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD AT 1 PM, ON MARCH 8, 2017 IN PABIANICE, PIOTRA SKARGI 45/47

15.02.2017

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Current report 48/2010 Information on concluding a co-funding agreement

The Management Board of Suwary S.A. with its registered office in Pabianice (“the Company”) informs that yesterday, i.e. December 2nd 2010 the Company concluded an agreement for the co-funding of a project under III Priority Axis: Economy, Innovation, Entrepreneurship of the Regional Operational Programme of the Łodź Voivodship within 2007 – 2013 (“the Agreement”) with the Łódzkie Voivodship on whose behalf acts the Entrepreneur Service Centre with its registered office in Łodź, which is an intermediate body of the second degree of the Regional Operational Programme for the Łódzkie Voivodship within 2007 – 2013” (“IB II”) I. The Agreement specifies the terms and conditions of co-funding in the form of an advance payment and refunding of expenses, or exclusively refunding of expenses eligible for the implementation of the Project “The growth of competitiveness and innovation resulting from commissioning a production line for multilayer packaging of up to 30 L volume”” hereinafter referred to as “the Project”. II. The total value of the project amounts to PLN 3 883 748.00 (in words: three million eight hundred and eighty three thousand seven hundred and forty eight zlotys 00/100). The total expenses eligible for the project amount to PLN 3 183 400.00 (in words: three million one hundred and eighty three thousand four hundred zlotys 00/100). The Company undertakes to make its own contribution to the implementation of the Project up to an amount of PLN 1 687 202.00 (in words: one million six hundred and eighty seven thousand two hundred and two zlotys 00/100). III. Under the said agreement the Company was awarded by IB II co-funding for the implementation of the Project with the means of the Regional Operational Programme of the Łódzkie Voivodship within 2007 – 2013 at an amount of up to PLN 1 496 198.00 (in words: one million four hundred and ninety six thousand one hundred and ninety eight zlotys 00/100) which constitutes max. 47.00% of the total expenses eligible for the project, including: 1. the funds from the European Regional Development Fund at an amount of up to PLN 1 271 768,.30 (in words: one million two hundred and seventy one thousand seven hundred and sixty eight zlotys and thirty groszes) which constitutes 39.95% of the expenses eligible for the project and 85.00 % of the co-funding amount. - capital expenses at an amount of PLN 1 271 768.3 2. co-funding at an amount of up to PLN 224 429.70 (in words: two hundred and twenty four thousand four hundred and twenty nine zlotys seventy groszes), which constitutes 7.05 % of the expenses eligible for the Project and 15.00 % of the co-funding amount. -section: 150, part 15011, article 6209, at an amount of PLN 224 429.70 IV. The agreement provides the following deadlines for the Project implementation: 1) the commencement of the implementation: July 2010 2) the completion of the implementation: August 2011 V. A blank bill of exchange issued by the Company is security for the said agreement. VI. The Agreement provides that in the event that the Company uses the entire of part of the co-funding amount: 1) contrary to the Agreement 2) in violation of the procedures referred to in article 184 of the Public Finance Act 3) taking the entire or part of the co-funding amount unduly or at an excessive amount then the Company shall be under an obligation to return the funds including interest at an amount as in the case of tax arrears in the manner specified by IB II, to the bank account with Bank Gospodarstwa Krajowego or to the bank account of IB II respectively. Legal basis: Article 56 section 1 item 1 of the Act on Public Offer, the Conditions for Trading in Financial Instrument and Public Limited Companies (Journal of Laws 2005 No. 184, pos. 1539 as amended).

2010-12-03

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