Investor Relations news

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

more >>

GROUP COMPANIES

Raporty bieżące

Current report 02/2011 concluding a contract for the purchase of a production line

The Management Board of Suwary S.A. with its registered office in Pabianice (“the Company” ) informs that yesterday, i.e. on January 20th 2011 the Company concluded a contract for the purchase of a production line for up to 30 L multi-layer packaging (“a production line”) with Tajwańskie Biuro Techniczne K.Celińska – Mysław Sp. Jawna with its registered office in Warsaw , ul. Szachowa 1/762 , Tax Identification Number 952-19-91-446, No. in the National Court Register 0000252595 (“the Seller”). The purchase of the line is financially supported from the resources of the Regional Operational Programme for the Łódź Voivodship within the years 2007 – 2013 in the amount of up to PLN 1 496 198.00 (in words: one million four hundred ninety-six thousand one hundred and ninety eight zlotys 00/100), which is 47.00 % of the total eligible expenditures for the project; the Company informed about the grant in its Current Report No. 48/2010 dated December 3rd 2010. In accordance with the procedure in force, the supplier of the line has been selected following a procurement notice published on the Company’s website on October 19th 2010. The total value of the agreement, in accordance with the NBP exchange rate of January 19th 2011, is PLN 2 713 143.77. The payment of the price which is part of remuneration in USD and EUR will be made at an average NBP exchange rate as on the invoice issue date. The date of the agreement fulfilment is specified as July 2011. In the event of a default in the timely execution by the Seller of their contractual obligations arsing from the contract for the purchase of the production line, the Purchaser is entitled to charge stipulated penalties in the amount of USD 500 for each day of the default, with the maximal amount of the penalties up to 5% of the contract value. In the event of the Company’s withdrawal from the contract by fault of the Company, the Seller is entitled to claim the payment of a stipulated penalty in the amount of 30% of the contract value. In the event of the Seller’s withdrawal from the contract by fault of the Seller, the Company is entitled to claim the refund of all the advance payments it has made including interest. The aforementioned agreement is not a significant agreement as understood in § 5 section 1 point 3 of the regulation of the Minister of Finance dated February 19th 2009 on current and periodic information reported by the issuers of securities and the conditions for recognizing as equivalent the information required by the regulations of non-member states (Journal of Laws 2009, No. 33, position 259 as amended).

2011-01-21

<< back