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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 20/2018 Signing an annex to the material agreement

Management Board of Suwary S.A. (Issuer) informs that today 04.12.2018 was signed unilaterally by the Issuer's subsidiary, Kartpol Group Sp. z o.o. (Seller) from Carina Silicones Sp. z o.o. with its registered office in Siechnice and Libra Sp. z o.o. with its registered office in Dzierżoniów an annex to the material agreement concluded on 03.08.2017. ( RB 37/2017). The Agreement was sent to the other party for signature. The subject of the annex is to define the rules of cooperation between the parties in the form of manufacture and delivery by Kartpol of specific products - cartridges and accessories to them.

According to the signed annex, Kartpol will deliver products to Carina and Libra on the terms and conditions specified in the agreement from 01.01.2019. until 31.12.2021r.

According to the estimates established by the parties, the total value of sales from 01.01.2019 to 31.12.2021 will reach at least PLN 36 million.
The agreement contains contractual penalties, which may exceed 10% of its value in the event of delay in the execution of the order - 5% of the value of the undelivered order for each started day of delay and the possibility to charge the Seller with all additional costs and expenses related to the purchase of possible substitutes from other suppliers.

Other terms and conditions of the agreement do not differ from the accepted market standards for this type of agreements.

 

 

2018-12-04

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