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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 22/2016 Signing of a significant agreement

The Management Board of Suwary S.A. ("Issuer") informs that on 02.11.2016 a significant agreement was signed by the subsidiary of the Issuer, Kartpol Group Sp. z o.o. („Kartpol” or „Seller”) with Saudal Manufacturing Sp. z o.o. with its registered office in Pionki („Saudal” or „Purchaser”). The subject of the agreement is the determination of the rules for cooperation between the parties consisting of manufacturing and delivering by Kartpol to Saudal of defined products - complete cartouches.

The agreement is in force until 31.12.2020.
In accordance with the estimated numbers of the parties, the annual value of the agreement shall reach between PLN 7-8 million.
The Agreement contains contractual penalties which may exceed 10% of its value in the event of a delay in the implementation of the order - 5% of the value of the undelivered order for each commenced day of delay and ability to charge the Seller with any additional costs and expenses connected with the purchase of the potential substitutes from other suppliers.

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


The agreement was deemed as significant due to its value exceeding 10% of the Issuer's own capital.

2016-11-02

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