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

Home » Investor Relations » Reports » Current reports


Current report 8/2013 Signing the master agreement by the subsidiary

The management board of SUWARY S.A. (the “Company”) announces that on the present day, 17 May, 2013 the Company has received from a subsidiary Suwary Tech Sp. z o.o. (“Suwary Tech” or the “Investor”) information about signing on 16 May 2013 by Suwary Tech an agreement (the “Agreement”) with Firma Budowlana Rafał Hoffer with its registered office in Działdowo entered into the register of economic activity conducted by Działdowo City Commune under the number 2921 (the “General Contractor”). The subject-matter of the Agreement is to construct on plots of numbers: 2161/42 and 2162/7, belonging to Suwary Tech, located within the area of the Łódź Special Economic Zone, Subzone Ksawerów, a production – warehouse building, to provide any  building works, to purchase materials necessary to execute the agreement, as well as to provide works to remove the existing development and the earlier infrastructure elements and to obtain permits and decisions essential to final acceptance of the subject-matter of the agreement.

Total value of the agreement amounts to 12.42 million PLN (12 million four hundred and twenty złotys). The Company announced about the investment project in current reports: 47/2010 of 29.11.2010, 51/2010 of 23.12.2011, 40/2011 of 27.09.2011).

The agreement is signed for duration of nine months.

The agreement covers contractual penalties which may exceed 10% of its value or exceed the equivalent of a sum amounting to 200,000 euros by NBP exchange rate applicable on the date of conclusion of the Agreement: 

- towards the Investor for withdrawal of the General Contractor from the Agreement due to reasons attributable to the Investor

- towards the General Contractor for:

A. withdrawal of the Investor from the Agreement due to reasons attributable to the General Contractor

B. delays of the works under the Agreement

C. delays of monthly ranges of works under the Agreement

D. delays of rectification of defects in the guarantee period

The Agreement stipulates neither condition nor the time limit.

Provisions of the Agreement do not differ from the conditions commonly applied in these types of agreements.

The amount of the equity of SUWARY S.A. is the criterion to deem the Agreement as the master agreement.

2013-05-17

<< back