The contracts concluded between PGE Dystrybucja SA and the entities of Grupa Apator that comply in total with criterion of the significant contract
The Executive Board of Apator SA announces that the entities of Grupa Apator concluded 21 contracts with PGE Dystrybucja SA with the headquarters in Lublin in financial year 2011. The contracts comply in total with criterion of the significant contract in respect of the exceeding of 10% entities of the issuer. The above contracts in total net value of 17,6 m PLN regarded the supply of electricity meters to PGE Dystrybucja SA.
The contract of the highest value of the net value of 4,8 m PLN was concluded by subsidiary - Pafal SA on the 22nd December 2011. It regards the supply of electricity meters to PGE Dystrybucja SA, Branch Office in Skarżysko-Kamienna. The supplies will be performed till the 15th December 2012.
The Executive Board of Apator SA announces that conditions of the above contract do not differ from the conditions of typical transactions on the market. Moreover the contract was concluded without any reservation to the condition or the duration.PGE Dystrybucja SA is entitled to the right to calculate the following liquidated damages:- for each day of the delay in performance of the supply of electricity meters in amount of 0,5% value of the contract- for the delay in remedy of the defects in the electricity meter in warranty period in the value of 10% the unit price of electricity meter for each day of the delay- withdrawal from the contract being the default of Pafal SA in value of 20% contract value, while the liquidated damages calculated do not exclude the right of PGE Dystrybucja SA to calculate liquidated damages due to the above delayPAFAL SA is entitled to the right to calculate liquidated damages in amount of 20% contract value due to withdrawal by PGE Dystyrbucja SA from the contract due to reasons being the default of this company. Legal base : § 5 para 1 point 3 of the Regulation of Minister of Finance regarding current and regular information being transferred by the issuers of securities and conditions of the information to be considered as equivalent one required by law of the country not being the member of the EU.
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