The contracts concluded by entities of Apator Group and Tauron Dystrybucja S.A. that meet the criterion of significant contract
The Executive Board of Apator SA announces that in the period of the recent twelve months the entities of Apator Group and Tauron Dystrybucja SA concluded contracts of total value of 27,9 m PLN.
The above contracts meet in total the criterion of significant contract due to the exceeding 10% of entities of the issuer.
The contract of the highest value was concluded on 17th June 2013 by Apator SA for the net value of 16,2 m PLN. It regards the deliveries of electricity meters to Tauron Dystrybucja SA. The conditions of the above contract do not differ from typical ones for such type of transactions on the market and it was concluded without restriction to the term and condition.
The description of liquidated damages included in the above contract:
1.For Tauron Dystrybucja SA:
- for each day of the delay in performance of the delivery of electricity meters in amount of 0,5% of net value of delivery but maximum value of liquidated damages for that reason will not exceed 10% of the net value of delivery, - for the delay in remedy of the defects of the equipment found during warranty period – 0,1% of net price of the equipment for each day of the delay,
- in case of any discrepancy between the electricity meters being delivered and the samples – 10% net value of improper performed part of the order
- in case of changes made to the equipment not agreed – 10% net value of improper performed part of the order
2. For Apator SA:
- the right to liquidated damages in amount of 0,5% of net value of rejected delivery for each day of the delay in acceptance of the part of equipment by Tauron Dystrybucja SA.
Legal basis: § 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 to be considered as equivalent information required by law of the country not being the member of the EU.
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