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General Terms of Sale
Current reports A A A
Conclusion of a significant contract with IMPEXRUR S.A.
Report no.: 12/2012
Date of issue: 2012-02-29
Legal basis: Art. 56 clause 1 item 2 of the public offering act - current and periodic information
SUBJECT:
Conclusion of a significant contract with IMPEXRUR S.A.
CONTENT OF THE REPORT:
The Management Board of Izostal S.A. (Company) informs that on February 29, 2012 Izostal S.A. concluded a transaction for the purchase of pipes from IMPEXRUR S.A. seated in Sanok. Following this transaction the total value of purchase contracts concluded by the Company with IMPEXRUR S.A. since January 24, 2012 (current report no. 7/2012) has exceeded 10% of the Company's equity and amounted to PLN 25,953,145.32 (net).
In the aforesaid period, the contract of the highest value was the drill pipes purchase transaction by Izostal S.A. (Buyer) from IMPEXRUR S.A. (Seller) concluded on February 29, 2012, of a total value of EUR 3,045,982.50, which after conversion into PLN at the mean exchange rate of the National Bank of Poland on this date amounts to PLN 12,599,706.61 (net).
The object of the contract will be delivered by the Seller by April 30, 2012.
The contract concluded does not provide for any contractual damages and terms and conditions of the transaction are not different from the conditions used typically for such contracts.
The transactions concluded with IMPEXRUR S.A. in the aforementioned period meet the criterion of a significant contract as their total value exceeds 10% of the Company's equity.
SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President - Marek Mazurek 2012-02-29
Proxy -Michał Pietrek 2012-02-29
INFORMATION ON THE ENTITY:
Full name of the issuer: IZOSTAL SPÓŁKA AKCYJNA
Abbreviated name of the issuer: IZOSTAL S.A
Sector based on the classification of Warsaw Stock Exchange: Other industry
Address: 47-120 Zawadzkie Polna 3
Telephone: (77) 405 65 00
Fax: (77) 405 65 01
e-mail:info@izostal.com.pl
www.izostal.com.pl
VAT No. [NIP]:756-00-10-641
Statistical No. [REGON]: 530884678