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General Terms of Sale
Current reports A A A
Conclusion of a significant contract with MH Biuro Przedstawicielskie Zbigniew Kania.
Report no.: 10/2012
Date of issue: 2012-02-28
Legal basis: Art. 56 clause 1 item 2 of the public offering act - current and periodic information
SUBJECT:
Conclusion of a significant contract with MH Biuro Przedstawicielskie Zbigniew Kania.
CONTENT OF THE REPORT:
The Management Board of Izostal S.A. (Company) informs that on February 27, 2012 Izostal S.A. concluded another transaction for the purchase of pipes from MH Biuro Przedstawicielskie Zbigniew Kania seated in Katowice. Following this transaction the total value of the contracts concluded by the Company with MH Biuro Przedstawicielskie Zbigniew Kania over the last twelve months has exceeded 10% of the Company's equity and amounted to PLN 23,141,464.96 (net).
In the aforesaid period, the contract of the largest value was the drill pipes purchase transaction by Izostal S.A. (Buyer) from MH Biuro Przedstawicielskie Zbigniew Kania (Seller) seated in Katowice, concluded on February 27, 2012 of a total value of EUR 2,301,267.00, which after conversion into PLN at the mean exchange rate of the National Bank of Poland on this date amounts to PLN 9,629,651.76 (net).
The object of the agreement will be delivered by the Seller by June 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 MH Biuro Przedstawicielskie Zbigniew Kania in the aforementioned period meet the criterion of a significant contract as their total value exceeds 10% of the Company's equity.
Specific legal basis: §5 clause 1 item 3 of the Ordinance of the Minister of Finance of February 19, 2009 on current and periodic information disclosed by the issuers of commercial papers and the conditions for recognizing as equivalent the information required by the laws of a non-member state (Journal of Laws No. 33, item 259 as amended).
SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President - Marek Mazurek 2012-02-28
Proxy - Michał Pietrek 2012-02-28
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