Market filings

ADDRESS DATA
41-308 Dąbrowa Górnicza
ul. Roździeńskiego 11a
   
+48 32 261 60 00
+48 32 261 60 09
biuro@stalprofil.com.pl

Current reports

Notice: the official version is the Polish language version and the version translated into English is provided purely for information purposes.

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16
2019

2019-04-18

Current report 16/2019

Recommendation of the Supervisory Board of STALPROFIL S.A. regarding the proposal to distribute profit for 2018

The Management Board of STALPROFIL S.A. informs that on 18 April 2019 the Supervisory Board of the Company adopted a resolution regarding the opinion of the Management Board to the Ordinary General Meeting of STALPROFIL S.A. regarding the distribution of profit for the financial year 2018.
The Supervisory Board issued a positive opinion on the Management Board's proposal regarding the distribution of profit for 2018, including the allocation of dividends for the Company's shareholders PLN 4.025.000, which gives PLN 0.23 of dividends per share.
To the date proposed by the Management Board for determining the right to dividend, falling on 14 August 2019, and the date of dividend payment as at 6 September 2019 the Supervisory Board did not raise any objections.

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15
2019

2019-04-11

Current report 15/2019

Resignation of a Member of the Supervisory Board of STALPROFIL S.A.

The Management Board of STALPROFIL S.A. informs that on 11 April 2019 the Company received a statement from Mr. Marcin Gamrot about resignation from the position of a Member of the Supervisory Board of STALPROFIL S.A. on the day of the next General Meeting.

In this statement, Mr. Marcin Gamrot did not give reasons for his decision to resign.

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14
2019

2019-03-29

Current report 14/2019

Recommendation of the Management Board of STALPROFIL S.A. regarding the amount of the dividend for 2018

On 29 March 2019, the Management Board of STALPROFIL S.A. adopted a resolution on filing an application to the Ordinary General Meeting of the Company with a proposal to divide the net profit generated in 2018, proposing to pay dividends for the Company's shareholders in the amount of PLN 4,025,000.00, which is 0.23 PLN dividends per share. The proposal concerns dividend coverage of all shares issued by the Company in the amount of 17,500,000 units.
At the same time, the Management Board decided to submit an application to the Ordinary General Meeting of STALPROFIL S.A. to schedule the date of determining the right to dividend on 14 August 2019, while the date of payment of the dividend as of 6 September 2019.

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13
2019

2019-03-20

Current report 13/2019

Conclusion of a contract with OGP Gaz-System S.A. for the supply of insulated steel pipes for the construction of the DN700 Poland-Lithuania gas pipeline

With reference to the current report 9/2019 dated 6 March 2019, the Management Board of STALPROFIL S.A. informs that on 20 March 2019 the Company was notified of the reverse signing by OGP Gaz-System S.A. of a partial agreement between a consortium of companies consisting of: STALPROFIL S.A. and Izostal S.A. (Contractor), and OGP Gaz-System SA with its registered office in Warsaw (Ordering Party).
The subject of the contract is the manufacture, sale and supply of insulated and internally insulated steel pipes for the investment project carried out by OGP Gaz-System S.A.: Gas pipeline DN700 Poland-Lithuania order 2 with a length of about 72 km. As part of a consortium the subsidiary IZOSTAL S.A. (Consortium Leader) is responsible for the production and supply of the above-mentioned insulated steel pipes for the Ordering Party.
The partial agreement concluded will be implemented under and under the terms of the framework agreement of 17 April 2015, concluded between the Consortium of the following companies: Izostal S.A. and STALPROFIL S.A., and OGP Gaz-System SA
The value of deliveries covered by the concluded agreement is PLN 65,360 thousand net (PLN 80,393 thousand gross) and their implementation will take place from 1 January 2020 to 31 July 2020.
The Management Board of the Company considers the described contract to be significant due to its high value. The implementation of the aforementioned partial agreement will have a significant impact on the increase in the value of revenues of the subsidiary Izostal S.A. and STALPROFIL S.A. Capital Group.

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12
2019

2019-03-19

Current report 12/2019

Conclusion of an investment loan agreement with mBank S.A.

The Management Board of Stalprofil S.A. informs that on 19.03.2019 the Company (the Borrower) concluded an investment loan agreement with mBank S.A. with its registered office in Warsaw, Corporate Branch in Katowice (Bank) in the amount of PLN 17,462,048 for partial financing of the investment called "Construction of a high storage warehouse at the Commercial Warehouse A in Katowice".
The construction of an automated high bay warehouse realized by STALPROFIL S.A. at the warehouse in Katowice is another pro-development activity in the steel segment served by the Company. This investment is part of the latest trends in the steel distribution industry and will allow for a significant automation of customer service in the field of trade in metallurgical products, as well as expanding the assortment offer.
Financial terms on which the Company uses the investment loan granted do not differ from those commonly used for this type of contracts. The interest rate of the loan is based on WIBOR 1M + bank margin. The loan will be repaid in equal quarterly installments starting from March 2021 until June 2028.
The basic collateral for the investment loan granted by the Bank is as follows:
1. A contractual mortgage on a perpetual usufruct of the Borrower of a plot of land located in Dąbrowa Górnicza, the town of Dąbrowa Górnicza, Roździeńskiego 11A, constituting plot number 89 from Dąbrowa Górnicza, and the building property owned by the Borrower established on that land, constituting a separate property, up to 125% of the investment loan granted;
2. A declaration on submission to enforcement in accordance with art. 777 cc.

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