Turnover with PPB MOSTOSTAL-BĘDZIN Sp. z o.o. exceeding the threshold of 10% of the equity of the issuer

On 30 October 2014, the company KOLB sp. z o.o., which is a subsidiary of Stalprofil S.A., entered into an agreement with PPB MOSTOSTAL-BĘDZIN Sp. z o.o. with its registered office in Będzin, the subject of which is construction and installation of steel structures by KOLB sp. z o.o. for PPB MOSTOSTAL-BĘDZIN Sp. z o.o. with a value of 8.190 thousand PLN.
As a result of the conclusion of the contract, the total value of contracts signed in the past 12 months by Stalprofil S.A. Capital Group companiec with PPB MOSTOSTAL-BĘDZIN Sp. z o.o. amounted to 33,229 thousand PLN and exceeded 10% of the equity of the issuer.
The highest value transaction contained in the period between companies of Stalprofil S.A. Capital Group and PPB MOSTOSTAL-BĘDZIN Sp. z o.o. is an agreement between Stalprofil (Investor) and PPB MOSTOSTAL-BĘDZIN Sp. z o.o. (General Contractor) for general construction works related to "Upgrading the existing warehouse No. 3 and its expansion with the necessary technical infrastructure on the plot No. 89 in Dąbrowa Górnicza, Roździeńskiego 11A", with a value of 24,296 thousand PLN (net). The completion and commissioning of the contract subject to the Investor by the General Contractor in the form of the final acceptance certificate will be until 06.30.2016.
In case of delay in execution of the works, for reasons attributable to the General Contractor, he shall pay to the Investor the following penalties:
a. for the delay in the execution of the contract in relation to the deadline specified in the schedule of fixed assets - financial execution of the works in the amount of 0.1% net contract value for each day of delay,
b. for delay in execution of a given integrated work item for invoicing in respect of the period specified in the schedule amounting to 0.2% of the net value of the integrated circuit element for each day of delay, provided that this had a significant impact on delay in performance of the agreement,
c. for the delay in removing the defects found during the acceptance, or disclosed in the guarantee and warranty period of 0.5% of the net value of the integrated circuit element works affected by the defect, for each day of delay in relation to the bilaterally agreed in writing, the deadline to remove the defect.
The investor will pay the General Contractor the following penalties:
a. for delays in the accession to make loads of work according to contractual terms and mutually agreed upon in the amount of 0.1% of the net value of the works covered by the receipt for each day of delay,
The total amount of liquidated damages shall not exceed 10% of the net value of the subject matter. Payment of liquidated damages shall not exclude the right to claim for damages in excess of the parties stipulated penalties.
Contracts contained with the contractor in the period in question meet all the criteria of a significant agreement because their value exceeds 10% of the equity of the issuer.