12.08.2011
Signing of significant contract with entities from the ArcelorMittal Group
On 12 August 2011 the Management Board of Stalprofil SA was informed on finalizing (signing by the other parties) trade agreement between Stalprofil SA and ArcelorMittal Commercial Sections SA in Luxembourg and ArcelorMittal Warszawa sp z o.o. in Warsaw. This Agreement sets out general conditions of trade cooperation, aiming to intensify sales of ArcelorMittal SA steel products (merchant bars) in 2011 through Stalprofil SA.
According to estimates of the Company throughout 2011 on the basis of that agreement Stalprofil SA will purchase steel products from those of the ArcelorMittal group of the gross value of approximately 162,5 million PLN (net value).
Deliveries of steel products manufactured by ArcelorMittal are implemented on the basis of orders made monthly by the issuer.
This agreement covers the contract period from 1 January 2011 to 31 December 2011.
The issuer considers the agreement to be significant because its value exceeds 10% of the Company\'s equity.
Terms of the contract do not differ significantly from those applicable to such contracts. The agreement does not containpenalty clauses.
According to estimates of the Company throughout 2011 on the basis of that agreement Stalprofil SA will purchase steel products from those of the ArcelorMittal group of the gross value of approximately 162,5 million PLN (net value).
Deliveries of steel products manufactured by ArcelorMittal are implemented on the basis of orders made monthly by the issuer.
This agreement covers the contract period from 1 January 2011 to 31 December 2011.
The issuer considers the agreement to be significant because its value exceeds 10% of the Company\'s equity.
Terms of the contract do not differ significantly from those applicable to such contracts. The agreement does not containpenalty clauses.