05.11.2010
Significant agreement with HEMAT Trade Ostrava a.s.
On 5 November 2010 Stalprofil SA signed a commercial contract with HEMAT Trade Ostrava a.s. based in Ostrava (Czech Republic), whose subject is the sale by Stalprofil SA steel products including hot rolled sections, angles, rails and other steel products used mainly to EU markets, for the company HEMAT Trade Ostrava a.s.
Deliveries of steel products will be realized by Stalprofil SA on the basis of orders placed by the recipient, gradually throughout the duration of the contract, ie from 01.01.2011 to 31.12.2011.
The total estimated value of the supplies covered by the contract concluded is estimated at a value of approximately 30 million PLN net. Conditions of the contract does not deviate from the commonly used terms for this type of agreement.
The contract meets the criterion of a significant agreement because its expected value exceeds 10% of the equity of the issuer.
Deliveries of steel products will be realized by Stalprofil SA on the basis of orders placed by the recipient, gradually throughout the duration of the contract, ie from 01.01.2011 to 31.12.2011.
The total estimated value of the supplies covered by the contract concluded is estimated at a value of approximately 30 million PLN net. Conditions of the contract does not deviate from the commonly used terms for this type of agreement.
The contract meets the criterion of a significant agreement because its expected value exceeds 10% of the equity of the issuer.