Changing the amount of the grant awarded by PARP to the subsidiary KOLB sp. z o.o.

In addition to the current report 17/2010 we announce that on 10 November 2010 the Management Board of Stalprofil SA was notified about the correction of the grant awarded for the subsidiary KOLB sp. z o.o., which is due to change of the status of KOLB sp. z o.o. (applicant) between the date of submission of the grant and the date of signing the grant agreement.
As a result of changes in the status from SME (small medium enterprise) to large entreprise the amount of financing the project has been reduced to 1,432,900 PLN. The total recommended amount of funding is currently 3,552,375 PLN.
Reducing the amount of subsidy will not change the scope and changing the term of the investment. Company KOLB sp. z o.o. has secured funding for the whole investment.