14.11.2012
Trade agreements with entities of the ArcelorMittal Group
On 14 November 2012 Stalprofil SA (recipient) received confirmation of trade orders placed by ArcelorMittal Commercial Sections SA, based in Luxembourg, ArcelorMittal Ostrava A.S. based in Ostrava and ArcelorMittal Poland S.A. located in Dąbrowa Górnicza, and thus concluded another transaction to purchase steel products from ArcelorMittal Group entities (supplier) for a total value of 15 723 thousand PLN.
Following completion of these transactions total value of contracts entered into by Stalprofil SA and ArcelorMittal Group on 9 August 2012 (the date of the current report 20/2012) exceeded 10% of the equity of the Company and was 45 030 thousand PLN. Entities of ArcelorMittal Group are the largest steel producer in Poland and a major supplier of Stalprofil SA.
The highest value transaction contained in the period between the parties was the transaction of purchase of steel products (orders confirmed by the supplier) concluded in September 2012 on the value of PLN 10 204 thousand for the supply of steel products by ArcelorMittal Poland SA to Stalprofil SA.
Terms of the transaction in question does not provide for penalties and do not differ from those commonly used for this type of transactions.
The transactions meet all of the criteria of a significant agreement because their total value exceeds 10% of the equity of the issuer.
Following completion of these transactions total value of contracts entered into by Stalprofil SA and ArcelorMittal Group on 9 August 2012 (the date of the current report 20/2012) exceeded 10% of the equity of the Company and was 45 030 thousand PLN. Entities of ArcelorMittal Group are the largest steel producer in Poland and a major supplier of Stalprofil SA.
The highest value transaction contained in the period between the parties was the transaction of purchase of steel products (orders confirmed by the supplier) concluded in September 2012 on the value of PLN 10 204 thousand for the supply of steel products by ArcelorMittal Poland SA to Stalprofil SA.
Terms of the transaction in question does not provide for penalties and do not differ from those commonly used for this type of transactions.
The transactions meet all of the criteria of a significant agreement because their total value exceeds 10% of the equity of the issuer.