08.12.2009
Conclusion of major contract
On 8 December 2009 Stalprofil SA became aware of the finalization (signing by the other party) of an addendum to the Agreement on Trade Cooperation concluded between Stalprofil SA, as the seller, and Vistal SA in Wroclaw, as the buyer, for the supply of steel products by Stalprofil SA to the purchaser.
The addendum introduces, for indefinite period of the concluded Agreement on Trade Cooperation, the projected annual tonnage of steel products sold at 25.000 tons. The final total amount of purchased steel products will result from complex and confirmed contracts that meet the current needs of the buyer.
The total estimated annual net value of the supplies covered by the addendum Stalprofil SA estimates at 40 to 50 million PLN. Conditions of the addendum are not depart from the commonly used terms for such agreements.
The addendum meets the criterion of a significant agreement because its estimated value exceeds 10% of equity of the issuer.
The addendum introduces, for indefinite period of the concluded Agreement on Trade Cooperation, the projected annual tonnage of steel products sold at 25.000 tons. The final total amount of purchased steel products will result from complex and confirmed contracts that meet the current needs of the buyer.
The total estimated annual net value of the supplies covered by the addendum Stalprofil SA estimates at 40 to 50 million PLN. Conditions of the addendum are not depart from the commonly used terms for such agreements.
The addendum meets the criterion of a significant agreement because its estimated value exceeds 10% of equity of the issuer.