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Current report: 13/2012 - Conclusion of significant agreement

Date: 2012-05-10 / Legal ground: Art. 56 sec.1 p. 2 Act on Public Offering – current and periodic information

Current report: 13/2012

Subject: Conclusion of significant agreement
 
Date: 2012-05-10
 
Legal ground: Art. 56 sec.1 p. 2 Act on Public Offering – current and periodic information
 
The Board of Chemoservis-Dwory SA (the "Issuer" or the "Company") informs that on  May 10th  2012 signed agreement with the Agency for Enterprise Development Sp. Z o.o. based   in Żory for  perform the works for the project "The construction  biomass-fired combustion plant with cogeneration system in ORC technology in Żory “ with active electrical power not less than 400 kW or two turbogenerators  ORC  of the total electric power not less than 400 kW with payment 11,600,000.00 PLN + VAT. Deadline for completion of the agreement referred to December 31th   2012
 
In agreement provides penalties for:
  • withdraw from the agreement of Contractor's fault – of the 10% price of the net agreement,
  • for untimely performance of the agreement say no behavior the deadline until December 31th , 2012 - amount of 1,000,000.00 PLN(  one million PLN ) ,for  untimely performance of the agreement after the  date 31.12.2012 for the first four months of  2013 of the 0,001 % price of the net agreement  for each day of delay, for late performance of the agreement after the date 30.06.2013, of the 0,1 % price of the net agreement  for each day of delay.
  •  for delay in the untimely removal of defects  of the 0.1%price of net salary approved in the agreement due to the Contractor for each day after the deadline for removal of defects agreed with the Purchaser.
  • for failing (below)the guaranteed value of electrical efficiency or thermal efficiency of turbine or thermal efficiency of boiler or electrical efficiency or or thermal efficiency of the whole block of 250 000 PLN for each 1% below the guaranteed performance.
  • for failing the guaranteed value of rating electrical power  or rating Thermal power of boiler or Thermal power of turbine of 5 500 PLN for each 1 KW  below the guaranteed performance.
  • for the disclosure of the Confidential Information received from the Purchaser or opportunity to claim supplementary compensation from contractor,  for non-performance or the improper performance of this Agreement or any part of the works on the general principles of the 5 %price  of net salary.

The total amount of contractual penalties shall not exceed more than 10% price of the net agreement. Independently of the  contractual penalties provided, the Company will be obliged to pay compensation to the general principles.

The criterion for a significant agreement results from exceeding the 10% of the equity Chemoservis-Dwory S.A.

Legal ground: § 5 sec. 1 p. 3 of Regulation of Ministry of Finance from February 19th, 2009 on current and periodic information published by issuers of securities and on conditions of recognition of information required by law of a non-member country as equal.

 


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CHEMOSERVIS-DWORY S.A. zarejestrowana w Sądzie Rejonowym w Krakowie, KRS 0000287238, NIP 549-19-11-468, REGON 070889223. Kapitał zakładowy opłacony w całości: 20.006.000 PLN.
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