Conclusion of significant agreement by PROCHEM S.A. Supplementary report to the current report No 14 of 21 Dec. 2012 Raport uzupełniający do raportu bieżącego nr 14 z dnia 21.12.2012 r.

Home page Investor relations Current reports Conclusion of significant agreement by PROCHEM S.A. Supplementary report to the current report No 14 of 21 Dec. 2012 Raport uzupełniający do raportu bieżącego nr 14 z dnia 21.12.2012 r.

Date of publication: 23.05.2013

On 22 May 2013 the company PROCHEM S.A. signed an agreement with Solvay Advanced Silicas Poland Spółka z o.o. The subject of the contract covers engineering, procurement and construction management (EPCM) for construction of plant for production of high dispersion silica used in the production of energy-efficient tires. The plant will be located in Włocławek, and its annual production capacity is 85 thousand tons.

The contract value – PLN 10.9 million (GROSS). Period of performance – approximately 15 months from the date of signing the contract. The agreement includes provisions for stipulated penalty, its value is limited to 10% of net income. Each party has the opportunity to claim compensation on general principles above the amount of contractual penalties but not more than 10% of net income.

The agreement includes provisions for additional performance fee, its value is limited to 20% of net income.

The agreement was considered significant because the value of the contract exceeds 10% of the equity of the issuer.

Podstawa prawna Art.56 ust.1 pkt 2