The conclusion of the significant agreement

Home page Investor relations Current reports The conclusion of the significant agreement

Date of publication: 20.03.2015

On 19th March 2015 PROCHEM S.A. signed the agreement for the engineering and design services.

The total remuneration for the subject of the contract is approx. PLN 15 million and could be changed only in the cases stipulated in the contract.

Time limit for completion – 4th quarter of 2017

The contract provide for contractual penalties, their value is limited to 20% of the contractual remuneration.

Each party shall be entitled to seek compensation on general principles above the amount of contractual penalties but no more than 20% of contractual remuneration.

Contractual remuneration exceeds 10% of the Issuer’s equity therefore the agreement is considered significant.