The conclusion of the significant agreement

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

Datw of publication: 04.06.2014

The company PROCHEM S.A. received a signed contract from Komagra Sp. z o.o for management contracting for new and modernized installations in the Production Plant of Biofuels. The investment will be implemented in two stages.

Formula of remuneration for Management Contracting includes margin and the costs of implementation of the subject of this contract, so remuneration of PROCHEM S.A. it will be possible to determine after final settlement of the costs incurred.

The Issuer expects that it will exceed 10% values of equity, and therefore the agreement was regarded as meaning.
Deadline for completion of the first stage – the fourth quarter of 2014.
Contractual penalties are limited as to a maximum of up to PLN 800 thousand. PLN. Claims for damages are limited as to a maximum amount of up to PLN 4 million.