Delay closing – the achievement of significant turnover from the sale of lead and lead alloys and the tolling service to one of the key Contractors

The Management Board of Orzeł Biały S.A. (“The Issuer”, “The Company”) hereby announces that, with reference to the current report No 22/2015 dated 14.10.2015 wherein it informed about exceeding turnover of more than 10% of the total revenue of the Issuer’s Group for the last four fiscal quarters (third quarter 2014 to second quarter of 2015) and with reference to the current report No 11/2016 dated 12.05.2016 wherein it once again informed about exceeding turnover of more than 10% of the total revenue of the Issuer’s Group for the last four fiscal quarters (second quarter 2015 to first quarter 2016), the key Contractor was Johnson Controls GmbH based in Hannover, Germany.

The total value of the sales volume of lead and lead alloys and recycling services with the said key Contractor during the third quarter of 2014 to the first quarter of 2016 is important for the Issuer and amounted to PLN 224.2 million net which constitutes over 10% of the sales revenues of the Issuer’s Group for the above-mentioned period.

The Company delayed, in the above-mentioned current reports, the making public of the information about the Contractor and the estimated value of the business turnover with the said Contractor pursuant to Art. 57 of the Public Offering and Conditions Governing the Introduction of Financial Instruments to an Organised Trading System and the Public Companies Act of 29 July 2005.

The Issuer performed the delay according to the legal status operating before 3 July 2016, i.e. before the entry into force of the MAR Regulation.

In order to maintain the continuity of information and to meet legal obligations extant at the date of the decision to delay the insider information, The Issuer decided to close the delay according to the criterion operating as at the date of publication of the current report No 11/2016 dated 12.05.2016.

Legal basis: Art. 17 Para. 1 MAR, at 17:19

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