The Management Board of Orzeł Biały SA (the Issuer, the Company) announces that on 22.04.2014 a contract for the sale of lead and lead alloys by Orzeł Biały SA was signed by the Issuer (the Seller), and previously signed by the other party (the Buyer). Disclose to the public of information on the other side of the contract and financial terms of the agreement has been delayed pursuant to Art. 57 para. 1 of the Act on Public Offering.
Sales of lead and lead alloys will be implemented in the period from April 2014 to March 2015. The contract meets criterion of significant contract, ie the value of the contract exceeds 10% of the total consolidated revenue of the Issuer for the last four financial quarters (I Q 2013 – IV Q 2013).
Under the terms of signed contract, the price at which lead and lead alloys will be sold consists of a base price determined on the basis of average monthly official listing (Settlement) for the lead on the London Metal Exchange during the period of the quotation, which is enlarged by premium of the Company. The concluded contract does not provide any contractual penalties. Other terms and conditions are market standards for such contracts.
Legal basis:
RMF GPW § 5 sec. 1 point 3