The Management Board of Orzeł Biały S.A. (“The Issuer”, “The Company”) announces that the turnover of the last 12 preceding months, according to closed accounting periods with a Counterparty with which the Issuer is collaborating in terms of lead-bearing waste material supplies, exceeded 10% of the total revenue of the Issuer’s Group of Companies for the last four quarters (third quarter 2013 till second quarter 2014).
The collaboration in terms of lead-bearing waste material supplies to the Company has been pursued since January 2014 and meets the criteria of a significant agreement.
Purchase orders on the basis of which the supplies referred to above are delivered do not provide for contractual penalties. Remaining conditions of the cooperation do not differ from market standards applied to such agreements.
The public disclosure of the Counterparty and of financial conditions of the cooperation in the above-mentioned area has been delayed pursuant to Art. 57 Para. 1 of the Public Offering Act.
Legal basis:
MFR SE § 5 Para. 1 Pt. 3