100/2006: Conclusion of a material agreement with a subsidiary Infra Sp. z o. o.
The Board of Directors of PBG S.A. hereby informs to have been notified on 13th December 2006 about an agreement concluded with subsidiary Infra Sp. z o.o. for PLN 45,809,449.22 which exceed the value of a material agreement.
The subject of the contract with the highest contract amount (PLN 14,625,000 net) are the works to be conducted by Infra Sp. z o.o. consisting in renovating the sewerage by way of no-dig method at the task currently executed by PBG S.A., i.e. "Renovation of the existing sewerage network of left-bank Szczecin". The works will be conducted by 31st December 2006.
Contractual penalties shall apply as follows:
- in the case of delays in the performance of the contract - 0.1% of the gross remuneration for each day of the delay;
- in the case of delays in the elimination of defects identified upon acceptance of works or during the warranty period - 0.1% of the agreed fee for each day of the delay;
- in the case of a termination of the contract f - 5% of the gross agreed fee.
The said agreement is considered material based on the total shareholders'' equity criterion of PGB S.A..
Legal basis: Article 5 item 1point 3 of the Regulation on current and interim information provided by issuers of securities of 19th October 2005.
Signature of the authorised person:
Magdalena Eckert-Boruta
Pliki:
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