78/2006: Material agreement conclusion
The Board of Directors of PBG S.A. hereby informs that PBG S.A. - the leader of the Consortium of PBG S.A., Chart Inc. Process Systems Division and Thermo Design Engineering Ltd. concluded a material agreement with Polskie Górnictwo Naftowe I Gazownictwo S.A. on 27th September 2006.
The object of the agreement is the complete execution of "Construction of Grodzisk Gas Denitrification Plant".
For the execution of works, the Consortium will receive net remuneration of PLN 118,980,000.00.
The works will be executed within 24 months from the date of signing the agreement.
It has been agreed that the total amount of potential agreed penalties, including penalties for delaying the delivery of technological project, for delaying the complete execution of the investment, for delaying removing defects and terminating/renouncing the agreement by the Contracting Party by fault of the Contractor - may not exceed 15% of gross remuneration, while the Contracting Party reserves the right to claim damages of conveying the amount of agreed penalties. This limitation does not concern the amount of agreed penalties for exceeding in the guarantee term energy consumption indexes of the equipment - in this case the agreed penalties total 0.1% of the gross remuneration for each 1% exceeding the indexes.
The said agreement is considered material based on the total shareholders'' equity criterion
Legal basis: § 5.1.3 of the Regulation of 19th October 2005 on current and interim information provided by issuers of securities.
Signature of the authorised person:
Michał Zboralski
Pliki:
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