Current report no 46/2015 of 1 October 2015 – Entering into annex to substantial agreement with Port Lotniczy Gdańsk Sp. z o. o.

Management Board of Qumak S.A. informs that the Company received an annex signed by both parties to the Agreement made on 17 October 2014 between Qumak S.A. and Port Lotniczy Gdańsk Sp. z o. o. 


Subject of the Agreement is performing by Qumak S.A. construction works in order to adapt the Gdansk Lech Walesa Airport to the second category (CAT II), among others performing energy-saving navigation lighting and modernizing existing power system for the navigation lighting system. For performing the subject of the Agreement there was set a lump sum remuneration amounting to PLN 59,247,870.00 net. The Company informed about entering into this agreement in a current report no 52/2014 of 17 October 2014.


By the above mentioned Annex no 1 dated 31 August 2015 the schedule of performing the works was changed and the deadline for performing all the works was extended to 31 August 2015 (originally the deadline was set to 16 June 2015).


Other substantial provisions of the Agreement remain unchanged.


The above mentioned Agreement meets criterion of substantial agreement for its value exceeds 10% of the value of income from Qumak S.A. sales in the period of the last four quarters.


Legal ground:

RMF of 19 February 2009 on current and periodic information, § 5(1)(3)