Current report no 49/2015 of 24 November 2015 – Entering into annex to agreement with PKO Bank Polski S.A.

Management Board of Qumak S.A. informs that today the Company received an Annex signed by both parties dated 19 November 2015 to the Agreement made with Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna (hereafter referred to as the Bank) on 19 August 2014. 

 

Subject of the Agreement is performing by Qumak S.A. works and making deliveries necessary to realize an Investment project which is a Data Processing Centre together with technical infrastructure (installations and devices), as well as accompanying infrastructure. The Company informed about entering into the Agreement in a current report no 44/2014 of 20 August 2014.

With regard to setting a new deadline for completion of the Investment and a detailed schedule for acceptance of works, by this Annex there was changed a date for completing the investment to 4 December 2015 (originally set in the Agreement to 15 months from the day of entering the Agreement into force).

Other substantial provisions of the Agreement remain unchanged.

The Agreement on the day of its signing met criterion of substantial agreement for its value exceeded 10% of Qumak S.A. equity.

 

Legal ground:

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