Management Board of Qumak S.A. (hereafter referred to as the Company) informs that on 8 December 2014 placed orders in the Company AB S.A., which meet a criterion of substantial agreement.
Total value of trade with AB S.A. (value of orders placed by the Company), generated during the period since the last current report has been published on 29 August 2014, exceeds the equivalent of 10% of the Company’s equity and amounts to PLN 11,779,579.87 net, what makes the orders considered as substantial.
Order of the highest value among the orders placed in the above-mentioned period is an order placed by the Company on 8 December 2014 amounting to PLN 3,744,772.00 net (value in PLN by NBP average exchange rate on the day of placing the order).
Subject of the above-mentioned order is purchase of IT equipment for the needs of contracts performed by the Company.
Other conditions on which the subject order will be performed do not differ from standard conditions for such transactions; the order also does not include provisions concerning contractual penalties.
RMF of 19 February 2009 on current and periodic information, § 5 (1)(3)