Current report no 68/2014 of 23 December 2014 – Orders meeting criterion of substantial agreement

Management Board of Qumak S.A. (hereafter referred to as the Company) informs that on 23 December 2014 the Company placed orders in Integrated Solutions Sp. z o.o., which meet a criterion of substantial agreement.


Total value of trade with Integrated Solutions Sp. z o.o. (value of orders placed and received by the Company from this entity), during the period since the last current report no 66/2014 has been published on 11 December 2014, including the transaction of 23 December 2014, exceeds the equivalent of 10% of the Company’s equity and amounts to PLN 12,631,196.46 net, what makes the orders considered as substantial.


Order of the highest value among the orders placed in and received from Integrated Solutions Sp. z o.o. in the above-mentioned period is an order placed by the Company on 23 December 2014 amounting to PLN 3,950,688.47 net (value in PLN by NBP average exchange rate on the day of placing an order). Subject of the above-mentioned order is purchase of IT equipment and services 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.


Legal ground:

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