Current report no 69/2014 of 31 December 2014 – Company placing order meeting criterion of substantial agreement

Management Board of Qumak S.A. (hereafter referred to as the Company) informs that on 30 December 2014 placed an order in Arrow ECS Sp. z o.o. meeting criterion of substantial agreement.

 

Total value of trade with Arrow ECS Sp. z o.o. during the period of the last 12 months exceeds the equivalent of 10% of the Company’s equity and amounts to PLN 9,869,910.30 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 30 December 2014 amounting to PLN 2,885,300.00 net. Subject of the above-mentioned order is purchase of IT hardware and software, as well as 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)