Microsoft Word - 9_2015-Zawarcie znaczących umów przez spółki grupy kapitałowej emitenta - zmiana dostawcy gazu .docx
Końskie, 26 of August 2015
Polish Financial Supervisory Authority
Warsaw Stock Exchange
Polish Press Agency
Current report 9/2015
Topic: Significant agreements signed by issuer and its subsidiaries - the change of the natural gas supplier.
Ceramika Nowa Gala SA (company) informs that in connection with signing on the 26 of August 2015 year by the Company and its subsidiaries Ceramika Gres SA and Ceramika Nowa Gala II sp. z o.o three agreements that jointly meet the criteria of a significant agreement, Company publishes information in accordance with § 9 point 8) Regulation of the Minister of Finance dated on 19 February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required the laws of a non-member state.
Parties of the agreements: Ceramika Nowa Gala SA with its registred office in Końskie, Ceramika Gres SA with its registred office in Końskie, Ceramika Nowa Gala II sp. z o.o. with its registred office in Końskie and RWE Polska SA with its registered office in Warsaw ("Seller").
All of the above agreements are concluded for a fixed term until 31 December 2016 and estimated, the total value during the term of the contracts amounts to 30.100 thousands zlotys.
Subject and essential terms of the contract with the highest value concluded by Ceramika Nowa Gala SA:
- agreement regulates the conditions of purchase to cover all the company's demand for natural gas;
- the price which the company will pay for receiving fuel gas will be calculated based on GAS_BASE contracts traded on the Commodity Derivatives Market and the price index POLPX-gas traded on TGE and will be increased by Seller's margin. In case of significant differences between actual and forecasted gas consumption actual purchase price may be subject to further adjustment;
- in addition to the gas fuel price the company will be liable to pay to the Seller charges for distribution according to the current tariff of Distribution System Operator;
- under the contract, Seller has received the company's authorization to carry out the process of changing the existing supplier and notification of this change in accordance with the terms of the "Traffic and maintenance instructions for the distribution network" developed by the Distribution System Operator;
- each party of has the right to terminate the agreement in writing with a 3-month notice period, but in that case, the party concerned shall be obliged to pay a penalty. The calculation of the penalty will be based on the difference between the amount of gas ordered and actually purchased during the contract period multiplied by the difference between the actual price of gas purchases during the contract, and the weighted average daily price of the purchase or sale of gas fuel specified by the Transmission System Operator GAZ- SYSTEM on the effective date of termination, adjusted by a factor specified in the contract;
- the estimated agreement value over its duration is 13.300 thousands zlotys.
Legal basis: § 5 sec. 1 pt. 3 Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state