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Current Report No. 4/2016

19.01.2016 15:20

Settlement of agreement with Kompania Węglowa

​In reference to current report No. 7/2013 dated 1 March 2013 the Management Board of TAURON Polska Energia S.A. (“Company”, “TAURON”) informs that on 19 January 2016 settlement of agreement with Kompania Węglowa was carried out, whose signing was reported by the Company in the abovementioned current report, and whose subject was purchase of hard coal by the Company (“Agreement”). The Agreement was signed for the period of three years, from 1 January 2013 until 31 December 2015 and its estimated value at the day of signing amounted to PLN 2.4 billion net.

Pursuant to the settlement, the value of turnover under the Agreement amounted to PLN 2.014 net, i.e. approx. 84% of the net value of the Agreement estimated initially and approx. 7% below the equivalent of 10% of Company’s equity used as the threshold value for material agreement as at the day of publication of the report.

Article 56 section 5 of the Act on public offering – update of information
 

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