No. 177/ 2015
| 23-12-2015
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 23 December 2015 it signed an agreement (“Agreement”) with Tatneft Europe AG, Switzerland, for crude oil deliveries, in the quantity from 3,6 million tonnes to 7,2 million tonnes, to PKN ORLEN. The deliveries will be realized starting from 1 January 2016 to 31 December 2018.
In the Agreement there have been set liquidated damages in the amount not higher than ca. PLN 2 million monthly.
The estimated maximum value of the deliveries by 31 December 2018 will amount to approximately PLN 7,4 bn.
In accordance with the “Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information to be published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state” the abovementioned Agreement is a “significant agreement” due to the fact that its value exceeds 10% of PKN ORLEN’s equity.