No. 178/ 2015
| 30-12-2015
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 30 December 2015 it signed with Rosneft Oil Company, Moscow, Russia an annex to the agreement (“Annex”) signed on 1 February 2013 for crude oil deliveries to PKN ORLEN, in the quantity from 18 million tonnes to 25,2 million tonnes. The deliveries will be realized starting from 1 February 2016 to 31 January 2019.
The estimated maximum value of the deliveries, in current market conditions, by 31 January 2019 will amount to approximately PLN 26 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 Annex is a “significant agreement” due to the fact that its value exceeds 10% of PKN ORLEN’s equity.
See also: regulatory announcement no 47/2013 dated 1 February 2013.