Legal basis
Art. 56 paragraph 1 item 2 of the Public Offering Act - current and periodic information
Contents of the report:
The Management Board of Barlinek S.A., based in Kielce ("the Issuer") hereby announces that on 18 April 2011 it received an agreement signed by and between the Issuer and Byggmax AB, Armegatan 40, S-171 71 Solna, Sweden, Byggmax Norge AS, Filialen Byggmax AB Finland, Svea Distribution AB.
The subject of the agreement is to determine the principles of commercial cooperation between the parties in the field of sales of Barlinek S.A. products on the Swedish, Norwegian and Finnish markets.
The agreement was signed for a period of one year, i.e. until 31 December 2011, with the option to extend it. The provisions of the contract do not differ from the conditions generally applied to a given type of contract.
In the Contract contractual penalties exceeding 10% of the value of the Contract are not envisaged nor penalties exceeding the equivalent in Polish złotys of the sum of 200,000 Euro.
This is considered to be a major agreement, as its estimated value exceeds 10% of Barlinek SA’s equity capital.
Legal basis:
Paragraph 5 section 1 item 3 of the Ordinance of the Minister of Finance of 19th February 2009 (Journal of Laws No 33, item 259) regarding current and periodic information to be submitted by issuers of securities and the conditions for recognition as equivalent of the information whose disclosure is required under the laws of a state which is not an EU member state.