Legal attitude: Art. 17 para. 1 MAR - confidential information.
The Management Board of G-Energy S.A. (GENERGY, Spółka, Emitent) with its registered office in Warsaw informs that today, ie on 16/01/2019, it received a signed Agreement between Polska Spółka Gazownictwa sp. O.o. based in Tarnów, Oddział Gazowniczy in Wrocław, and the Issuer, with the expected signing of which GENERGY reported in the current report ESPI 37/2018.
Contract: Execution of gas connections, gas pipelines, sections of gas pipelines with connections at the Gas Department in Wrocław. Subcategory: Construction of medium-pressure gas pipelines, reference number: 2018 / W500 / WP-001035, on the basis of a framework contract in the areas of operation of the Gas Plant Division in Wrocław ("the network").
The subject of the order is: 1. The successive execution of gas connections in the mode of art. 29a of the Construction Law, where the Contractor is obliged to make a connection over 10 m3 / h with design documentation, 2. Making gas connections based on the design documentation provided by the Employer, 3. Making gas pipelines, sections of the gas pipeline with connections, based on documentation designed by the Employer, 4. Performing work accompanying the construction, referred to in point from 1) to 3) necessary for the comprehensive quality and full implementation of the subject of the order, covering the area (Subject of the Agreement) of the Wrocław poviat and the city of Wrocław (excluding the towns of Sobótka, Strzegomany).
The maximum value of the Order is PLN 47,000,000.00.
The remuneration is expressed in net amount and will be increased by VAT at the rate applicable on the day of execution of the given Order.
Settlement for executed Orders will take place on the basis of properly issued partial invoices (no more than three a month), covering in total not more than 90% of the remuneration specified in a single Order (partial invoices) and a correctly issued final invoice (Final invoice).
The Company will be entitled to remuneration depending on the actual scope of works performed, calculated on the basis of unit rates contained in the Agreement, based on the material scope performed included in the final acceptance protocol.
The contract has been concluded for a period of 24 (in words: twenty-four)months, with the proviso that at the indicated time the Employer has the right to award Orders and the Contractor is obliged to accept them, while the Parties have agreed that the term of the Agreement will be terminated upon completion of the works performed under all contracts awarded, i.e. the day on which according to the rule for calculating deadlines expressed in months, resulting from the Civil Code, expires 24 months from the day of signing the contracts.
The type and scope of works not provided for in the documentation, which prices do not include the contract, will be settled separately on the basis of an as-built costing report approved by the Employer using R, M, S price factors together with the Kp and Kz overheads and Profit based on average rates for a given voivodship announced in the "SEKOCENBUD" bulletin applicable in a given period in which additional works will be carried out, with the proviso that the final remuneration will be determined by way of negotiations between the parties.
The Purchaser is entitled to demand payment of contractual penalties for non-performance of the Task / Tasks covered by the Order on the date indicated in the Order as the date of preparation of the construction and execution design, technical acceptance date or final acceptance due to reasons attributable to the Contractor. The Ordering Party is entitled to demand from the Contractor the payment of the following contractual penalties: each day of delay in implementing the reconciliation documentation simplified by the Employer in relation to the date indicated in the Order - in the amount of 0.5% of the Net Salary specified in the Order, however, not more than 20% of this Remuneration , for each day of delay in returning the subject of the Order in relation to the date indicated in the Order - 0.5% of the Net Remuneration specified in the Order, however, not more than 50% of that Remuneration, for each day of delay in removing defects in the subject of the Order, counting from the expiry of the deadline by the Employer to remove defects - 0.5% of the Net Salary specified in the Order, however, not more than 40% of that; in the event of withdrawal from the Agreement by the Employer for reasons attributable to the Contractor (regardless of the legal basis) - in the amount of 5% of net remuneration. The total amount of contractual penalties due to the Ordering Party under the Agreement may not exceed 20%remuneration resulting from all orders.
The other detailed conditions of the above agreements do not differ from those commonly used in this type of contracts.
Art. 17 sec. 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the Market Abuse Regulation) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directive 2003 / 124 / EC, 2003/125 / EC and 2004/72 / EC (also known as MAR).
Source: company website, investor relations, current and periodic reports.