The Management Board of Poznańska Korporacja Budowlana Pekabex S.A. (“the Issuer”) informs that the Issuer’s subsidiary – FTO Fertigteilwerk Obermain GmbH (“the Company”) has concluded a contract today with Max Bögl Fertigteilwerke GmbH & Co KG (“the Purchaser”), the detailed terms and conditions of which are set out below:
Subject of the contract: manufacture and delivery of precast elements for an investment in Michelsrombach
Contract value: 3% of the revenues of the Pekabex Group according to the last published annual consolidated financial statements (in full percentages)
Delivery start date: July 2021
Delivery completion date: March 2022
Defects notification period: 5 years and 6 months
Performance bond: 10% of the net contract value
Retention bond: 5% of the net contract value
Limit of contractual penalties which may be imposed on the supplier: 5% of the net contract value
The possibility of claiming supplemental compensation: yes
Other terms and conditions of the contract deviating from those typical for this contract type: none
The reason for deeming the Information material: The contract value exceeds 5% of the value of the Issuer’s consolidated equity according to the last published annual consolidated financial statements.