The Management Board of Poznańska Korporacja Budowlana Pekabex S.A. (“the Issuer”) informs that the Issuer’s subsidiary – Pekabex Bet S.A. (“the Company”) has concluded a contract today with TB Development Sp. z o.o. (“Subcontractor”), the detailed terms and conditions of which are set out below:
Subject of the contract: comprehensive execution of earthworks and roadworks by the Subcontractor as part of the investment task of constructing a production and warehouse center with social and office segments, a gatehouse, a water tank for firefighting purposes with a pumping station, squares, parking lots and the necessary elements of technical infrastructure in relation to the contract concluded by the Company with PDC Industrial Center 163 Sp. z o.o.
Contract value: 2% of the revenues of the Pekabex Group according to the last published annual consolidated financial statements (in full percentages)
Works/delivery start date: 24.05.2021
Works/delivery completion date: 30.06.2022
Warranty period: 60 months
Statutory warranty period: 60 months
Performance bond: 10% of the contract value
Retention bond: 5% of the contract value
Limit of contractual penalties which may be imposed on the contractor/supplier: 100% of the 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.