Current Report No.: 2/2018
Date of publication: 3.01.2018
Short name of issuer: Enea S.A.
Subject: Conclusion of an agreement with Polska Grupa Górnicza Sp. z o.o. for coal purchases
Legal basis: Article 17 item 1 of MAR - confidential information
Content of report:
The Management Board of Enea S.A. ("Issuer") informs that on 3 January 2018 the Issuer's subsidiary, i.e. Enea Trading Sp. z o.o., received a bilaterally signed agreement for the purchase from Polska Grupa Górnicza Sp. z o.o. of coal in the period covering the years of 2018 - 2021 (Agreement). The Agreement was concluded for the needs of the power units of Enea Elektrownia Połaniec S.A., and the total net value of the Agreement is PLN 1,490,414,000.
The Agreement foresees the provisions typical for this type of agreements as regards the potential possibility and limits of calculating contractual penalties due to non-performance or improper performance of the subject of the Agreement due to the fault of one Party. At the same time, each party may claim supplementary damages under general terms if the contractual penalties do not cover the damage incurred.
The other terms of the Agreement, including those relating to the termination or dissolution of the Agreement, do not diverge from the market conditions applied in this type of agreements.