Report 14/2024 - Signing a contract for the construction of storage tanks for PERN SA
The Management Board of Mostostal Warszawa S.A. (‘Company’, ‘Issuer’) informs that on 04.06.2024 the Consortium of Mostostal Warszawa S.A. (‘Leader’) and Mostostal Płock S.A. (‘Partner’) - a subsidiary of the Issuer (48.69% of shares, 53.10% of votes at the GM) concluded with PERN S.A. (‘Principal’) a contract worth PLN 181.72 million gross for the following task: ‘Construction of three tanks with a capacity of 50,000 m3 each for the storage of Class III petroleum products together with the accompanying infrastructure at the Fuel Depot No. 21 in Dębogórze ’.
‘Construction of three tanks with a capacity of 50,000 m3 each for the storage of Class III petroleum products, together with associated infrastructure at the Fuel Depot No. 21 in Dębogórze’.
- Value: PLN 181.72 million gross.
- Issuer's share in the Consortium: 27,92%
Main provisions of the contract:
- Completion date: 72 weeks
- Payment term: 30 days from the date of delivery of a correctly issued invoice to the Purchaser
- Maximum guarantee period: 60 months
- Performance bond: 10% of the net remuneration in the form of a bank or insurance guarantee.
In the opinion of the Management Board, the above Agreement, due to its significant value, may have a potentially significant impact on the Company's future financial results.