Current report 18/2013 (2013-04-25)

Title: 

Conclusion of the agreement with ZTM in Lublin for delivery of trolleybuses

 Legal basis:

Art. 56 sec. 1 point 2 of the Act on Public Offering – current and periodical information

Message:

The Management Board of URSUS S.A. informs that on 25 April 2013 the Issuer concluded on behalf of the Consortium  Trolleybus URSUS (Contractor), composed of:  URSUS S.A. and the company of the Ukrainian law Przedsiębiorstwo Filialne „Zakład samochodowy Nr 1” Publiczna Spółka Akcyjna „Kampania samochodowa Bogdan Motors”, the agreement with the Urban Transport Board (Zarząd Transportu Miejskiego) in Lublin (Contracting Party) for  or "Supply and delivery of 38 units of new, low-floor trolleybuses maxi class city" . The conclusion of the agreement results from selecting the Issuer’s tender offer, about which the Issuer informed in the current report no. 5/2013 dated 20 February 2013.

The total net value of the agreement concluded by the Consortium is 52.820.000 PLN.

Trolleybuses constituting the subject of the agreement will be delivered by the Contractor in tranches till 30 March 2015.

The agreement was concluded according to conditions set out by the Contracting Party in the Specification of Essential Terms of the Order and its enclosures, available at http://bip.lublin.eu/bip/ztm/index.php?t=200&id=32672 .

The agreement includes provisions concerning contractual penalties. In the event the value of damage exceeds the amount of contractual penalties included in the agreement, the Contracting Party is permitted to claim compensation on general terms, in the amount equivalent to the full value of the damage.

The concluded agreement is considered material due to the fact that the total amount of the agreement exceeds 10% of the Issuer’s equity.

The legal grounds of transmission of the present report are § 5 sec. 1 point 3 in connection with § 9 the Regulation of the Minister of Finance dated 19 February 2009 regarding current and interim reports published by issuers of securities and the terms of finding as equivalent the information required under the laws of any non-member state (Journal of Laws, 2009 No 33, point 259 with subsequent changes).