Subject:
Signing of a Significant Contract by a subsidiary of ERBUD S.A. (Issuer) - IKR GmbH with a value of PLN 124.3 million.
Legal basis:
Article 17(1) MAR - confidential information
Report content:
The Issuer’s Management Board hereby announces that on August 07, 2024, it received information from its subsidiary IKR GmbH that it had signed a Significant Construction Contract with Siegfried PharmaChemikalien Minden GmbH under the following terms and conditions:
Investor (exact name and registered office): Siegfried PharmaChemikalien Minden GmbH, Karlstrasse 15, 32423 Minden
Parent company: Siegfried AG, Switzerland
Contract value: EUR 28,950,000 net / PLN 124,264,980 net
Subject of the Contract: Construction of piping, insulation, purchase of materials, scaffolding for the production plant and building I804.
Place of the Contract performance: Karlstraße 15, 32423 Minden / Germany
Completion dates: Construction commencement: 16.09.2024, construction completion: 31.07.2025
Payment terms: 20% advance payment, 75% payable in monthly instalments, 5% payable upon acceptance and handover of documentation/guarantee
Performance bond (value, duration): 10% of the Contract value (EUR 2,895,000) - 12 months
Retention bond (term, value): 5% of the Contract value (EUR 1,447,500) - 60 months
Advance repayment guarantee: 20% of the Contract value (EUR 6,890,100) - 12 months
Penalties/sanctions: Contractual penalty: 0.2% per delay for each calendar week started, max. 5% of the Contract value (EUR 1,447,500).