Report No 17_2015_Conclusion of sale agreement of products to the Russian market

Report No: 17/2015
Date: 2015-05-29
Short name of the issuer: WILBO SA
Subject: Conclusion of sale agreement of products to the Russian market
Legal Basis: Art. 56 sec. 1 point 1 of the Act on Public Offering - confidential information
Management Board of Wilbo SA (the 'Issuer' or the 'Company') announces that on May 29, 2015, the Company entered into a commercial agreement ('Agreement') with 'Captain' Sp. z oo, registered in Kaliningrad, Russian Federation ('Captain').
The agreement concerns the sale of canned fish Issuer on the Russian market. Contract value is EUR 2 500 thousand. EUR, which corresponds to the equivalent of approx. 10,325 thousand. zł. whereby the parties agree for the possibility of increasing the value of the Contract.
The agreement will be implemented until December 31st, 2018.
In case of delay in delivery of goods Issuer in accordance with the deadlines set out in the Annexes to the Agreement, the Issuer shall pay a penalty amounting to 0.03% of the value of goods not delivered within the time limit for each day of delay.
The agreement has not been concluded subject to the a condition or term.
Contract does not include specific conditions that would differ from those commonly used for this type of agreement.
The criterion for significance of the agreement is worth 10% of the Issuer's sales revenue for the last four quarters.

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