The Management Board of WASKO SA (the Issuer) hereby publishes information on signing on 13 February 2020. subcontract with AŽD Praha sro, based in Prague (Employer).

The contract covers the supply and installation of the system with the launch of a dynamic passenger information and monitoring system on the railway line E59 / Episode Wronki elephant in connection with the execution by the Purchaser signed with PKP Polish Railway Lines SA agreement dated 01.27.2020 r. Number 90/107 / 0001 twentieths / Z / I (procedure PLK number 9090 / IRZR3 / 12422/03334 nineteenths / P), pn. Installation of traffic control devices and signaling devices of railway telecommunication network section Wronki-elephant, from km 53.500 to km 81.877 (Local Control Center and Signaling (LCS) in Poznan) and from km 81.877 to km 128.680 (Local Control Center and Signaling ( LCS) in Stargard) implemented the project 'work on the railway line E 59, section Wronki-elephant'.

Under the agreement WASKO SA will perform works including:
- the supply and commissioning of Dynamic Passenger Information System,
- supply and commissioning of Video Surveillance system,
- supply and start Audio System,
- performance LAN.

The value of the agreement amounts to 13,378,570.00 zł net (say: 13378570 00/100) ie. Gross 16,455,641.10 zł. Deadline for execution of the contract was set at 03.31.2023 r.

WASKO SA from the date of issue by the Investor Acceptance Certificate, give u 72-month warranty.

The agreement provides in particular the following penalties:
- in the case of the breach, any of the steps specified in the Schedule Financial-material (HRF) - 0.02% of the net value of the stage to which the delay for each day of delay, but not later than 30 days Issuer's body;
- if the period of delay in execution stage will exceed 30 days - 0.03% of the net phase to which the delay for each day of delay from the 31 day delay;
- in case of withdrawal from the contract by the Employer for reasons attributable to the Issuer, 10% of the net;
-Łączna amount of accrued liquidated damages by the Purchaser pursuant to this Agreement may not exceed 20% of net remuneration.

The Employer has the right to claim additional compensation, in excess of the stipulated in the agreement of contractual penalties, the general principles of the Civil Code, with the proviso that the total liability of Subcontractors to the Purchaser under or in connection with this Agreement, including contractual penalties is limited to 100% of total net contractual remuneration.

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WASKO SA published this content on 13 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2020 13:41:06 UTC