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Current report no 36 / 2016
Date: May 16, 2016
Annex to the Insurance Guarantees Agreement with Ergo Hestia
The Management Board of Budimex SA reports that on 16 May 2016, Budimex was notified about concluding an Annexe to the Agreement with Sopockie Towarzystwo Ubezpieczeń Ergo Hestia SA with the seat in Sopot, concerning cooperation in the scope of granting insurance guarantees within the assigned guarantee limit of 18 May 2009, of which the Company informed in its current reports No 01/2011, No 19/2011, No 09/2012, No 18/2013 and No 96/2014.
As agreed in the Annexe, the total guarantee amount for all guarantees issued under the Agreement shall not exceed PLN 170,000,000.
Other provisions of the Agreement remain unchanged.
The value of the Agreement exceeds 10% of Budimex SA’s own capital.
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