Execution of a confidentiality agreement with the General Directorate for National Roads and Motorways with a view to initiating discussion on a possible settlement with respect to mutual claims
Legal basis: Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC
The Management Board of "Polimex-Mostostal" SA having its registered office in Warsaw (hereinafter referred to as the "Company”) informs than, on 31 May 2017, the Company entered with the Treasury represented by the General Directorate for National Roads and Motorways into an agreement on confidentiality of sensitive data that may be provided in the course of discussion on a possible settlement with respect to mutual claims pursed by the parties in court proceedings or any other possible claims that may arise under contracts whose subject matter was:
- Design and construction of the A1 motorway, Stryków – Tuszyn junction along the section from km 295 + 850 (from Stryków 1 junction, without the junction to km 335+937.65),
- Construction of the S-69 Expressway Bielsko-Biała – Żywiec – Zwardoń, section "Mikuszowice” („Żywiecka/Bystrzańska”)–Żywiec junction, and
- Construction of the A-4 Motorway, section Rzeszów (Rzeszów Wschód junction) - Jarosław (Wierzbna junction) from km 581 + 250 to km 622 + 450.
The total value of the object of litigation resulting from pending court proceedings with respect to the foregoing contracts amounts to: (i) in action brought by the Company and its consortium members: PLN 507,527.243 (ii) in action brought by the Treasury represented by the General Directorate for National Roads and Motorways: PLN 503,879,704.77.