INVEST IN TALEX

INVESTORS

Current report no. 21/2011

Date of issue: 2011-08-05

Name of issuer: TALEX

Subject: Concluding an agreement with Bank Handlowy S.A

Legal basis: Art. 56 (1) (2) of the Act of 29th July 2005 on public offerings - current and periodical information

The contents of the report:

Management of Talex S.A. informs that the Company has received information on concluding the annex of 29 July 2011 to the agreement of 15 July 2009 (RB 15/2009/) with Bank Handlowy S.A. in Warsaw (Bank).

The subject of the agreement is the delivery of services of Bank's technological infrastructure.

Under the signed annex the term of the agreement shall be extended for a period of subsequent 3 years. Remuneration due to the Company for providing services under the agreement is assessed at PLN 4.7 million net, for the period of three years. The actual value of the remuneration depends on the periodically updated number of devices subjected to servicing and the number of additional services subcontracted to the Company. The agreement provides for contractual penalties due to the delay in provision of services. The contractual penalties shall be calculated for each hour delay in the provision of services, which is counted with regard to the deadlines specified for each device. The agreement does not specify the maximum amount of penalties. Payment of contractual penalties does not exclude the possibility of damages claims in excess of the amount of those penalties. The criterion for considering the agreement significant: the amount of equity.

 

TALEX SA declares that corporate documents and financial reports are published in English for information purposes only. TALEX SA is not liable for the accuracy of the translation of the original documents in Polish. The original versions of that documents are available at the management board office in Poznań, Karpia Street 27d.

Talex S.A.

ul. Karpia 27d
61-619 Poznan, Poland
tel. +48 61 827 5500
fax: +48 61 827 5599


KRS: 0000048779
NIP: 782-00-21-045
Regon: 004772751
Shared capital: PLN 3 000 092



Talex S.A., Talex S.A.
Talex S.A.

ul. Karpia 27d
61-619 Poznan, Poland
tel. +48 61 827 5500
fax: +48 61 827 5599


Registered: 0000048779
IN VAT: 782-00-21-045
Regon: 004772751
Shared capital: PLN 3 000 092