Current report no. 22/2011
Date of issue: 2011-08-16
Name of issuer: TALEX
Subject: Concluding an agreement with the Information Society Development Foundation
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 today the Company has received information on concluding the agreement of 12 August 2011 with the Information Society Development Foundation (FRSI - Fundacja Rozwoju Społeczeństwa Informacyjnego) with its seat in Warsaw (Foundation).
The subject of the agreement is the delivery of IT solutions to public libraries throughout the country as a part of the second round of the Library Development Program of the Polish-American Freedom Foundation (see Current Report 1/2010).
Remuneration for executing the subject of the agreement is estimated at PLN 7.2 million gross.
The maximum amount of contractual fines is limited to 10% of the total remuneration. In case when contractual fines due to the Foundation achieve the highest value, the Foundation will be entitled to terminate the contract immediately.
Paying contractual fines does not exclude the possibility of demanding by the Foundation compensation claims exceeding the amount of those fines.
Criterion for the recognition agreement as 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.