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37/2015 Agreement exceeding the threshold of a significant agreement.


 

 


The Management Board of Gremi Media S.A. (the "Company", the "Issuer") announces that on October 15, 2015 the total value of agreements concluded by the Company together with its subsidiaries, the subsidiaries of Mr. Grzegorz Hajdarowicz reached gross PLN 7,105,879.26 i.e. value exceeding 10% of the equity of the Issuer.

The agreement of the highest value is the agreement for the provision of supporting services concluded on October 15, 2015 between subsidiaries of the Issuer and Mr. Grzegorz Hajdarowicz: Presspublica Sp. z o.o., with its registered office in Warsaw, and Gremi Business Communication Sp. z o.o., with its registered office in Warsaw, as the Service User (a subsidiary of Presspublica Sp. z o.o.)

The agreement defines the rules for the provision of services by Presspublica Sp. z o.o. to the extent specified by the Service User in particular contractual bookkeeping, financial consulting, legal, HR and payroll services and other services related to broadly defined business activity, including administrative office services.

The agreement was concluded for the period from October 16, 2015 to December 31, 2016.

In consideration for services related to the implementation of the Agreement The Service User will pay Presspublica Sp z o.o. a monthly remuneration in the amount of net PLN 116,843.03 based on the projected cost of the services covered by the contract plus a fixed margin.

The total estimated value of the agreement for the entire period was set at net PLN 1,694,223.94 i.e. gross PLN 2,083,895.44.

The agreement was concluded subject to the condition and does not contain any provisions on contractual penalties.

 

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