Berg Holding S.A. w restrukturyzacji: Umowa spółki zależnej na dystrybucję pomp ciepła (2021-02-26)

The Management Board of Berg Holding S.A. based in Katowice [Company, Issuer] hereby informs that the following company NETSU S.A., the Issuer's subsidiary, concluded with MB Ventekonas UAD based in Kaunas, Lithuania [Buyer], a heat pump distribution agreement specifying general terms and conditions of cooperation [Distribution Agreement].

From the date of conclusion of this contract until its terminationm the Buyer shall act as a Distributor of heat pumps, storage tanks and buffers under the trade name NETSU on the Lithuanian market. At the same time Buyer declared to purchase at least one hunderd and fifty pumps unit in 2021. Under the concluded agreement, either party may terminate the Distribution Agreement with six months notice. Other terms and conditions of the Distribution Agreement do not differ from those commonly used for this type of agreements.

In the opinion of the Management Board ot the Issuer, the information about the conclusion of the Distribution Agreement is confidential information due to the fact that its execution will have a significant impact on the financial revenues of the Issuer's Capital Group.