The Management Board of Grupa Kęty S.A. (hereinafter referred to as the Issuer) informs that on 26 February 2019, a subsidiary of the Issuer, i.e. Alupol Films Sp. z o.o. (hereinafter referred to as Company) signed an agreement with Basell Orlen Polyolefins Sprzedaż Sp. z o.o. on the purchase by the Company of raw materials for the manufacturing of BOPP (Biaxially Oriented Polypropylene Film), used in the manufacturing of packaging, among other things. The raw materials supply agreement shall be binding for the period from 1 January 2020 to 31 December 2020 and its estimated value based on the current market conditions (polypropylene granulate price and EUR/PLN exchange rate) amounts to approximately PLN 174 million.
Other terms and conditions of the agreement do not differ from the generally binding standards in that regard.
