11/2022 Conclusion of a settlement with the Employer

The Management Board of Trakcja S.A. (‘the Company’) informs that today, the Company together with the following consortia: AB Kauno tiltai with its registered office in Kaunas, Lithuania and Masfalt sp. z o.o. with its registered office in Pruszków (hereinafter jointly referred to as ‘the Contractor’) concluded a settlement with the Employer, i.e. the Treasury – the General Directorate for National Roads and Motorways (‘the Employer’) concerning the dispute with regard to the execution of the investment entitled ‘Expansion of national road no. 22 at Czarlin – Knybawa section’ (‘the Contract’).
On the grounds of the settlement, all existing and potential mutual claims between the Contractor and the Employer concerning the Contract, have been settled. As a result of concluding the settlement, the Employer will pay the Company the amount of PLN 4,989,270.56 gross. Conclusion of the settlement will have a positive impact on the financial result of the Company and the Group for the 1st quarter of 2022 in the amount of PLN 926K.

Legal grounds: Article 17 MAR