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Conclusion of a general insurance agreement with GOTHAER Towarzystwo Ubezpieczeń Joint Stock Company
Legal grounds:
Art. 56 Section 1 point 2 of the public offering Law – current and periodic information
Pursuant to §5 section 1 point 3 of the Regulation of the Minister of Finances dated 19 February 2009 on current and periodic information submitted by issuers of securities, the Management Board of INTERSPORT Polska S.A. Company with the seat in Cholerzyn informs that it has concluded a general agreement determining the terms and conditions of the insurance on the business activity of the Company with GOTHAER Towarzystwo Ubezpieczeń Joint Stock Company.
The agreement was concluded for the period of 2 years, i.e. from 25 September 2015 to 24 September 2017 and consists of two 1-year insurance policy periods. The first insurance policy period covers the period from 25.09.2015 to 24.09.2016, and the second insurance policy year the period from 25.09.2016 to 24.09.2017 on terms and conditions that do not deviate from the commonly used on the market for such agreements. The agreement does not include any provisions on penalties.
Pursuant to the agreement, the total sum of insurance (the value of the insured property) complete with the theft-limits within the all-risk property insurance agreement amounts to PLN 291,041,981.19, whereas the total sum of all-risk insurance (the value of the insured property) of the electronic equipment (including the theft-limits to the full amount of the sum of insurance) amounts to: PLN 1,362,857.33. The basic guarantee sum in the civil liability insurance on the conducted business activity and owned property amounts to PLN 10,000,000.
The scope of the insurance covered with the agreement also includes an additional insurance line: insurance of machinery against damage.
The Management Board of INTERSPORT Polska S.A. Company further informs that it has concluded cargo insurance agreement with AIG Europe Limited Spółka z ograniczoną odpowiedzialnością Branch in Poland. The said agreement was concluded for the period from 25 September 2015 to 24 September 2016.
The total value of the sum of insurance of the general agreement was adopted as the criterion of recognizing the agreement significant (more than 10% of the value of sales revenue of the Company for the period of the last four turnover quarters).
The agreement was concluded for the period of 2 years, i.e. from 25 September 2015 to 24 September 2017 and consists of two 1-year insurance policy periods. The first insurance policy period covers the period from 25.09.2015 to 24.09.2016, and the second insurance policy year the period from 25.09.2016 to 24.09.2017 on terms and conditions that do not deviate from the commonly used on the market for such agreements. The agreement does not include any provisions on penalties.
Pursuant to the agreement, the total sum of insurance (the value of the insured property) complete with the theft-limits within the all-risk property insurance agreement amounts to PLN 291,041,981.19, whereas the total sum of all-risk insurance (the value of the insured property) of the electronic equipment (including the theft-limits to the full amount of the sum of insurance) amounts to: PLN 1,362,857.33. The basic guarantee sum in the civil liability insurance on the conducted business activity and owned property amounts to PLN 10,000,000.
The scope of the insurance covered with the agreement also includes an additional insurance line: insurance of machinery against damage.
The Management Board of INTERSPORT Polska S.A. Company further informs that it has concluded cargo insurance agreement with AIG Europe Limited Spółka z ograniczoną odpowiedzialnością Branch in Poland. The said agreement was concluded for the period from 25 September 2015 to 24 September 2016.
The total value of the sum of insurance of the general agreement was adopted as the criterion of recognizing the agreement significant (more than 10% of the value of sales revenue of the Company for the period of the last four turnover quarters).
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