Current report 34/20132013-12-12

Current report no. 34/2013                                                                                                                

Title:

Receipt of funds from subsidy within the Operational Programme Development of Eastern Poland 2007-2013

Legal basis:

Art. 56 sec. 1 point 1 of the Act on Public Offering – confidential information

Message:

The Management Board of URSUS S.A. hereby informs that on 11 December 2013 the Issuer received a part of the first installment of co-financing within the project „Infrastructure of research and development facilities to ensure innovative market position of the company” in the amount of 750 000 PLN, which in total will amount to  912 750 PLN.

The above-mentioned project is implemented within the Operational Programme Development of Eastern Poland 2007-2013, Priority Axis I Modern Economy, task I.3 Supporting innovativeness. Owing to the received co-financing the Company is developing in the main seat of the Company in Lublin a modern infrastructure necessary to conduct research and development works for the purpose of the Company operation.

The Issuer informed about the received co-financing and the agreement of the project co-financing concluded with PARP in the Current report no. 26/2013. The total amount of co-financing will not exceed 8 040 243 PLN, while the estimated total cost of the project execution will amount to 23 641 562,44 PLN net.

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