Signing three contracts for obtaining funds for MODE S.A. fair projects

30 December 2019
Category: Grants

MODE360°

The Management Board of Mode S.A. with its registered office in Straszyn informs that on December 30, 2019 three contracts for obtaining funds for projects being a part of a grant project “Pomeranian Export Broker. A comprehensive export support system in the Pomeranian Voivodeship” were signed with the Pomerania Development Agency (Agencja Rozwoju Pomorza S.A.). The aim of these projects is the participation of the Company in foreign trade fairs in order to promote the equipment offered by the Company and to open new sales channels.

These Agreements apply respectively to:

obtaining funds from the Pomerania Development Agency for the implementation of the project “Pomeranian Export Broker supporting the development of export activities of MODE S.A. in Germany, USA and Italy”, hereinafter referred to as “Project 1” and defining the rights and obligations of the Parties to this agreement related to the implementation of Project 1. Project 1 will be implemented in the period from January 1, 2020 to October 31, 2020. The total cost of Project 1 implementation is PLN 112 838.47, with the total eligible expenditure of Project 1 in the amount of PLN 111 873.76, including co-financing from the European funds budget in the amount not exceeding PLN 55 936.88 and own contribution in the amount of PLN 55,936.88. The funds will be transferred to the Company in the form of reimbursement of a part of the incurred eligible expenses;

obtaining funds from the Pomerania Development Agency for the implementation of the project “Pomeranian Export Broker supporting the development of export activities of MODE S.A. in Great Britain, Italy, Denmark and Germany”, hereinafter referred to as “Project 2” and defining the rights and obligations of the Parties to this agreement related to the implementation of the project. Project 2 will be implemented in the period from January 1, 2020 to October 31, 2020. The total cost of Project 2 implementation is PLN 115 676.23, with the total eligible expenditure of Project 2 in the amount of PLN 114 362.54, including co-financing from the European funds budget in in the amount not exceeding PLN 57 181.27 and own contribution in the amount of PLN 57 181.27. The funds will be transferred to the Company in the form of reimbursement of a part of the incurred eligible expenses;

obtaining funds from the Pomerania Development Agency for the implementation of the project “Pomeranian Export Broker supporting the development of export activities of MODE S.A. in Germany and Spain“, hereinafter referred to as “Project 3” and defining the rights and obligations of the Parties to this agreement related to the implementation of Project 3. Project 3 will be implemented in the period from January 1, 2020 to October 31, 2020. The total cost of Project 3 implementation is PLN 112,458.90, with the total eligible expenditure of Project 3 amounting to PLN 112,011.12, including co-financing from the European funds budget in the amount not exceeding PLN 56 005,56 and own contribution in the amount of PLN 56 005.56. The funds will be transferred to the Company in the form of reimbursement of a part of incurred eligible expenses.

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