Conclusion of agreement with Michelin
Acting pursuant to Article 17 point 1 of the MAR Regulation, the Management Board of Synthos S.A. (the "Issuer") states, that on 26.08.2016 an addendum (Addendum) to the license agreement dated 05.10.2007 was concluded between Compagnie Générale des Etablissements Michelin with its seat at Clermont-Ferrand, France; Michelin Recherche et Technique S. A. with its seat at Granges-Paccot, Switzerland as a licensors (both jointly referred to as Michelin) and Synthos S.A. as licensee. The Addendum provides for capacity extension of the granted license, enabling Synthos to produce up to 132 000 t of Nd-BR synthetic rubber on the basis of a granted license.
The remuneration for extension of license will comprise of a fixed fee and royalties for sold licensed product.
29th August 2016
This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.
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