Wysogotowo, August 2nd 2015 Current Report No. 26/2015
|
|
- Kathryn Howard
- 6 years ago
- Views:
Transcription
1 Wysogotowo, August 2nd 2015 Current Report No. 26/2015 Subject: Execution of restructuring documents with Financial Creditors The Management Board of PBG S.A. w upadłości układowej (in company voluntary arrangement) (the Company, PBG ) announces that on July 31st and August 1st 2015 the Company and certain Arrangement Creditors holding Group 5 and Group 6 claims ( Financial Creditors ) executed agreements setting out the terms of restructuring of the Company s liabilities filed by the Financial Creditors in the course of the bankruptcy proceedings pending before the District Court for Poznań-Stare Miasto of Poznań, 11th Commercial Insolvency and Arrangement Division, court docket No. XI GUp 29/12 ( Arrangement ). One of the objectives of the agreements is to implement the Company s arrangement proposals of April 28th 2015 ( Arrangement Proposals ). The executed documents include in particular two key agreements, i.e. the Restructuring Agreement and the Issue and Agency Agreement, as well as a set of related documents. The documents define the terms of restructuring negotiated by the Company and its largest arrangement creditors since September 2013 (relevant information was published by the Company in Current Report No. 24/2013 of September 3rd 2013, and then referred to in Current Report No. 29/2013 of September 30th 2013, Current Report No. 7/2015 of April 13th 2015 and Current Report No. 9/2015 of April 20th 2015). The main objective of the agreements is to implement the Arrangement once it is approved by the Meeting of Creditors, convened by the Judge-Commissioner to be held on August 3rd 5th During the Meeting, creditors will vote on the Arrangement Proposals whereby PBG proposes payment from 8% to 21% of the value of the arrangement claims in instalments, in accordance with a payment schedule (i.e. from December 31st 2015 to June 30th 2020), and partial conversion of the arrangement claims into new PBG shares. The Company will also provide security for the arrangement claims in the form of pledges on shares of RAFAKO S.A. ( RAFAKO ), held directly and indirectly by PBG (see Current Report No. 13/2015 of April 29th 2015).
2 The Company expects that the key funding sources for the Arrangement will include: timeoptimised proceeds from divestment of non-core assets of the Company and PGB Group companies (the Divestment Plan), estimated to reach approximately PLN 400m over the entire term of the Arrangement (some of the expected proceeds have already been received), and profits from core business. I. Overview of the executed documents 1) Restructuring Agreement ( RA ): The RA sets out the framework for the Company s operations in the period until the court s decision to approve the Arrangement becomes final, and the timeline of actions that need to be taken to allow the Financial Creditors-signatories of the RA to vote in favour of the Arrangement; a. Parties: i. the Company; ii. PBG Oil and Gas Sp. z o.o. ( POG ); iii. certain subsidiaries, i.e. PBG Dom Sp. z o.o. ( PBG Dom ), PBG Erigo Sp. z o.o. ( PBG Erigo ), PBG Erigo Projekt Sp. z o.o. Ecoria II S.K.A. ( Ecoria II ), PBG Dom Invest X Sp. z o.o. Invest I S.K.A. ( Invest I ), PBG Erigo Projekt Sp. z o.o. Strzeszyn S.K.A. ( Strzeszyn ), PBG Erigo Projekt Sp. z o.o. Platan Hotel S.K.A. ( Platan ), PBG Erigo Projekt Sp. z o.o. Malta Hotel S.K.A. ( Malta ), Ecoria Sp. z o.o. ( Ecoria ), Wschodni Invest Sp. z o.o. ( Wschodni Invest ) and PBG Dom Invest Limited, a company under Cypriot law ( Invest Ltd. ) (jointly Obligor Companies ); iv. Mr Jerzy Wiśniewski ( Main Shareholder ); v. Financial Creditors, i.e. Bank Polska Kasa Opieki S.A., Bank Zachodni WBK S.A., Powszechna Kasa Oszczędności Bank Polski S.A., ING Bank Śląski S.A., Bank Millennium S.A., DNB Bank Polska S.A., Raiffeisen Bank Polska S.A., FM 2 of 12
3 Bank PBP S.A., KBC Parasol BIZNES Specjalistyczny Fundusz Inwestycyjny Otwarty, KBC Parasol Fundusz Inwestycyjny Otwarty, KBC Portfel VIP Specjalistyczny Fundusz Inwestycyjny Otwarty (jointly Financial Creditors ); vi. Under the RA, other Financial Creditors may accede to the agreement by submitting a unilateral representation; b. Key covenants: i. Corporate governance: The Company and the Main Shareholder will implement a corporate governance framework that will allow the Financial Creditors to participate in supervision of the Company s business; the Main Shareholder will remain on the Management Board. On the day on which the decision to approve the Arrangement becomes final, candidates nominated by the Main Shareholder will be appointed to the Management Board, and candidates nominated by the Main Shareholder and the Financial Creditors under a separate agreement between the Financial Creditors will be appointed to the Supervisory Board; ii. Business and financing of the Company and POG: The Company and the Main Shareholder will enter into the Conditional POG Share Sale Agreement whereby the Company will become the sole shareholder in POG once the decision to approve the Arrangement becomes final. The price, i.e. PLN 10,500,000 for the shares in POG, will be funded with proceeds from a loan advanced to PBG by the Main Shareholder and repayable after full repayment of Bonds. The operations of the Company and POG will be financed with (among other sources) proceeds from disposal of some of the assets, on the terms agreed upon with the Financial Creditors. The key rules of using the divestment funds are presented in section 2.b.ii below; iii. Issue of Bonds to eligible creditors: 3 of 12
4 The Issue and Agency Agreement sets out the terms of issue of Bonds to be offered, in accordance with the Arrangement Proposals, to the Financial Creditors holding Group 1, Group 3, Group 4, Group 5 and Group 6 claims ( Eligible Creditors ) once the decision to approve the Arrangement becomes final. Bonds will be issued at nominal value equal to the amount of the Eligible Creditor s arrangement claims outstanding after their reduction and conversion in accordance with the Arrangement. They will be acquired as part of the Arrangement, and as a new non-arrangement liability of the Company Bonds will be redeemable on the terms and conditions agreed in the Bond Programme; iv. Bond security: The Company and the Obligor Companies will provide security for Bonds, also in the form of their assets. Relevant details are presented in item III.1 below; v. Management of RAFAKO shares and POG shares: The Company will transfer RAFAKO shares from a Cyprus-based company to PBG and will retain a controlling interest in RAFAKO. The Company will execute a RAFAKO Shares Lock-up Agreement (with respect to shares held both directly and indirectly by the Company) and will pledge RAFAKO shares as collateral for Bonds. The Company will remain the sole shareholder in POG and will pledge POG shares as collateral for Bonds; vi. Issue of shares to the Financial Creditors as part of the Conversion: As a result of conversion of claims covered by the Arrangement ( Conversion ), the Financial Creditors will acquire Series H shares representing in total approximately 75% of the Company s post- Conversion share capital. Series H shares should be converted into bookentry form and admitted to trading within 10 (ten) months after the date when the decision to approve the Arrangement becomes final; 4 of 12
5 c. Selected covenants of the Financial Creditors: i. The Financial Creditors-signatories of the Restructuring Agreement will vote in favour of the Arrangement provided that no negative circumstances specified in the Restructuring Agreement occur; ii. Under the Restructuring Agreement, the creditors will facilitate divestment of assets by the Company and the Obligor Companies by successively releasing Bond security interests; d. Selected covenants of the Main Shareholder: i. Execution of the Conditional POG Share Sale Agreement and a loan agreement to finance the transaction; ii. Participation in new financing of PBG operations during the term of the Arrangement, up to a total amount of PLN 28m, including the loan indicated in item i above; iii. Execution of the PBG Shares Lock-Up Agreement for the period full repayment of Bonds by the Company; e. Term of the RA: The RA came into force on July 31st 2015 and will remain effective until the date of allotment of the first series of Bonds or until the date of a final decision to change the form of the Company s bankruptcy proceedings. The decisions adopted by the Company s General Meeting on May 22nd 2015 and by the Extraordinary General Meeting on July 31st 2015 fulfil the Company s obligations agreed upon in the course of negotiations with the Financial Creditors and confirmed by the execution of the Restructuring Agreement. 2) Issue, Agency and Co-Financing Agreement ( IACA ) Under the IACA, the Company appointed the issue agent, the paying agent and the depositary ( Issue Agent ), as well as the mortgage administrator, the pledge administrator and the security agent for future claims under Bonds ( Security Agent ). The parties to the IACA intend for Bonds to be listed on the BondSpot ATS or WSE ATS. 5 of 12
6 a. Parties: i. the Company; ii. Obligor Companies; iii. Pekao Investment Banking S.A. as the Issue Agent ( Issue Agent ); iv. Bank Polska Kasa Opieki S.A. - as the Paying Agent, the Depositary and the Security Agent ( Security Agent ); b. Material provisions of the IACA: i. Issue of Bonds: The Company is obliged to take all actions required to issue Bonds and to ensure that the Company and Obligor Companies provide related security; ii. Co-financing: A mechanism was defined whereby the Company and POG may use up to PLN 151m of proceeds from the Divestment Plan for day-to-day and new financing; the mechanism also provides for the Main Shareholder s additional contribution to the financing of the Company and POG of up to PLN 28m; c. Term of the IACA: The agreement expires upon the lapse of the Programme term, i.e. on June 30th 2020, and expiry of all claims of the Obligor Companies under the Bond issue. II. Selected terms of the Bond Issue Programme ( Programme or Issue Programme ): 1) Purpose: to partially satisfy the arrangement claims of the Company s Eligible Creditors by setting off the claims up to the amount equal to the sum of repayments against the issue price of Bonds. Bonds will be offered in private placement (Art of the Bond Act) after the decision to approve the Arrangement becomes final. 2) Type of Bonds: Bonds will be zero-coupon bearer securities, issued as part of the Programme in Series A, B, C, D, E, F, G, H, I, and J. The number of Bonds will be no 6 of 12
7 higher than 7,100,000 (seven million one hundred thousand) for each series and in aggregate for the entire Programme; 3) Nominal value: During the term of the Programme, the total nominal value of Bonds will not exceed PLN 710,000,000.00; 4) Redemption and interest: Bonds will not bear any interest. The final redemption date for the last Series of Bonds is June 30th The Company may redeem the Bonds early; 5) Security: see section III.1 below. More information on the Issue Programme will be published upon fulfilment of the conditions for submission of Invitations to Acquire Bonds, i.e. once the decision to approve the Arrangement becomes final. III. In the performance of the restructuring documents, the following documents were executed on July 31st and August 1st 2015: 1) Bond security documents. The documents create the highest ranking priority collateral, up to the maximum secured amount of PLN 1,065,000, (150% of the maximum amount of the Programme). The security interests will remain effective from the Bond issue date until expiry of the Secured Claims. The security interests encumber assets owned by the Company and the Obligor Companies, and together they are considered a significant asset (criterion: consolidated revenue for four quarters). The unit value of some of the assets exceeds the equivalent of EUR 1m. Bonds will be secured with: registered pledges over Company s shares in its subsidiaries; pledges over the Company s and its subsidiaries assets; mortgages on most of the real properties owned by the Company and its subsidiaries; security assignments of receivables under a) insurance contracts in respect of properties encumbered with mortgages, (b) loan agreements executed 7 of 12
8 between the Company and its subsidiaries, (c) loan agreements executed between the Company and POG; (d) intra-group service agreements and subcontractor agreement under construction contracts concluded by POG and the Company; registered pledges over receivables from bank accounts of some of the Company s subsidiaries; Where a security interest has been agreed upon but not created as at the date of the Issue and Agency Agreement, such security interest will be created as a successive security interest when given assets become available to the Company and its subsidiaries as additional collateral. a. Registered pledges over shares in certificated form, pledged under agreements executed with the Security Agent: i. registered pledge over 500,000 shares in Invest I with a total book value of PLN 7,862, and a total par value of PLN 50, Pledgors: PBG Dom Invest X and PBG Erigo; ii. registered pledges over: 1,250,000 shares in Złotowska 51, 500,000 shares in Ecoria II, 500,000 shares in Strzeszyn, 500,000 shares in Malta, 8,900,000 shares in Platan and 500,000 shares in Quadro, with the aggregate book value of PLN 3,767, Pledgors: PBG Dom Invest X, PBG Erigo and PBG Erigo Projekt. The registered pledge agreements referred to above cover shares representing 100% of the share capital and total voting rights in the each of the companies. The companies whose shares have been pledged as collateral are special purpose vehicles used by the Group to execute real estate development projects; b. Registered pledges over shares in book-entry form, with the Security Agent as a Party to the relevant registered pledge agreements and the Creditors who will Bonds in response to Invitations to Acquire Bonds as Beneficiaries: 8 of 12
9 i. registered pledge agreement with respect to 7,665,999 RAFAKO shares (in book-entry form) owned by the Company. The par value of the shares is PLN 15,331,998.00, and they represent 11.01% of the share capital and total voting rights in RAFAKO; ii. registered pledge agreement with respect to 34,800,001 RAFAKO shares (in book-entry form) owned by a subsidiary Multaros Trading Company Limited. The par value of the shares is PLN 69,600,002.00, and they represent 50.00%+1 of the share capital and total voting rights in RAFAKO; The value of the shares covered by the pledge agreements, as disclosed in the Company s books, is PLN 551,223,382.19; c. Agreements on registered pledge over the following equity interests, with the Security Agent as a party thereto and the Creditors who will acquire the Bonds as Beneficiaries: i. 50 shares in POG held by the Company, with a book value of PLN 5, and a par value of PLN 5,000.00, representing 25% of the share capital and total voting rights; ii. 37,740 shares in Wschodni Invest held by the Company, with a book value of PLN 41,615, and a par value of PLN 3,774,000.00, representing 100% of the share capital and total voting rights; iii. 120,000 shares in PBG Erigo held by the PBG Dom Invest Ltd., with a book value of EUR 1,380,132 and a par value of PLN 6,000,000.00, representing 54,55% of the share capital and total voting rights; iv. 4,000 shares in PBG DOM Invest Ltd. held by the PBG Dom, with a book value of PLN 21,301, and a par value of EUR 4,000.00, representing 100% of the share capital and total voting rights; v. 1,000 shares in Ecoria, 1,000 equity interests in PBG Erigo Projekt and 100 shares in PBG Dom Invest X held by PBG Erigo, with an aggregate book value of PLN 17, and an aggregate par value of PLN 60,000.00; d. Agreements on registered pledge over a set of movables and property rights: 9 of 12
10 i. the Company: pledge over a set of movables with a total value of PLN 196,268 thousand; ii. PBG DOM: pledge over a set of movables with a total value of PLN 10,390 thousand; iii. Wschodni Invest: pledge over a collection of movables with a total value of PLN 36,156 thousand; iv. pledge over a set of movables of Ecoria II, Invest I, Strzeszyn, Platan, Malta and Ecoria with a total value of PLN 5,221 thousand; e. Surety agreement executed between POG and the Security Agent, up to the amount representing 150% of the amount received by the Company to the divestment account, but no more than PLN 226,500,000.00, and surety agreements executed between the Obligor Companies (excluding PBG Erigo and PBG Dom Invest) and the Security Agent, up to the maximum secured amount of PLN 1,065,00,000.00, with the Security Agent acting on behalf and for the benefit of Bondholders, under which the Obligor Companies granted an irrevocable and unconditional surety (within the meaning of Art of the Polish Civil Code) for payment of the Secured Claims, including in particular the Company s obligation to make any and all payments under Bonds. Each Guarantor undertook to perform obligations under each Surety jointly with the Company if a delay occurs in the Company s performance of its obligations to pay the whole or any part of any amount due under the Secured Claims, in accordance with the contract terms; f. The Company and the Obligor Companies, excluding PBG Erigo and PBG Dom Invest, submitted declarations of submission to enforcement pursuant to Art of the Polish Code of Civil Procedure, up to the maximum secured amount of PLN 1,065,000,000.00; g. Assignments of receivables and rights under existing and future insurance contracts and loan agreements to secure claims: i. assignment of the Company s receivables under (a) insurance contracts in respect of Encumbered Properties charged with Mortgages, (b) loan 10 of 12
11 agreements between the Company and the Guarantors, (c) loan agreements between the Company and POG; (d) intra-group service agreements concluded by POG and the Company and subcontractor agreements under construction contracts; ii. security assignment of receivables of PBG Dom under insurance contracts in respect of Encumbered Properties charged with Mortgages and loan agreements between PBG and the Guarantors, granted in favour of the Bond Security Agent; iii. security assignment of receivables of PBG Erigo under insurance contracts in respect of moveables and agreements on loans advanced by PBG Erigo to Guarantors, granted in favour of the Bond Security Agent; iv. security assignment of receivables of Invest I under insurance contracts in respect of Encumbered Properties charged with Mortgages, granted in favour of the Bond Security Agent; v. security assignment of receivables of Platan under insurance contracts in respect of Encumbered Properties charged with Mortgages, granted in favour of the Bond Security Agent; vi. security assignment of receivables of Ecoria under insurance contracts in respect of Encumbered Properties charged with Mortgages, granted in favour of the Bond Security Agent; vii. security assignment of receivables of Erigo IV sp. z o.o. S.K.A. under loan agreements between Erigo IV sp. z o.o. S.K.A. and the Guarantors, granted in favour of the Security Agent; h. Registered pledges over bank accounts: i. registered pledge over receivables arising under the Company s Divestment Account agreement; ii. registered pledge over bank accounts of PBG Dom, PBG Erigo, Ecoria II, Invest I, Strzeszyn, Platan, Malta, Ecoria; i. Agreement for creation of contractual joint mortgages on the following properties: 11 of 12
12 i. properties owned by the Company with a total book value of PLN 19,540,837.60; ii. property owned by Platan with a total book value of PLN 32,443,076.75; iii. property owned by Malta with a book value of PLN 16,507,797.88; iv. property owned by Invest I with a book value of PLN 9,551,990.35; v. properties owned by PBG DOM with a total book value of PLN 1,588,000.00; Legal basis: Par. 5.1) and Par. 5.3) of the Minister of Finance s Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state, dated February 19th 2009 (Dz. U. No. 33, item 259, as amended). For PBG S.A.: Magdalena Eckert 12 of 12
To: Bank Polska Kasa Opieki S.A. Ul. Żwirki i Wigury Warsaw, Poland
To: Bank Polska Kasa Opieki S.A. Ul. Żwirki i Wigury 31 02-091 Warsaw, Poland POSITION OF A BONDHOLDER OF PBG S.A. OF WYSOGOTOWO Regarding: A request from PBG Spółka Akcyjna of Wysogotowo, Poland ( PBG
More informationCurrent Report No. 28/2012 Wysogotowo, May 15th 2012
Current Report No. 28/2012 Wysogotowo, May 15th 2012 Subject: Conclusion of negotiations and execution of standstill agreement on temporary and conditional suspension of enforcement of debt covenants Further
More informationFINANCIAL STATEMENTS
FINANCIAL STATEMENTS FOR THE PERIOD JANUARY 1ST DECEMBER 31ST WYSOGOTOWO, MARCH 23RD 2015 1 2 TABLE OF CONTENTS 1. FULL-YEAR FINANCIAL STATEMENTS... 6 1.1. STATEMENT OF FINANCIAL POSITION... 6 1.4. STATEMENT
More informationBANK GUARANTEE FUND LAW
BANK GUARANTEE FUND LAW dated December 14, 1994 on the Bank Guarantee Fund (uniform text)* C h a p t e r 1 General Article 1 1 This Law lays down: 1) principles for establishment and operation of the mandatory
More informationARTICLES OF ASSOCIATION OF IPOPEMA SECURITIES S.A. (consolidated text, incorporating the amendments of June 29th 2011)
APPENDIX TO IPOPEMA SECURITIES S.A. S CURRENT REPORT NO. 24/2011 OF OCTOBER 18TH 2011 ARTICLES OF ASSOCIATION OF IPOPEMA SECURITIES S.A. (consolidated text, incorporating the amendments of June 29th 2011)
More informationARTICLES OF ASSOCIATION POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI SPÓŁKA AKCYJNA
ARTICLES OF ASSOCIATION POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI SPÓŁKA AKCYJNA I. General provisions 1 1. Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna, further in the Articles of Association
More informationARTICLES OF ASSOCIATION POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI SPÓŁKA AKCYJNA
ARTICLES OF ASSOCIATION POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI SPÓŁKA AKCYJNA (the text of the Articles of Association including amendments arouse from the resolutions: - No. 3/2011 of the EGM of PKO
More informationQuarterly Report (SA-Q) of AB S.A. for the period (date of publication: )
Quarterly Report (SA-Q) of AB S.A. for the period 01.03.2007 31.03.2007 (date of publication: 07.05.2007) 1. Selected Financial Data 1 quarter accrued / period from 01.01.2007 to 31.03.2007 in thousand
More informationSCHEDULE NO. 3 TO THE RESTRUCTURING AGREEMENT DRAFT RESOLUTION OF THE GENERAL MEETING REGARDING THE DECREASE OF THE COMPANY S SHARE CAPITAL
SCHEDULE NO. 3 TO THE RESTRUCTURING AGREEMENT DRAFT RESOLUTION OF THE GENERAL MEETING REGARDING THE DECREASE OF THE COMPANY S SHARE CAPITAL RESOLUTION NO. [1] OF THE EXTRAORDINARY GENERAL MEETING OF PBG
More informationCurrent Report No 34/2012. Art. 56 par. 2 pt. 1 of the Public Offering Act - current and periodic information
Major credit agreement of ZPUE S.A. and subsidiaries Art. 56 par. 2 pt. 1 of the Public Offering Act - current and periodic information The Management Board of ZPUE S.A. in Włoszczowa hereby announces
More informationmbank Hipoteczny S.A.
Supplement Supplement dated 25 November 2014 mbank Hipoteczny S.A. Issue of Mortgage Covered Bonds for a total amount of EUR 50,000,000 Series HPE9 under the Covered Bond Issue Programme of up to PLN 6,000,000,000
More informationCORPORATE CHARTER POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI SPÓŁKA AKCYJNA
CORPORATE CHARTER POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI SPÓŁKA AKCYJNA I. General provisions 1 1. Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna, hereinafter referred to as the Bank, is a bank
More informationmbank Hipoteczny S.A.
Supplement Supplement dated 30 July 2014 mbank Hipoteczny S.A. Issue of Mortgage Covered Bonds for a total amount of PLN 200,000,000 Series HPA23 under the Covered Bond Issue Programme of up to PLN 6,000,000,000
More informationThe Midas Spółka Akcyjna Capital Group
The Midas Spółka Akcyjna Capital Group Consolidated quarterly report for the 3-month and 9-month period ended 2013 QSr 3/2013 Place and date of publication: Warsaw, 14 November 2013 CONTENT OF THE REPORT:
More informationmbank Hipoteczny S.A.
Supplement Supplement dated 30 November 2015 mbank Hipoteczny S.A. Issue of Mortgage Covered Bonds for a total amount of PLN 255,000,000 Series HPA27 under the Covered Bond Issue Programme of up to PLN
More informationThe Annual General Meeting of Multimedia Polska S.A. resolves to elect. as Chairman of the Meeting. The resolution takes effect upon adoption.
Resolution no. 1 of Gdynia regarding the election of Chairman Acting in accordance with Art. 409.1 of the Commercial Companies Code and Par. 19.1 of the Company s Statutes, the Annual General Meeting in
More informationmbank HIPOTECZNY S.A.
mbank HIPOTECZNY S.A. Warsaw, 9 October 2017 Issue of mortgage covered bearer bonds for a total nominal value of PLN 1,000,000,000 Series HPA32 issued under the mortgage covered bond issuance program of
More informationZAKŁADY AZOTOWE W TARNOWIE-MOŚCICACH S.A.
ZAKŁADY AZOTOWE W TARNOWIE-MOŚCICACH S.A. DECLARATION ON APPLICATION OF THE CORPORATE ORDER 2010 DECLARATION ON APPLICATION OF CORPORATE GOVERNANCE In accordance with par. 29, sec. 5 of the Byelaws of
More information30. Interest-Bearing Loans and Borrowings
30. InterestBearing Loans and Borrowings 30. InterestBearing Loans and Borrowings 000 2007 (audited) (audited) loans 3,879,749 1,333,917 Borrowings 39,856 26,219 Total 3,919,605 1,360,136 Including: noncurrent
More informationEnclosure to Supervisory Board Resolution 35/17 dated 7 December BY-LAWS OF mbank SPÓŁKA AKCYJNA I. GENERAL PROVISIONS
Enclosure to Supervisory Board Resolution 35/17 dated 7 December 2017 BY-LAWS OF mbank SPÓŁKA AKCYJNA I. GENERAL PROVISIONS 1 mbank Spółka Akcyjna is a bank acting on the basis of the present By-laws,
More informationReport on Compliance with the Corporate Governance Rules by AB S.A.
Report on Compliance with the Corporate Governance Rules by AB S.A. Table of Contents 1. Indication of corporate governance rules applicable to AB S.A.... 3 2. Indication of corporate governance rules
More information1. Assessment of the company's standing in 2010
Assessment of CIECH S.A.'s standing in 2010 conducted by the Supervisory Board of CIECH S.A., including the internal control system and the system for managing the Company's material risks Acting pursuant
More informationMANAGEMENT BOARD REPORT ON THE OPERATIONS OF ROBYG S.A. FOR THE YEAR ENDED 31 DECEMBER 2013
MANAGEMENT BOARD REPORT ON THE OPERATIONS OF ROBYG S.A. FOR THE YEAR ENDED 31 DECEMBER 2013 Warsaw, 19 March 2014 1 1. BASIC INFORMATION ABOUT THE COMPANY ROBYG S.A., a joint-stock company (the Company
More informationStatutes of Bank Zachodni WBK S.A. (the consolidated text) I. General Provisions
Statutes of Bank Zachodni WBK S.A. (the consolidated text) I. General Provisions 1. 1. The name of the Bank is Bank Zachodni WBK Spółka Akcyjna. 2. The Bank may use the short names "Bank Zachodni WBK SA."
More informationmbank HIPOTECZNY S.A.
mbank HIPOTECZNY S.A. Warsaw, 19 June 2018 Issue of mortgage covered bearer bonds for a total nominal value of up to PLN 300,000,000 Series HPA33 issued under the mortgage covered bond issuance program
More informationmbank HIPOTECZNY S.A.
mbank HIPOTECZNY S.A. Warsaw, 26 September 2016 Issue of mortgage covered bearer bonds for a total nominal value of EUR 13,000,000 Series HPE14 issued under the mortgage covered bond issuance program of
More informationBank finance and regulation. Multi-jurisdictional survey. Poland. Enforcement of security interests in banking transactions
Bank finance and regulation Multi-jurisdictional survey Poland Enforcement of security interests in banking transactions Ewa Butkiewicz and Krzysztof Wojdyło Wardynski & Partners, Warsaw ewa.butkiewicz@wardynski.com.pl/krzysztof.wojdylo@wardynski.com.pl
More informationARTICLES OF ASSOCIATION (STATUT) CAPITAL PARK SPÓŁKA AKCYJNA (Joint-Stock Company) I. GENERAL PROVISIONS
CONSOLIDATED TEXT INCLUDING AMENDMENTS ADOPTED BY THE ORDINARY MEETING OF SHAREHOLDERS BY RESOLUTION No 18/06/2018 of 29 June 2018 ARTICLES OF ASSOCIATION (STATUT) CAPITAL PARK SPÓŁKA AKCYJNA (Joint-Stock
More informationThis document is a translation of a document originally issued in Polish. The only binding version is the original Polish version.
Independent Registered Auditor's Opinion To the General Meeting of Shareholders and the Supervisory Board of Powszechna Kasa Oszczędności Bank Polski SA We have audited the accompanying consolidated financial
More informationEXTENDED CONSOLIDATED FINANCIAL STATEMENT for H of DEKPOL Capital Group
EXTENDED CONSOLIDATED FINANCIAL STATEMENT for H1 2016 of DEKPOL Capital Group Pinczyn, 29 August 2016 Spis treści 1 Interim condensed consolidated financial statement for H1 2016... 3 1.1 Interim consolidated
More informationPBG Group s financial performance in Q1 2012
PBG Group s financial performance in Q1 2012 Warsaw, May 16th 2012 1 Key events at the PBG Group in Q1 2012 and YTD MONTH EVENT January 2012 Mr Jerzy Wiśniewski, PBG s CEO, acquired 135,670 shares of PBG
More informationRESOLUTION of the Extraordinary General Meeting of Bank Zachodni WBK S.A. (draft) re. appointing Chairman of the Meeting
re: item 2 of the agenda RESOLUTION of the Extraordinary General Meeting of Bank Zachodni WBK S.A. (draft) re. appointing Chairman of the Meeting Extraordinary General Meeting shall elect the Chairman
More informationSTATUTES of Multimedia Polska Spółka Akcyjna (a joint-stock company) with registered office in Gdynia
STATUTES of Multimedia Polska Spółka Akcyjna (a joint-stock company) with registered office in Gdynia GENERAL PROVISIONS 1 The Company's business name shall be Multimedia Polska Spółka Akcyjna (a joint-stock
More informationTENDER OFFER TO SUBSCRIBE FOR THE SALE OF SHARES OF POLENERGIA S.A. ANNOUNCED BY PGE POLSKA GRUPA ENERGETYCZNA S.A.
THIS DOCUMENT CONSTITUTES SOLELY A TRANSLATION AND THE TENDER OFFER FOR THE SALE OF THE SHARES IN POLENERGIA SPÓŁKA AKCYJNA (THE TENDER OFFER ) IS CONDUCTED ON THE BASIS OF THE POLISH LANGUAGE TENDER OFFER
More informationTHE ARTICLES OF ASSOCIATION OF WIRTUALNA POLSKA HOLDING SPÓŁKA AKCYJNA (unified text) I. GENERAL PROVISIONS 1
THE ARTICLES OF ASSOCIATION OF WIRTUALNA POLSKA HOLDING SPÓŁKA AKCYJNA (unified text) I. GENERAL PROVISIONS 1 The Company shall operate under the name of: Wirtualna Polska Holding Spółka Akcyjna and it
More informationThis document is a translation of a document originally issued in Polish. The only binding version is the original Polish version.
Independent Registered Auditor s Opinion To the General Meeting of Shareholders and the Supervisory Board of We have audited the accompanying financial statements of Powszechna Kasa Oszczędności Bank Polski
More informationZAKŁADY AZOTOWE W TARNOWIE-MOŚCICACH S.A.
ZAKŁADY AZOTOWE W TARNOWIE-MOŚCICACH S.A. DECLARATION ON APPLICATION OF THE CORPORATE ORDER 2011 DECLARATION ON APPLICATION OF CORPORATE GOVERNANCE In accordance with par. 29, sec. 5 of the Byelaws of
More informationUnconsolidated Financial Statements of Bank Pekao S.A. for the year ended on 31 December 2015 Warsaw, February 2016
a This document is a free translation of the Polish original. Terminology current in Anglo-Saxon countries has been used where practicable for the purposes of this translation in order to aid understanding.
More informationConsolidated Financial Statements of Bank Pekao S.A. Group for the period ended on 31 December 2014
This document is a free translation of the Polish original. Terminology current in Anglo-Saxon countries has been used where practicable for the purposes of this translation in order to aid understanding.
More informationThe Warsaw Stock Exchange Articles of Association
The Warsaw Stock Exchange Articles of Association (consolidated text adopted by the Company s Extraordinary General Meeting on 30 July 2010 and amended by the Company s Extraordinary General Meeting on
More informationADDITIONAL INFORMATION to the abridged financial statements SA-QSr2 / 2006
ADDITIONAL INFORMATION to the abridged financial statements SA-QSr2 / 2006 1. Accounting principles and methods, assets and liabilities valuation methods as of the balance sheet day and profit and loss
More informationAdditional information (notes) to the Interim Condensed Financial Statements for the period of 9 months ended 30 September 2017
Additional information (notes) to the Interim Condensed Financial Statements for the period of 9 months ended 30 September 2017 1) General information about the GetBack Capital Group GetBack S.A. ( Company,
More informationCHARTER OF ING BANK ŚLĄSKI SPÓŁKA AKCYJNA. 1. The business name of the Bank shall be: ING Bank Śląski Spółka Akcyjna.
CHARTER OF ING BANK ŚLĄSKI SPÓŁKA AKCYJNA Consolidated Text As adopted by way of the ING Bank Śląski S.A. Supervisory Board Resolution No. 58/XII/2015 of 17 September 2015, recorded under Rep. A No. 1023/2015,
More informationLithuania Civil Code (entered into force on 1 July 2001)
Lithuania Civil Code (entered into force on 1 July 2001) Important Disclaimer This does not constitute an official translation and the translator cannot be held responsible for any inaccuracy or omission
More informationGlobal Restructuring & Insolvency Guide
Global Restructuring & Insolvency Guide Poland General Comments The Law on Bankruptcy and Reorganization of 28 February 2003 (Journal of Laws 2009 No. 175, item 1361) (the Act ) came into force on 1 October
More informationPGE Polska Grupa Energetyczna S.A.
Condensed interim separate financial statements prepared in accordance with International Financial Reporting Standards for the 3-month and 9-month period ended September 30, 2012. TABLE OF CONTENTS STATEMENT
More informationBy Agnieszka Tułodziecka, Polish Mortgage Credit Foundation and Krzysztof Dubejko, mbank Hipoteczny
POLAND 3.24 POLAND By Agnieszka Tułodziecka, Polish Mortgage Credit Foundation and Krzysztof Dubejko, mbank Hipoteczny I. FRAMEWORK The legal framework for Polish covered bonds (Listy Zastawne, also LZ)
More informationCONSOLIDATED FINANCIAL STATEMENT OF ZPUE S.A. CAPITAL GROUP FOR THE 3RD QUARTER OF 2012
CONSOLIDATED FINANCIAL STATEMENT OF ZPUE S.A. CAPITAL GROUP FOR THE 3RD QUARTER OF 2012 WŁOSZCZOWA, NOVEMBER 2012 LIST OF CONTENTS 1. Condensed Consolidated Financial Statement for the 3rd Quarter of 2012
More informationLC CORP S.A. SHORT INTERIM FINANCIAL STATEMENTS FOR A PERIOD OF 6 MONTHS ENDED ON 30 JUNE 2016 INCLUDING THE AUDITOR'S REVIEW REPORT
LC CORP S.A. SHORT INTERIM FINANCIAL STATEMENTS FOR A PERIOD OF 6 MONTHS ENDED ON 30 JUNE 2016 INCLUDING THE AUDITOR'S REVIEW REPORT Short interim statement of financial position 3 Short interim statement
More informationMANAGEMENT'S BOARD REPORT ON THE OPERATIONS OF LC CORP S.A. IN 2015
MANAGEMENT'S BOARD REPORT ON THE OPERATIONS OF LC CORP S.A. IN 2015 Wrocław, 7 March 2016 Rules for drawing up the annual financial statements of the LC Corp S.A. Pursuant to the provisions of the Accounting
More informationDOM DEVELOPMENT S.A. CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD OF 12 MONTHS ENDED ON 31 DECEMBER
DOM DEVELOPMENT S.A. CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD OF 12 MONTHS ENDED ON 31 DECEMBER 2007 PREPARED IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS Introduction to the
More informationFinancial Statements 2001 Fortis Bank Polska SA
Financial Statements 2001 Fortis Bank Polska SA Table of contents Auditor s opinion to the shareholders of Fortis Bank Polska SA 2 Introduction 3 Balance sheet 11 Profit and loss statement 14 Movements
More informationAbbreviated financial statement of Bank Zachodni WBK SA
Abbreviated financial statement of Bank Zachodni WBK SA 1. Income statement of Bank Zachodni WBK S.A... 3 2. Balance sheet of Bank Zachodni WBK S.A.... 4 3. Movements on equity of Bank Zachodni WBK S.A...
More informationCAPITAL GROUP SPÓŁKA AKCYJNA CONSOLIDATED PERIODIC REPORT OF BEST S.A. CAPITAL GROUP FOR Q1 2015
CAPITAL GROUP SPÓŁKA AKCYJNA CONSOLIDATED PERIODIC REPORT OF BEST S.A. CAPITAL GROUP FOR Q1 2015 GDYNIA, 14 MAY 2015 CONTENTS: I. SELECTED FINANCIAL DATA OF THE CONSOLIDATED PERIODIC REPORT OF BEST S.A.
More informationRESOLUTION NO [ ] OF THE EXTRAORDINARY GENERAL MEETING OF BNP PARIBAS BANK POLSKA SPÓŁKA AKCYJNA WITH ITS REGISTERED OFFICE IN WARSAW.
SCHEDULE 2 TO THE MERGER PLAN Draft resolution of the General Meeting of BNP Paribas Bank Polska S.A. on the Merger of BNP Paribas Bank Polska S.A. and Bank Gospodarki Żywnościowej S.A. and consent for
More informationMonday Development SA Consolidated Annual Report
Monday Development SA Consolidated Annual Report 2012 CONTENTS I. LETTER TO SHAREHOLDERS, INVESTORS AND PARTNERS... 3 II. SELECTED FINANCIAL DATA... 4 III. FINANCIAL STATEMENTS... 5 IV. MANAGEMENT REPORT
More informationFinal Terms dated 5 January AXA BELGIUM FINANCE (NL) B.V. Issue of OPTINOTE MULTISTEP 2 Guaranteed by AXA BANK EUROPE SA.
Final Terms dated 5 January 2012 AXA BELGIUM FINANCE (NL) B.V. Issue of OPTINOTE MULTISTEP 2 Guaranteed by AXA BANK EUROPE SA under the AXA BELGIUM FINANCE (NL) B.V. and AXA BANK EUROPE SA EUR 1,000,000,000
More informationCAPITAL GROUP CONSOLIDATED PERIODIC REPORT OF BEST S.A. S CAPITAL GROUP FOR Q1 2016
CAPITAL GROUP CONSOLIDATED PERIODIC REPORT OF BEST S.A. S CAPITAL GROUP FOR Q1 2016 GDYNIA, 10 MAY 2016 1 CONTENTS I. SELECTED FINANCIAL DATA OF THE CONSOLIDATED PERIODIC REPORT OF BEST S.A. S CAPITAL
More information2011 Annual Report Directors Report. Supplement
2011 Annual Report Directors Report Supplement 20 th March 2012 1 Appendix no. 1 The Company s Shareholders The shareholding structure According to the Company s information, as at the date of submitting
More informationARTICLES OF ASSOCIATION OF GETIN HOLDING SPÓŁKA AKCYJNA
ARTICLES OF ASSOCIATION OF GETIN HOLDING SPÓŁKA AKCYJNA Uniform text of Articles of Association of Getin Holding Spółka Akcyjna, drawn up on 14.02.1996, including amendments adopted by Company s General
More informationIndependent registered auditor s opinion To the General Shareholders Meeting and the Supervisory Board of Powszechna Kasa Oszczędności Bank Polski SA
Independent registered auditor s opinion To the General Shareholders Meeting and the Supervisory Board of Powszechna Kasa Oszczędności Bank Polski SA PricewaterhouseCoopers Sp. z o.o. Al. Armii Ludowej
More informationINTERIM FINANCIAL STATEMENTS OF THE POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI SPÓŁKA AKCYJNA GROUP FOR THE THIRD QUARTER OF 2009
PKO BANK POLSKI SPÓŁKA AKCYJNA INTERIM FINANCIAL STATEMENTS OF THE POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI SPÓŁKA AKCYJNA GROUP FOR THE THIRD QUARTER OF 2009 Prepared in accordance with International
More informationBank Zachodni WBK S.A.
BASE PROSPECTUS Bank Zachodni WBK S.A. (incorporated as a joint stock company in the Republic of Poland) EUR5,000,000,000 Euro Medium Term Note Programme Under this EUR5,000,000,000 Euro Medium Term Note
More informationMAIN BENEFITS OF THE LAW ON FINANCIAL COLLATERAL ARRANGEMENTS
MAIN BENEFITS OF THE LAW ON FINANCIAL COLLATERAL ARRANGEMENTS TABLE OF CONTENT Introduction 3 Scope of the law 1. Rationae personae 3 2. Rationae materiae 3 3. Financial collateral arrangements and netting
More informationInterim report on activities of Aplitt S.A. for the First Half of 2016
Interim report on activities of Aplitt S.A. for the First Half of 2016 Gdańsk, 26 August 2016 Basic information on the Company Name (enterprise): Aplitt Spółka Akcyjna Registered Office: Gdańsk Address:
More informationARTICLES OF ASSOCIATION OF GETIN HOLDING Spółka Akcyjna
ARTICLES OF ASSOCIATION OF GETIN HOLDING Spółka Akcyjna Uniform text of Articles of Association of Getin Holding Spółka Akcyjna drawn up on 14.02.1996, including amendments adopted by the Company s General
More informationSCHEDULE NO. 9 TO THE RESTRUCTURING AGREEMENT THE COMPANY S ARTICLES OF ASSOCIATION AFTER THE RESTRUCTURING
SCHEDULE NO. 9 TO THE RESTRUCTURING AGREEMENT THE COMPANY S ARTICLES OF ASSOCIATION AFTER THE RESTRUCTURING ARTICLES OF ASSOCIATION OF THE JOINT-STOCK COMPANY I. Business Name, Registered Office, Object,
More informationGreece. Country Q&A Greece Restructuring and Insolvency 2005/06. Johnny Vekris and George Bersis, PI Partners. Country Q&A SECURITY AND PRIORITIES
Greece Restructuring and Insolvency 2005/06 Greece Johnny Vekris and George Bersis, PI Partners www.practicallaw.com/a47896 SECURITY AND PRIORITIES 1. What are the most common forms of security taken in
More informationThe following document is a free translation of the 3Q 2018 report of CPD S.A. published on 27 th of November 2018.
Q U A R T E R L Y R E P O R T FOR III QUARTER OF 2018 QUATERLY REPORT FOR 3 rd QUARTER 2018 TRANSLATORS EXPLANATORY NOTE The following document is a free translation of the 3Q 2018 report of published
More informationGreensands Holdings Limited (incorporated with limited liability in Jersey with registered number 98700)
Southern Water (Greensands) Financing plc (incorporated with limited liability in England and Wales with registered number 7581353) 1,000,000,000 Guaranteed Secured Medium Term Note Programme unconditionally
More informationPROPOSED TERMS AND CONDITIONS OF THE OPG CONVERSION
ORCO PROPERTY GROUP S.A. 42 rue de la Vallée L-2661 Luxembourg Luxembourg R.C.S. Luxembourg B 44996 (the Company or OPG ) BONDS OF ORCO PROPERTY GROUP S.A. VAR/2011 ISSUE DATE FEBRUARY 3, 2006 ISIN CZ0000000195
More informationLONG-FORM AUDITORS REPORT SUPPLEMENTING THE INDEPENDENT AUDITORS OPINION ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER
LONG-FORM AUDITORS REPORT SUPPLEMENTING THE INDEPENDENT AUDITORS OPINION ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2009 I. GENERAL NOTES 1. Background ING Bank Śląski S.A. (hereinafter
More informationManagement Report on the activities of ABC Data Capital Group for the 2013 financial year
Management Report on the activities of ABC Data Capital Group for the 2013 financial year Warsaw, 17 March 2014 Table of contents 1 Introduction... 4 2 Organizational and capital relations of... 4 2.1
More informationI. GENERAL PROVISIONS
ARTICLES OF ASSOCIATION OF SELENA FM S.A. I. GENERAL PROVISIONS 1 The Company was established by way of transformation of Selena FM sp. z o.o. (limited liability company) into a joint stock company (S.A).
More informationINFORMATION MEMORANDUM DATED October 17, 2013
INFORMATION MEMORANDUM DATED October 17, 2013 CANADIAN IMPERIAL BANK OF COMMERCE (a Canadian chartered bank) CAD 15,000,000,000 Global Covered Bond Programme unconditionally and irrevocably guaranteed
More informationCondensed Unconsolidated Interim Financial Statements of Bank Pekao S.A. for the period from 1 January 2018 to 30 June 2018 Warsaw, August 2018
Condensed Unconsolidated Interim Financial Statements of Bank Pekao S.A. for the period from 1 January 2018 to 30 June 2018 Warsaw, August 2018 This document is a free translation of the Polish original.
More informationSEPARATE FINANCIAL STATEMENTS FOR 2016
SEPARATE FINANCIAL STATEMENTS FOR 2016 Gdynia, 11 April 2017 CONTENTS These separate financial statements contain: I. SEPARATE STATEMENT OF FINANCIAL POSITION... 3 II. SEPARATE STATEMENT OF COMPREHENSIVE
More informationA C T. on amending the Covered Bonds and Mortgage Banks Act and other acts 1)
A C T Draft, version dated 09 July, 2015 on amending the Covered Bonds and Mortgage Banks Act and other acts 1) Article 1. The following amendments are introduced in the Covered Bonds and Mortgage Banks
More informationTHE LONG-TERM INCENTIVE PROGRAM
Resolution No. 1 of the Extraordinary General Meeting of Pfleiderer Group S.A. with its registered seat in Wrocław dated 18 October 2017 regarding the determination of the terms of the long-term incentive
More informationTHE REGULATIONS FOR THE CREDIT SERVICES OF BANK BGŻ BNP PARIBAS S.A. Dated 1 November 2018
THE REGULATIONS FOR THE CREDIT SERVICES OF BANK BGŻ BNP PARIBAS S.A. (refers to services provided by Raiffeisen Polbank as part of business activity taken over by Bank BGŻ BNP Paribas S.A.) Dated 1 November
More informationUniKorona Zrównoważony
28 February 2018 page 1 UniFundusze Fundusz Inwestycyjny Otwarty Investment policy The purpose of the sub-fund is the long- -term increase in the value of its assets as a result of investing in stocks
More informationRadpol S.A. Capital Group
Radpol S.A. Capital Group REPORT ON THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENT AS OF 31.12.2013 Table of contents Page 1. GENERAL PART 1.1 Capital Group's identification data 4 1.2 The legal basis
More informationSTATUTE DOM DEVELOPMENT SPÓŁKA AKCYJNA. Company may use the abbreviation Dom Development S.A. organizational units within the area of its activity.
STATUTE DOM DEVELOPMENT SPÓŁKA AKCYJNA 1 GENERAL PROVISIONS 1.1 The Company shall do business as: Dom Development Spółka Akcyjna. The Company may use the abbreviation Dom Development S.A. 1.2 The Company's
More informationRussia Takeover Guide
Russia Takeover Guide Contact Vassily Rudomino VRudomino@alrud.com Contents Page INTRODUCTION 1 THE REGULATION OF TAKEOVERS 1 ORDINARY AND PRIVELLEGED SHARES, CONVERTIBLE SECURITIES 1 ACQUISITION OF MORE
More informationInterim condensed consolidated financial statements for the three months ended March 31st 2014
The IPOPEMA Securities Group Interim condensed consolidated financial statements for the three months ended March 31st 2014 Warsaw, May 14th 2014 Contents Financial highlights... 3 Interim condensed consolidated
More informationUnconsolidated Financial Statements of Bank Pekao S.A. for the period ended on 31 December 2011
This document is a free translation of the Polish original. Terminology current in Anglo-Saxon countries has been used where practicable for the purposes of this translation in order to aid understanding.
More informationManagement Board Report on the operations of Arctic Paper S.A. to the report for the year 2014
TRANSLATORS EXPLANATORY NOTE The following document is a free translation of the report of the above-mentioned Company. In the event of any discrepancy in interpreting the terminology, the Polish version
More informationMULTIMEDIA POLSKA GROUP. Report for Three and Twelve Months Ended 31 December 2009
Report for Three and Twelve Months Ended 31 December 2009 TABLE OF CONTENTS 1. Description of the Organisation of Multimedia Polska Group... 3 2. Related Party Transactions... 3 3. Court, Arbitration or
More informationTo the General Shareholders Meeting and the Supervisory Board of BRE Bank SA
Independent Registered Auditor s Opinion Independent Registered Auditor s Opinion To the General Shareholders Meeting and the Supervisory Board of BRE Bank SA We have audited the accompanying consolidated
More informationReport of the management board of the company AB S.A. for the first half year 2010/2011. covering the period from to
Report of the management board of the company AB S.A. for the first half year 2010/2011 covering the period from 01-07-2010 to 31-12-2010 25-02-2011 TABLE OF CONTENTS I) INTRODUCTION... 4 II) BASIC INFORMATION
More informationAll 6 members of the Supervisory Board attended the meeting voted for their approval.
Resolution no 3/2010 on: auditing of the report of the Executive Board on activity of Apator SA in the period since 1 st January 2009 till 31 st December 2009 and the report of the Executive Board on activity
More informationThe resolutions adopted by the Extraordinary General Meeting of the Company convened for 24 August 2018
The resolutions adopted by the Extraordinary General Meeting of the Company convened for 24 August 2018 Resolution No. 1 of the Extraordinary General Meeting of the Company Bank BGŻ BNP Paribas S.A. dated
More informationTERMS AND CONDITIONS OF FINORA CAPITAL OÜ NOTE ISSUE DATED 5 MARCH 2015
TERMS AND CONDITIONS OF FINORA CAPITAL OÜ NOTE ISSUE DATED 5 MARCH 2015 1. GENERAL PROVISIONS 1.1. These Terms and Conditions of the Note Issue (the Terms) regulate: 1.1.1. the rights and obligations of
More informationMANAGEMENT REPORT ON THE OPERATIONS OF THE MIDAS CAPITAL GROUP IN 2013
MANAGEMENT REPORT ON THE OPERATIONS OF THE MIDAS CAPITAL GROUP IN 2013 Warsaw, 21 March 2014 Table of contents 1 ORGANISATION OF THE MIDAS CAPITAL GROUP... 3 1.1.1 Changes in the structure of the Midas
More informationMEMORANDUM OF ASSOCIATION OF ALIOR BANK SPÓŁKA AKCYJNA
MEMORANDUM OF ASSOCIATION OF ALIOR BANK SPÓŁKA AKCYJNA (JOINT STOCK COMPANY) 1 1 In case of any misreading between the Polish text and a translation into any other language, the Polish version shall always
More informationCondensed Unconsolidated Interim Financial Statements of Bank Pekao S.A. for the period from 1 January 2014 to 30 June 2014
Condensed Unconsolidated Interim Financial Statements of Bank Pekao S.A. for the period from 1 January 2014 to 30 June 2014 Table of content Warsaw, August 2014 This document is a free translation of the
More informationING Bank Śląski S.A. Group
Quarterly consolidated report for the 3 quarter 2016 Contents Interim consolidated financial statements of the ING Bank Śląski S.A. Group Selected financial data from financial statements 1 Interim condensed
More informationANNUAL FINANCIAL STATEMENTS OF CAPITAL PARK S.A. FOR THE PERIOD JANUARY 1ST DECEMBER 31ST 2013 FINANCIAL STATEMENTS CAPITAL PARK S.A.
'000) (PLN FINANCIAL STATEMENTS CAPITAL PARK S.A. 2013 1 Representation of Capital Park S.A.'s Management Board on the reliability of the financial statements The Management Board of Capital Park S.A.
More informationMEMORANDUM OF ASSOCIATION OF ALIOR BANK SPÓŁKA AKCYJNA (JOINT STOCK COMPANY) 1
MEMORANDUM OF ASSOCIATION OF ALIOR BANK SPÓŁKA AKCYJNA (JOINT STOCK COMPANY) 1 1 In case of any misreading between the Polish text and a translation into any other language, the Polish version shall always
More informationThe Warsaw Stock Exchange Articles of Association
The Warsaw Stock Exchange Articles of Association (consolidated text adopted by the Company s Extraordinary General Meeting on 30 July 2010 and amended by the Company s Extraordinary General Meeting on
More information