The Management Board of CIECH S.A. (CIECH) has taken a decision today, i.e. 10 August 2016, on submission of an application for admission and introduction of the CIECH shares at the Stock Exchange in Frankfurt as part of the so-called “dual listing” process. This means that after a relevant decision of the Stock Exchange, CIECH, as the first Polish company, will be listed at the same time on two floors - in Warsaw and at the Europe’s third largest stock exchange – Börse Frankfurt. At the same time, it will still remain under the full supervision of the Financial Supervision Commission and it will be fully subject to the Polish legislation, and all the shares will be still deposited in the Polish Depository of Securities.

The decision of the Management Board of the company is another step in the implementation of a strategy of expansion of the leading Polish chemical company in international markets. 

• CIECH, as the first Polish company, will be listed at the Stock Exchange in Warsaw and at Börse Frankfurt at the same time;
• This is another step on the way to implementation of a strategy of expansion of the leading Polish chemical company in international markets;
• CIECH will be listed on the same floor as the largest European chemical companies, such as BASF and K+S, and will be subject to the same criteria of evaluation of the implementation of a strategy by international experts and analysts;
• The purpose of “dual listing” is to develop the investors base and focus on dynamic development and long-term building of the market value of the company for all shareholders. 

Being the largest soda producer in Central and Eastern Europe and one of the leading producer of plant protection chemicals, resins, PUR foams, silicates and glass, CIECH has ambitions to strengthen its position in international markets. Début in one o the most important stock exchanges in the world – the third largest stock exchange in Europie and the largest stock exchange in Germany as far as capitalization is concerned - will mean joining a group of the largest European companies from the chemical sector – such as BASF and K+S.  The choice of the Frankfurt stock exchange is also justified by the fact of conducting by the CIECH Group of a business activity in Germany – this is where one of its subsidiaries is located: CIECH Soda Deutschland.

“CIECH is the leading Polish company with global aspirations. In recent time, we have performed tremendous work to build the market value of the company, improve financial results and competitiveness. Today, we are ready to verify its potential by international experts and analysts who deal with an analysis of the leading chemical companies on an ongoing basis. We are interested in long-term building of the market value of the company and raising the investment attractiveness of CIECH. Dual listing is also another, important step in the implementation of the strategy whose purpose is to build a strong position of the company in the global market,” – said Maciej Tybura, the President of the Management Board of CIECH. 

The admission of the CIECH shares to listing in the General Standard segment, being a sub-segment of the regulated market of the Frankfurt Stock Exchange will also increase the recognition and reliability of the company among its business partners and global financial institutions. At the same time, it will give investors greater freedom in making transactions, it will increase a possibility of diversification of their portfolios, and will open up an opportunity for an increase in liquidity of trade in CIECH shares in the long term. 

The object of admission to trade in the regulated market in the General Standard segment being a sub-segment of the Stock Exchange in Frankfurt, will extend to all the 52,699,909 shares of CIECH. The shares of CIECH will continue to be listed at the regulated market of the Stock Exchange in Warsaw. Therefore, the shareholders will have a chance to have a higher possibility of choosing where their Ciech shares will be listed.

CIECH is an international, professionally-managed group with Polish roots, with a well-established position of a leader of the chemical sector in Central and Eastern Europe. It manufactures products which are used in the production of articles necessary in everyday life of people all over the world - state-of-the-art products of the highest, world quality. Taking advantage of the support of a reliable strategic investor, it implements the strategy of global development, extending its sales in world markets. At the same time, it combines the modern approach to business with production tradition which goes back to 1882.