Current report no : 70/2012
Report date : 12/18/2012
Abbreviated name : Ciech SA
Subject : Opening proceedings to secure claims against a subsidiary of the Issuer, dismissing a motion requesting security for claims
Legal basis : Article 56 section 1 item 2 of the Act on the Offering - current and interim information
Report :
The Management Board of Ciech SA [Issuer], acting pursuant to § 5 section 1 item 8 of the Ordinance of the Minister of Finance of February 19th, 2009 on Current and Periodic Information Provided by Issuers of Securities and the Conditions of Recognising as Equivalent Information Required by the Law Provisions of a Country which is not a Member State, reports that on December 17th, 2012 it received information about opening proceedings to secure claims against its subsidiary Zakłady Chemiczne Zachem SA with its registered office in Bydgoszcz [Zachem] on the basis of information received from Zachem about receipt of court correspondence by Zachem.
From the copy of the complaint delivered to Zachem it results as follows:
The Issuer regards the Motion and the complaint as groundless. In the Issuer's opinion, Air Products is not entitled to the pecuniary claim for which it is requesting security as the Contract was effectively terminated by Zachem and it was dissolved. As Zachem terminated the Contract on the ground of a breach thereof by Air Products, it is Zachem that is entitled to claim compensation from Air Products.
Signatures of the Company’s Representatives : Dariusz Krawczyk – President of the Management Board