Ciech

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CURRENT REPORTS

Closure of intangible fixed assets’ sales and assignment transaction

Current report no : 12/2013
Report date : 3/12/2013
Abbreviated name : Ciech SA
Subject : Closure of intangible fixed assets’ sales and assignment transaction 
Legal basis : Article 56, section 1, point 1 of the Public Offering Act – confidential information

Report : 

The Management Board of Ciech S.A. [the Issuer], with reference to the current report no. 41/2012 of 12 October 2012 regarding conditional contract for sales and assignment of intangible fixed assets connected with TDI production to the benefit of BASF Polska Sp. z o.o. [the Contract], concluded between the Issuer and the Issuer’s subsidiary Zakłady Chemiczne Zachem S.A. [Zachem] and companies BASF Polska Sp. z o.o. and BASF SE [Parties to the Contract], as well as with reference to the current report no. 11/2013 of 1 March 2013 regarding the realisation of conditions precedent to the Contract, informs that on 11 March 2013 Parties to the Contract conducted the activity of closing the transaction as agreed pursuant to the Contract by concluding a closure protocol – confirming an assignment of rights constituting an object of the Contract to BASF Polska Sp. z o.o. as of 11 March 2013. Furthermore, on 11 March 2013, price provided for pursuant to the Contract was paid to the benefit of the Issuer and Zachem.

Signatures of the Company’s Representatives : Dariusz Krawczyk – President of the Management Board


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