Ciech

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CURRENT REPORTS

Termination of arbitration proceedings of Issuer’s subsidiary

Current report no : 41/2013
Report date : 12/31/2013
Abbreviated name : Ciech SA
Subject : Termination of arbitration proceedings of Issuer’s subsidiary
Legal basis : Art. 56 sec. 1 point 2 of Act on Offering - current and periodic information

Report 

 

CIECH S.A. (“Issuer”) in reference to the current report no 2/2013 of January 7, 2013 (on the initiation of arbitration proceedings against a subsidiary of the Issuer), current report no 13/2013 of March 16, 2013 (on the filing of answer to the statement of claim and counterclaims of the subsidiary of the Issuer), current report no 28/2013 of July 4, 2013 (on the complement of the counterclaim of the subsidiary of the Issuer) and current report no 37/2013 of December 6, 2013 (on the concluding of a settlement agreement with companies of Air Products Group) announces that it was informed that Issuer’s subsidiary – Infrastruktura Kapuściska S.A. with its registered seat in Bydgoszcz (formerly: “Zakłady Chemiczne Zachem S.A.” with its registered seat in Bydgoszcz; hereinafter as: “IK S.A.”), received correspondence from the International Chamber of Commerce in Paris (hereinafter as: “ICC”) confirming receipt by ICC of the briefs of the parties to the proceedings, i.e. Air Products Chemicals Europe B.V. and Air Products LLC and IK S.A. concerning withdrawal of all claims pursued in the arbitration proceedings. 

Therefore the arbitration proceedings has been terminated in accordance with the provisions of the settlement agreement on the conclusion of which the Issuer informed in the current report no 37/2013 of December 6, 2013. 

Legal basis: Article 56 section 1 point 2 of the Law of 29 July 2005 on Public Offering (…) and § 5 section 1 point 8 of the Regulation of the Minister of Finance dated 19 February 2009 on the Current and Periodic Information (…).

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

 

 


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