Current report no : 16/2014
Report date : 5/22/2014
Abbreviated name : Ciech SA
Subject : Obtainment of the consent of the required number of foreign debenture-holders for an amendment to the terms and conditions specifying the terms of issue of foreign debentures (indenture) on the basis of a supplemental agreement (supplemental indenture)
Legal basis : Art. 56 section 1 point 1 of the Act on Offering - confidential information
Report :
With reference to report no. 12/2014, the Management Board of CIECH S.A., acting pursuant to Art. 56 section 1 point 1 of the Law of 29 July 2005 on Public Offering and Terms and Conditions of Trade of Financial Instruments in the Organized Trading System and on Public Companies, with reference to the agreement of 28 November 2012 (“Indenture”) specifying the terms and conditions of issue of secured debentures denominated in Euro, with the maturity date falling in 2019 (“Foreign Debentures”), which were issued by Ciech Group Financing AB (publ), a special purpose vehicle, being a 100% subsidiary of CIECH S.A., on 28 November 2012 (CIECH S.A. notified of the issue of the Foreign Debentures in its report no. 60/2012), hereby advises of the obtainment, on 22 May 2014, of the consent required under the Indenture, of the majority of unpurchased Foreign Debenture-holders (in consequence of the completion on 22 May 2014 of the consent solicitation process, as notified by CIECH S.A. in its report no. 12/2014) for:
a. an amendment to the selected terms and conditions of Indenture, for the purpose of extension of the deadline within which Ciech S.A. is to ensure that S.C. Uzinele Sodice Govora - Ciech Chemical Group SA meets the specified requirements concerning the net assets;
b. an amendment to other terms and conditions of Indenture, within the scope required by the terms and conditions referred to in subpoint a above; and
c. the conclusion of a supplemental agreement to Indenture (supplemental indenture), which will provide for the coming into force of the amendment to the Indenture, as referred to in subpoints b and c above.
Signatures of the Company’s Representatives : Dariusz Krawczyk – President of the Management Board
