Ciech

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Current report no. 12/2016

Petition for declaration of bankruptcy of the main supplier of a subsidiary of the Issuer

Current report no. 12/2016

Date of drawing-up the report: 3 May 2016

Abbreviated name of Issuer: Ciech S.A.

Subject: Petition for declaration of bankruptcy of the main supplier of a subsidiary of the Issuer

Legal basis: Art. 56 section 1 point 1 of the Act on Offering - confidential information

Text of the report: 

The Management Board of Ciech S.A., with a registered office in Warsaw (“the Issuer” or “the Company”) announces that today the subsidiary of the Issuer - CIECH Soda Romania S.A. in Romania (“CSR”)  has received information from S.C. CET Govora S.A. in Romania (“CET”)  regarding the submission by the CET company of a petition for declaration of arrangement bankruptcy of CET to the Provincial Court in Valcea in Romania. 

CET is the only supplier of technological steam to the CSR company. Technological steam is necessary for CSR to produce soda ash and liquid glass.

The Issuer announces that the agreement for delivery of steam to CSR is performed by CET without any obstacles.

At the same time, the CSR company will undertake, according to the Romania law, any activities aimed at the securing of its interests, in particular to secure steam supply.

Legal basis: Art. 56 section 1 point 1 of the Act of 29 July 2005 on Public Offering (…).

Signatures of the Company's representatives:  Maciej Tybura – President of the Management Board

                                                                                      Artur Król – Member of the Management Board


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