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Current report no. 29/2016

Resumption of the supply of process steam to a subsidiary of the Issuer


Current report no.
 [29/2016]

Date of drawing-up the report: 19 August 2016

Time of publication: 10:35

Abbreviated name of issuer: CIECH S.A.

Subject: Resumption of the supply of process steam to a subsidiary of the Issuer

Legal basis: Art. 17. 1 of the MAR – confidential information

 

Text of the report: 

The Management Board of CIECH S.A. with its registered office in Warsaw (the “Issuer” or the “Company”) hereby informs that today S.C. CET Govora S.A. in composition bankruptcy based in Romania (“CET”) has resumed the supply of process steam to a subsidiary of the Issuer - CIECH Soda Romania S.A. based in Romania (“CSR”), as the sole supplier of this type of steam to CSR.

CET has resumed the supply of steam as a result of the decision of the Ramnicu Valcea Tribunal Court, Romania, dated 18.08.2016, suspending the legal consequences of the termination by the court-appointed administrator of CET of the agreement for the supply of process steam. The Issuer posted information on the aforementioned decision in its current report no. 28/2016 of 18.08.2016.

In connection with the resumption of the supply of process steam, CSR has began to restore its soda production process. The Issuer posted information on the suspension of soda production by CSR in its current report no. 26/2016 of 03.08.2016.

 

Legal basis: article 17.1 of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on Market Abuse (the Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal of the European Union L No. 173, p. 1) (the “MAR”).

 

Signatures of the Company's representatives: 
                      

Maciej Tybura – President of the Management Board
Artur Król – Member of the Management Board


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