13/2015: Arrangement Proposals approved by the Company and filed with the court
Further to Current Report No. 9/2015 of April 20th 2015, the Management Board of PBG S.A. w upadłości układowej (in company voluntary arrangement) ("PBG", the "Company") announces that on April 28th 2015 it finalised negotiations with legal advisers of certain Financial Creditors on updating the Company's Arrangement Proposals of November 3rd 2014. The Management Board approved the updated text as Arrangement Proposals of April 28th 2015 ("Current Arrangement Proposals"), and the Supervisory Board issued a positive opinion on the document.
On April 29th 2015, the PBG Management Board filed the Current Arrangement Proposals with the District Court for Poznań–Stare Miasto of Poznań, 11th Commercial Insolvency and Arrangement Division, thus fulfilling the obligation imposed by Judge Commissioner, as announced by the Company in Current Report No. 8/2015 of April 17th 2015. Along with the Current Arrangement Proposals, the Company filed a request to set a new date for a Creditors' Meeting to vote on the arrangement between the Company and its Creditors.