14/2018: Completion of negotiations on transfer of significant claim
The Management Board of PBG S.A. (the “Company”, “PBG”) was notified today by its proxy of the completion of negotiations on sale of the Company’s claim against Imidż Finans Group Sp. z o.o. of Kiev, Ukraine under an agreement obliging the Company to sell the claim (for more information on the agreement, see Note 26 to the interim condensed financial statements of PBG S.A. for the first half of 2013 (page 66), available on the Company’s website at: http://www.pbg-sa.pl/pub/pl/uploaddocs/raporty-okresowe/srodroczne-skrocone-sf-spolki-pbg-sa.1410848354.pdf ).
Pursuant to the negotiated agreement on the sale of the claim, the Transferee will pay to PBG an amount of PLN 80m, including a non-refundable advance payment of PLN 20m payable by June 25th 2018; the balance of PLN 60m will be paid by June 25th 2019.
The Transferee which is to purchase the claim is a joint-stock company established under the laws of Luxembourg.
The assets to be transferred under the agreement are the largest item in the divestment plan, and the proceeds from the sale will be used to redeem the Bonds issued by the Company under the Arrangement with the Creditors and to pay the Repayment Instalments.
Pliki:
current report 14/2018 (.pdf - 37,41 kB)