26/2015: Execution of restructuring documents with Financial Creditors
The Management Board of PBG S.A. w upadłości układowej (in company voluntary arrangement) (the “Company”, “PBG”) announces that on July 31st and August 1st 2015 the Company and certain Arrangement Creditors holding Group 5 and Group 6 claims (“Financial Creditors”) executed agreements setting out the terms of restructuring of the Company’s liabilities filed by the Financial Creditors in the course of the bankruptcy proceedings pending before the District Court for Poznań-Stare Miasto of Poznań, 11th Commercial Insolvency and Arrangement Division, court docket No. XI GUp 29/12 (“Arrangement”). One of the objectives of the agreements is to implement the Company’s arrangement proposals of April 28th 2015 (“Arrangement Proposals”).