99/2012: Court decision on insolvency of PBG’s subsidiary KWG
The Management Board of PBG S.A. (in company voluntary arrangement) reports that its subsidiary KWG S.A. of Szczecin received a decision of the District Court for Szczecin-Centrum in Szczecin, XII Commercial Division, (the "Court") dated September 24th 2012, declaring the company's insolvency with arrangement option.
Under the court's decision:
1. KWG S.A. has been declared insolvent in voluntary arrangement;
2. KWG S.A. has retained the right to manage all its assets within the scope of day-to-day management;
3. District Court Judge Bartosz Przybył has been appointed as judge-commissioner;
4. Sławomir Mazurek has been appointed as court supervisor.
Following the decision, the subsidiary operates under the name KWG S.A. (in company voluntary arrangement).
Legal basis:
Par. 5.1.24 of the Minister of Finance’s Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state, dated February 19th 2009.
Pliki:
Full version of report (.pdf - 34,94 kB)