57/2006: Conclusion of FORWARD transactions
The Board of Directors of PBG S.A. hereby informs to have been notified on 22nd June that between 19th and 22nd June 2006 PBG S.A. and Hydrobudowa Włocławek S.A., a subsidiary, concluded FORWARD transactions.
Transaction concluded by PBG S.A.:
- with PEKAO S.A. - sales transactions EUR 2,000,000 at the average exchange rate of 4.1410 PLN/EUR
- with WestLB bank - sales transactions EUR 2,000,000 at the average exchange rate of 4.1547PLN/EUR
Transactions concluded by Hydrobudowa Włocławek S.A.:
- with Millennium S.A. bank - sales transactions EUR 5,000,000 at the average exchange rate of 4.1300 PLN/EUR
Transactions were concluded on terms and conditions specified in framework agreements for conducting FORWARD transactions.
The said transactions are part of PBG S.A. strategy aiming at minimising the impact of exchange rate fluctuations on financial results.
Legal basis:
Art. 56 item 1.1 of the Public Offering Act
Signature of the authorised person:
Michał Zboralski
Pliki:
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