The Management Board of PBG submit to the District Court an update of arrangement proposals
The Management Board of PBG SA in arrangement bankruptcy submit to the District Court for Poznań — Stare Miasto, XI Commercial Insolvency and Arrangement Division, an update of arrangement proposals submitted with the application for a declaration of bankruptcy of PBG SA with the possibility of an arrangement, on 4 June 2012.
Submission of current proposals fulfills the order of the Court on this issue, which required us to submit current proposals in time - said Kinga Banaszak - Filipiak, vice - president of the Management Board of PBG. These are the same proposals of which Creditors took note at the beginning of the month.
Submited proposals were presented by the Company to the Creditors and the Market on September 3, and since then they are available on the Company's website.