PKP CARGO SA (24/2017) Current report no 24/2017 dated 24 August 2017 - PKP CARGO information on the situation of the subsidiary AWT in connection with the announcement of OKD insolvency - update

The Management Board of PKP CARGO S.A. ("Company", "Issuer"), in reference to current reports No. 27/2016 of May 5, 2016, No. 48/2016 of August 12, 2016 and No. 8/2017 of April 11, 2017. , informs that on August 24, 2017, he received from the subsidiary Advanced World Transport as ("AWT") information that on August 24, 2017, the Creditors' Meeting OKD a.s. ("OKD", a company under Czech law, a contractor of subsidiaries of the AWT Issuer and AWT Rekultivace as ("AWTR"), adopted the restructuring plan of OKD ("Plan"). AWT and AWTR representatives voted during the Creditors' Meeting for the adoption of the Plan. Adoption of the Plan allows for further cooperation between the AWT Group and OKD, among others in the provision of transport services and reclamation work. The initiated restructuring will prevent the bankruptcy of OKD, assuming a gradual extinction of OKD's current operations. The plan will still be subject to approval by the District Court in Ostrava, which the Company will inform in a separate current report. Legal basis: art. 17 sec. 1 of Regulation of the European Parliament and of the EU Council No. 596/2014 MAR.

Source: company website, investor relations, current and periodic reports.

Company information
Company name:PKP Cargo SA
Adress: ul. Grójecka 17 02-021 Warszawa
Phone:+48 22 3914709

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