Legal attitude: Art. 17 para. 1 MAR - confidential information.
Board of Directe S.A. in restructuring with its registered office in Warsaw (the "Company"), in reference to the current report of ESPI No. 3/2018 dated 13 July 2018, informs that on 13 July 2018 the Company filed a simplified application for bankruptcy.
This application has been submitted on the basis of art. 334 of the Act of 15 May 2015 on Restructuring Law (Journal of Laws of 2015, item 978, as amended), ie the declaration of the Company's bankruptcy in a simplified manner.
The application was submitted in connection with the decision ("the Order") issued on July 4, 2018 by the District Court in Warsaw, XXIII Commercial Appeal Division ("District Court"). The decision stipulates that after hearing by the Regional Court on 4 July 2018 in Warsaw in closed session of the case in the accelerated arrangement proceedings of the joint-stock company in Warsaw regarding the approval of the arrangement, as a result of the complaint of the creditors against the decision of the District Court for m. Warsaw in Warsaw of 19 January 2018, the Regional Court decided to change the appealed decision and refuse to approve the agreement adopted in the accelerated arrangement of Verte a joint-stock company in Warsaw at the meeting of creditors on November 15, 2017.
Source: company website, investor relations, current and periodic reports.