With reference to the information concerning the opening of sanitation proceedings against FITEN S.A. under restructuring (Issuer, Company, Fiten) as part of the process of initiating the Issuer's restructuring under the Restructuring Law (current report 08/2016 of 10 August 2016), the Company's Management Board informs that today, i.e. on 12 October 2016, the authorised administrator PMR Restrukturyzacje S.A. concluded an agreement (Agreement) with ING Bank Śląski S.A. with its registered office in Katowice (Bank).
The Agreement specifies the principles of cooperation between the Issuer and the Bank during the restructuring proceedings, which include, among others, the Issuer's obligation to submit to the competent court (Court) a letter containing amended arrangement proposals. The change will apply to creditors, who will provide new financing to the Company, in exchange for which the Company will undertake to repay the receivables of these creditors together with all ancillary liabilities under arrangement 100%.
In addition, the Company undertook to submit a restructuring plan and amended resolutions to the Court no later than 10 November. proposals systemic.
12 October 2016:
" FITEN SA IN RESTRUCTURING (13/2016) Conclusion of an agreement with ING Bank Śląski
