HAWE S.A. (hereinafter , the "Company") announces that on 26 October 2016. The Trustee has obtained information that on 24 October 2016, the Commissioner Judge, appointed in the Company's sanitation proceedings, issued an order revoking the resolutions of the Board of Creditors dated 21 September 2016, i.e., the following:
- Resolution No. 1/09/2016 concerning the dismissal of the previous Company Manager and the appointment of a company under the name of PMR Restrukturyzacje S.A. with its registered office in Warsaw to act as Company Manager
- resolutions no. 2/9/2016 in regarding making HAWE company documents available to PMR Restrukturyzacje SA SA in restructuring.
In addition, the Commissioner Judge decided to suspend the execution of resolutions 1/9/2016 and 2/9/2016 until the order of revocation becomes final.
The above-mentioned order was issued as a result of the examination of the objections filed with the Commissioner Judge by Orange Polska S.A., Alior Bank S.A. and the Administrator. In the grounds for the order, the Commissioner Judge indicated that the resolutions adopted by the Creditors' Council at its meeting on 21 September 2016 were contrary to the law as violating the provisions of the Rules of Procedure of the Creditors' Council.
The company informed about adoption of resolutions by the Council of Creditors No. 1/9/2016 and 2/9/2016 in the current report No. 43/2016 of September 22, 2016. Furthermore, on October 5, 2016, the Company informed in the current report No. 45/2016 about the filing of charges by the Administrator against Resolutions of the Creditors' Council No. 1/9/2016.
Legal basis: article 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (, "MAR Regulation").
on 26 october 2016:
" HAWE - revocation of resolution of creditors' council
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