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WESTA ISIC S.A.: Financial situation update

2015-03-03 17:47
publikacja
2015-03-03 17:47
Spis treści:

1. REPORT

2. INFORMATION ABOUT THE ENTITY

3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 82 / 2015
Date of issue: 2015-03-03
Short name of the issuer
WESTA ISIC S.A.
Subject
Financial situation update
Official market - legal basis
Inne uregulowania
Unofficial market - legal basis
Contents of the report:
The Board of Directors of WESTA ISIC S.A. informs that the Company has failed to reach the agreement on the loan portfolio restructuring with Ukrainian banks. On the back of economic and political crisis in Ukraine current debt level is unbearable for the Company and may lead to the following:
• production and sales halt by all of the Ukrainian subsidiaries of the Company;
• loss of ownership and control over most of PP&E, which were pledged to the creditors;
• continuation of the bankruptcy procedures of WESTA-DNEPR PJSC, WESTA INDUSTRIAL LLC and INDUSTRIAL ENERGY SYSTEMS LLC (subsidiaries of the Company), which may lead to liquidation of these entities.
Moreover the Company may not meet some of the regulations requirements (such as audited consolidated financial statements publication) due to lack of funds.
Legal grounds: Art. 56.1 in connection with article 56.6 of the Act of 29 July 2005 on the public offering, conditions governing the introduction of financial instruments to organized trading system and on public companies.
Annexes
File Description

(fullname of the issuer)
(short name of the issuer) (sector according to clasification
of the WSE in Warsow)
(post code) (city)
(street) (number)
(phone number) (fax)
(e-mail) (web site)
(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
2015-03-03 Oksana Mazurkevych IR Manager Oksana Mazurkevych
Źródło:Komunikaty spółek (ESPI)
Tematy
Miejski model Ford Puma. Trwa wyjątkowa wyprzedaż

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