Receiving information about dismissal of the application for declaration of bankruptcy of the subsidiary Orzeł Surowce Sp. z o.o.

The Management Board of Orzeł Biały S.A. (“The Company”, “The Issuer”) announces that on August 13, 2018 it received a notice that the District Court in Katowice, 19th  Commercial and Appeal Division, following a hearing in camera on August 9, 2018, of a case petitioned by creditors Paweł Sidor, Cook & Marshall Investments Polska Sp. z o.o. in Poznan about the declaration of bankruptcy of Orzeł Surowce Sp. z o.o., as a result of the complaint by a debtor against the decision of the Katowice-Wschód District Court in Katowice of March 26, 2018, decided to:

  1. change the challenged decision in such a way as to dismiss the application and award the debtor the sum of PLN 3.600 as costs of legal representation;
  2. reject complaints in the remaining scope;
  3. order the creditors to pay the debtor PLN 1,100 as the costs of the appeal procedure.

The Issuer reported on the ongoing proceedings in current reports No 7/2018 of 26.03.2018, 9/2018 of 26.04.2018 and in interim reports.

Scroll to Top