Closing the hearing; adjournment of the judgment in the case against PERN SA

Data publikacji: 16.10.2017

With reference to the information in the interim reports of PROCHEM S.A. (The “Issuer”) concerning a court proceeding which pertains to settlement of accounts for a contract in the formula of GRI (Management Contracting) between PERN SA and Consortium with the Issuer as being the Leader, for the implementation of the investment project under the name of “Rurociąg w relacji ST-1 Adamowo-Baza Surowcowa Plebanka”, and which was suspended on November 10, 2005, and also with reference to Current Report No. 15/2017 of 25 July 1017, the Management Board of the Issuer informs that on 16 October 2017 the Court of Appeal in Warsaw, the First Civil Division closed the hearing in the aforementioned court proceedings and at the same time postponed the announcement of the judgment in the case by 30 October 2017.

The Issuer will inform regularly in Current Reports about further events in legal proceedings.

The Management Board of the Issuer’s company decided that the above information meets the criteria for confidential information specified in Art. 7 section 1, 2 and 4 of MAR due to the value of the subject in dispute.