Conclusion of a significant agreement
(Current report no. 46/2013)
20.09.2013 / The issuer /
Legal basis:
Article 56. paragraph 1 point 2 of the Act on Public Offering - current and periodic information
CCC S.A. Management Board informs that on 19th September 2013 it concluded with Powszechna Kasa Oszczędności Bank Polski S.A. (The Bank), with its registered office in Warsaw at Puławska Street 15, hereinafter referred as "PKO BP S.A.", the foreign exchange transactions so as to hedge foreign exchange risks that take place in the Company while cooperating with the contractors for which the accounting currency is the U.S. dollar.
The total nominal value of these contracts was estimated to 10,400,000.00 USD. Settlement of the futures is due in 13 dates in the period: 24th September 2013 – 17th December 2013.
The transactions were made by the Issuer according to the market conditions that do not differ from those commonly used for this type of transaction, and they do not include penalty clauses.
The value of the transactions exceeds 10% of the Company's equity and thus it fulfills the criterion of a significant agreement.
Legal Basis:
§ 5 act 1 point 3 of decree of the Minister of Finance dated on 19.02.2009, on current and periodic information provided by issuer of securities and conditions for recognizing, as equivalent the information required by law of the state which is not a member state.