Polimex-Mostostal obtained the consent of the creditors to extend the deadline for a further 50 million PLN to be acquired from the issue of shares

On 27 February Polimex-Mostostal turned to its financial creditors - party to the restructuring Agreement – with a proposed extension of the deadline for additional PLN 50 million to be acquired from the issue of shares until May 31, 2013. 

On April 9 this year creditors took a binding decision on the matter and agreed to extend the deadline as proposed by the Company. Thus, the provisions of the restructuring agreement are not violated.

The prospectus prepared by the Company for among others public offering of shares has been submitted to the Financial Supervision Authority. Upon approval, the Company will proceed with the issue of shares.