Current report 44/2016 K2016-12-13

Current report no. 44 /2016 K (13.12.2016)

Title:

Correction of the current report no. 44/2016 of 12.12.2016 - Administrative enquiry of the Financial Supervision Authority regarding events which took place in 2013

Legal basis:

Art. 17 sec. 1 Market Abuse Regulation

Message:

The Management Board of URSUS S.A. informs that in the current report no. 44/2016 of December 12, 2016 it was indicated in error that "the whole above-mentioned agreement was properly executed and settled" instead of "the whole first stage of the agreement was properly executed and settled". Therefore, the Issuer publishes below two versions of the report, before and after correction.

Before correction:

The Management Board of URSUS S.A. (the Company, the Issuer) hereby announces that on the 12th December 2016 the Company was informed about the commencement by the Financial Supervision Authority of ex officio proceedings for imposition of an administrative penalty according to the provisions of art. 96 sec. 1 point 1 of the Act of July 29, 2005 on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws of 2013, No. 1639, as amended, hereinafter referred to as "Act on Public Offering") in the version binding before the entry into force of the Act of March 31, 2016 on the amendment of the Act on investment funds and some other acts (Journal of Laws of 2016, No. 615, hereinafter referred to as "Amending Act") due to suspicion of the violation of the provisions of art. 56 of the Act on Public Offering in connection with failure to notify the Financial Supervision Authority, the company operating the regulated market and to the public, of the confidential information concerning negotiations which resulted in conclusion of the agreement, of which in the current report of URSUS S.A. no. 24/2013 of 24 September 2013, i.e. the contract with the Ethiopian company METEC.

The Management Board of the Company indicates that the whole above-mentioned agreement was properly executed and settled, and the state inspections which took place with reference to this agreement did not reveal any irregularities. At the same time the Management Board assures that the Company will cooperate with the Financial Supervision to fully explain and quickly close the issue.

After correction:

The Management Board of URSUS S.A. (the Company, the Issuer) hereby announces that on the 12th December 2016 the Company was informed about the commencement by the Financial Supervision Authority of ex officio proceedings for imposition of an administrative penalty according to the provisions of art. 96 sec. 1 point 1 of the Act of July 29, 2005 on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws of 2013, No. 1639, as amended, hereinafter referred to as "Act on Public Offering") in the version binding before the entry into force of the Act of March 31, 2016 on the amendment of the Act on investment funds and some other acts (Journal of Laws of 2016, No. 615, hereinafter referred to as "Amending Act") due to suspicion of the violation of the provisions of art. 56 of the Act on Public Offering in connection with failure to notify the Financial Supervision Authority, the company operating the regulated market and to the public, of the confidential information concerning negotiations which resulted in conclusion of the agreement, of which in the current report of URSUS S.A. no. 24/2013 of 24 September 2013, i.e. the contract with the Ethiopian company METEC.

The Management Board of the Company indicates that the whole first stage of the agreement was properly executed and settled, and the state inspections which took place with reference to this agreement did not reveal any irregularities. At the same time the Management Board assures that the Company will cooperate with the Financial Supervision to fully explain and quickly close the issue

« Back

Ursus SA published this content on 13 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 December 2016 15:22:06 UTC.

Public permalinkhttp://www.publicnow.com/view/A589C87C6737E3A00F77C8DEB270A1D92B36DC74