Brief: PBG Gets Demand For Payment Of 229.5 Mln Zlotys From Poland's Ministry Of Sport

PBG SA w restrukturyzacji w likwidacji

19/02/2020 08:00

Feb 19 (Reuters) - PBG SA  PBGG.WA :
    * SAID ON TUESDAY THAT THE COMPANY HAS RECEIVED A DEMAND FOR
PAYMENT WITHIN 10 DAYS OF A TOTAL AMOUNT OF 229.5 MILLION ZLOTYS
FROM POLAND'S MINISTRY OF SPORT
    * THE BASIS FOR THE PAYMENT GIVEN BY THE MINISTRY IN THE
DEMAND
ARE CONTRACTUAL PENALTIES RESULTING FROM DELAY IN REMOVING
SPECIFIC DEFECTS UNDER AN AGREEMENT SIGNED ON NOVEMBER 6, 2016
WITH REGARD TO THE NATIONAL STADIUM CONSTRUCTION PROJECT
    * THE COMPANY'S MANAGEMENT SAYS THAT DUE TO THE OPENING OF
REHABILITATION PROCEEDINGS THE MINISTRY'S CLAIM IS DISPUTABLE
AND WILL BE RESTRUCTURED UNDER THE COMPANY'S OPENED
REHABILITATION PROCEEDINGS
    * THE COMPANY'S MANAGEMENT SAYS THE CLAIM AND ITS AMOUNT ARE
UNFOUNDED     



    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMb1131wa
    
 Further company coverage:  PBGG.WA  
   


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