Home    Current Report 36/2014
   Temat:
CFI HOLDING S.A.: Change in the Criteria for Recognizing Agreements as Material and Assets as Assets of Significant Value

The Management Board of Intakus S.A. with its registered office in Wrocław (hereinafter the “Company”) hereby informs that on May 19, 2014 it adopted a resolution to change the criteria for recognizing agreements as material and assets as assets of significant value (previously 10% of sales revenues of the Intakus S.A. Capital Group in arrangement bankruptcy for the period of the last four financial quarters of the Company), adopting the criterion of 10% of equity.

In the opinion of the Management Board of the Company, considering that the Company has completed the arrangement bankruptcy proceedings and equity has reached a positive value, the grounds for the previous change of the criteria for recognizing agreements as material and assets as assets of significant value, adopted on March 7, 2013 (as the Company reported in current report No. 15/2013 dated March 7, 2013), have ceased to exist, and the value of 10% of the Company’s equity applied as the criterion for assessing assets and agreements will allow for an appropriate evaluation of their significance for the Company’s situation. The new criterion will be applied as of the date of publication of this report.