HAWE - revocation of the resolutions of the creditors' council

HAWE S.A. (hereinafter , the "Company") announces that on 26 October 2016. The Trustee has obtained information that on 24 October 2016, the Commissioner Judge, appointed in the Company's sanitation proceedings, issued an order revoking the resolutions of the Board of Creditors dated 21 September 2016, i.e., the following:

- Resolution No. 1/09/2016 concerning the dismissal of the previous Company Manager and the appointment of a company under the name of PMR Restrukturyzacje S.A. with its registered office in Warsaw to act as Company Manager
– uchwały nr 2/9/2016 w sprawie udostępnienia spółce PMR Restrukturyzacje S.A. dokumentów spółki HAWE S.A. w restrukturyzacji.

In addition, the Commissioner Judge decided to suspend the execution of resolutions 1/9/2016 and 2/9/2016 until the order of revocation becomes final.

The above-mentioned order was issued as a result of the examination of the objections filed with the Commissioner Judge by Orange Polska S.A., Alior Bank S.A. and the Administrator. In the grounds for the order, the Commissioner Judge indicated that the resolutions adopted by the Creditors' Council at its meeting on 21 September 2016 were contrary to the law as violating the provisions of the Rules of Procedure of the Creditors' Council.

Spółka informowała o podjęciu przez Radę Wierzycieli uchwał nr 1/9/2016 oraz 2/9/2016 w raporcie bieżącym nr 43/2016 z dnia 22 września 2016 roku. Ponadto w dniu 5 października 2016 roku Spółka informowała raportem bieżącym nr 45/2016 o wniesieniu zarzutów przez Zarządcę wobec uchwały Rady Wierzycieli nr 1/9/2016.

Legal basis: article 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (, "MAR Regulation").

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on 26 october 2016:
" HAWE - revocation of resolution of creditors' council