{"id":14108,"date":"2011-12-21T00:00:00","date_gmt":"2011-12-20T22:00:00","guid":{"rendered":"https:\/\/www.invaldainvl.com\/group-company-press-releases\/trakcja-tiltra-information-about-the-fulfillment-of-a-condition-of-an-agreement-concluded-by-the-issuer\/"},"modified":"2011-12-21T00:00:00","modified_gmt":"2011-12-20T22:00:00","slug":"trakcja-tiltra-information-about-the-fulfillment-of-a-condition-of-an-agreement-concluded-by-the-issuer","status":"publish","type":"post","link":"https:\/\/www.invaldainvl.com\/en\/group-company-press-releases\/trakcja-tiltra-information-about-the-fulfillment-of-a-condition-of-an-agreement-concluded-by-the-issuer\/","title":{"rendered":"Trakcja – Tiltra: Information about the fulfillment of a condition of an agreement concluded by the Issuer"},"content":{"rendered":"

The Management Board of Trakcja – Tiltra S.A. (the “Company”) with reference to the current report no 79\/2011 of 21 December 2011, hereby announces that on 21 December 2011 the Company received payment resulting from reduction in the Tiltra company\u2019s Shares Price, from each Investor (both in cash and by transfer of series A and series B bonds, issued by the Company). Therefore, the condition is fulfilled for the entry into force, with respect to each Investor, of provisions of the Annex No. 7 to the Agreement of 18 November 2010 (which the Company announced in the current report no 35\/2010) entered into between the Company, Tiltra Group AB, AB Kauno tiltai, Tiltra Group Shareholders and Comsa S.A., concerning: (i) removal of provisions of the Agreement providing for a mechanism for reducing of the Tiltra Shares Prices described in the Company’s current report No. 23\/2011, and (ii) removal of specified provisions from the Agreement, and termination of representations and warranties granted in the Agreement.
 
The terms capitalized and not defined in this current report have the meaning ascribed thereto in the Company’s current report no 35\/2010.
 
Legal basis of the report announcement: \u00a7 5 paragraph 1 point 4 of the Regulation of the Minister of Finance dated 19 February 2009 on the current and periodic disclosures to be made by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state. <\/p>\n","protected":false},"excerpt":{"rendered":"

The Management Board of Trakcja – Tiltra S.A. 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