Current report no. 35/2016 (24.10.2016)
Title:
Conclusion of forward exchange transactions with mBank S.A. and Bank Polska Kasa Opieki S.A.
Legal basis:
Art. 17 sec. 1 Market Abuse Regulation
Message:
The Management Board of URSUS S.A. hereby informs that on the 24th October 2016 the Issuer was notified about conclusion of the following forward sales transactions:
- with mBank S.A. in the amount of 10.000.000 USD at the forward exchange rate 3,9844 PLN, with settlement date the 20th September 2017;
- with Bank Polska Kasa Opieki S.A. in the amount of 10.000.000 USD at the forward exchange rate 3,9882 PLN, with settlement date the 20th October 2017.
According to the Individual Reporting Standard of URSUS S.A., adopted by the issuer with reference to the reporting obligations resulting from the Market Abuse Regulation, the above-mentioned transactions are considered to be material due to the fact that their value a exceeds 10% of the equity of the Issuer’s Capital Group.
All exchange transactions of the Issuer are executed in accordance with the Financial Risk Management policy assumed by the Issuer, within the Integrated Financial Risk Management System implemented in the Company and are related to the exposure resulting from the Company’s contracts settled in foreign currencies.
