Legal basis:
Art. 17.1 of MAR - Inside information
Further to Current Report No. 35/2017 issued on August 2nd 2017 by Grupa Azoty Zakłady Chemiczne ' Police' S.A. ('Grupa Azoty Police'), a subsidiary of Grupa Azoty S.A. (the 'Company') concerning the recognition, by African Investment Group S.A. of Dakar, Senegal ('AFRIG S.A.'), a subsidiary of Grupa Azoty Police, of a PLN 28,348,982.33 impairment loss on intangible expenditure related to services performed under a contract with AVES FZE, the Company's Management Board announces that the impairment loss (PLN -28,348,982.33) will be recognised as a correction of a prior period error and charged to costs of the previous year in the Company's consolidated financial statements.
Legal basis: Article 17(1) of Regulation (EU) 596/2014 of the European Parliament and of the Council of April 16th 2014 on market abuse (market abuse regulation) 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 (OJ EU of June 12th 2014, No. L 173/1, as amended).
Grupa Azoty SA published this content on 02 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 August 2017 14:40:04 UTC.
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Grupa Azoty SA is a Poland-based producer of chemical products. Its products portfolio is divided into five segments. Fertilizers segment includes manufacturing and sales of nitrogenous fertilizers (urea, nitrate, ammonium nitrates, ammonium sulphate nitrate, a mixture of ammonium sulphate and urea, ammonium sulphate), compound fertilizers, ammonia; Plastics segment is engaged in manufacturing and sales of polyamide 6 (Tarnamid, Alphalon), polyacetal (Tarnoform), caprolactam; OXO segment includes manufacturing and sales of alcohols (2-ethylohexanol, n-butanol, isobutanol, octanol F) and plasticizers, such as bis(2-ethylhexyl) phthalate, diisobutyl phthalate, among others; Pigment segment is engaged in manufacturing and sales of titanium white, Tytanpol; Other Activities segment includes energy, laboratory services, catalysts, rental of properties. The Company operates through subsidiaries, including Grupa Azoty ZAK SA, ATT Polymers GmbH, Zaklady Chemiczne Police SA, among others.