Legal basis:
Art. 17.1 of MAR − Inside information
The Management Board of Grupa Azoty S.A. (the 'Company') announces that on August 25th 2017 PDH Polska S.A., a subsidiary of the Company and Grupa Azoty Zakłady Chemiczne Police S.A., received a permit (dated August 24th 2017) to conduct business within the Pomeranian Special Economic Zone − Police Sub-Zone (the 'Zone').
The permit defines in particular the following conditions of operating within the Zone:
1. PDH Polska S.A. will have to incur capital expenditure in excess of PLN 1,490,000 thousand within the Zone by December 31st 2022.
2. In the course of its business activity within the Zone, after receipt of the permit, PDH Polska will have to provide jobs to at least 65 new employees by October 31st 2021 and maintain a total headcount of 87.5 until October 31st 2026.
3. In connection with the investment project, PDH Polska S.A. will have to incur eligible costs of at least PLN 124,000 thousand.
The permit also specifies the maximum amount of eligible costs that may be covered by public aid:
1. The maximum amount of project costs eligible for public aid in the form of a tax exemption within the Zone may not exceed PLN 428,270 thousand, which is the equivalent of EUR 100,000 thousand at the mid rate quoted by the National Bank of Poland for the permit issue date.
2. The maximum amount of labour costs eligible for public aid in the form of a tax exemption within the Zone may not exceed two-year labour costs of 84.5 FTEs.
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 25 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 August 2017 09:32:06 UTC.
Original documenthttp://tarnow.grupaazoty.com/creport-40-2017.html
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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.
GRUPA AZOTY S.A. 
