Edition:
India

Grupa Azoty Zaklady Chemiczne Police SA (PCE.WA)

PCE.WA on Warsaw Stock Exchange

12.20PLN
30 Nov 2020
Change (% chg)

-0.30zł (-2.40%)
Prev Close
12.50zł
Open
12.30zł
Day's High
12.30zł
Day's Low
12.10zł
Volume
1,328
Avg. Vol
1,575
52-wk High
16.90zł
52-wk Low
6.60zł

Latest Key Developments (Source: Significant Developments)

Grupa Azoty Says GA Polyolefins EGM Resolves To Issue G Series Shares
Monday, 16 Nov 2020 

Nov 16 (Reuters) - Grupa Azoty SA ::EGM OF UNIT GRUPA AZOTY POLYOLEFINS RESOLVES TO INCREASE SHARE CAPITAL BY 323.7 MILLION ZLOTYS VIA ISSUE OF 32.4 MILLION NEW G SERIES SHARES.NOMINAL VALUE AT 10 ZLOTYS PER SHARE.PURCHASE OF SHARES TO TAKE PLACE IN PRIVATE SUBSCRIPTION BY HYUNDAI ENGINEERING, KOREA OVERSEAS INFRASTRUCTURE & URBAN DEVELOPMENT CORP AND GRUPA LOTOS.TOTAL CASH CONTRIBUTIONS, WHICH WILL BE MADE TO COVER G SERIES SHARES AT 594.7 MILLION ZLOTYS.271.0 MILLION ZLOTYS OF SURPLUS OF G SERIES SHARES ISSUE PRICE OVER THEIR NOMINAL VALUE WILL BE ALLOCATED TO GA POLYOLEFINS SUPPLEMENTARY CAPITAL.SAYS GRUPA LOTOS TO BUY 16.0 MILLION SHARES, HYUNDAI ENGINEERING TO BUY 15.3 MILLION SHARES AND KOREA OVERSEAS INFRASTRUCTURE & URBAN DEVELOPMENT CORP TO BUY 1.1 MILLION SHARES.  Full Article

Grupa Azoty ZC Police Says Unit Signs EUR 33.2 Annex To EPC Deal With Hyundai Engineering
Wednesday, 7 Oct 2020 

Oct 7 (Reuters) - Grupa Azoty Zaklady Chemiczne Police SA ::SAYS UNIT GRUPA AZOTY POLYOLEFINS SIGNS ANNEX TO EPC DEAL WITH HYUNDAI ENGINEERING.UNDER ANNEX REMUNERATION OF HYUNDAI ENGINEERING IS UPPED BY EUR 33.2 MILLION.  Full Article

Grupa Azoty Zaklady Chemiczne Police Q2 Net Profit Up At 16.0 Mln Zlotys
Thursday, 10 Sep 2020 

Sept 10 (Reuters) - Grupa Azoty Zaklady Chemiczne Police SA ::Q2 NET PROFIT 16.0 MILLION ZLOTYS VERSUS 5.6 MILLION ZLOTYS YEAR AGO.Q2 SALES REVENUE 567.0 MILLION ZLOTYS VERSUS 576.2 MILLION ZLOTYS YEAR AGO.Q2 OPERATING PROFIT 22.4 MILLION ZLOTYS VERSUS LOSS OF 4.5 MILLION ZLOTYS YEAR AGO.H1 EBITDA 99.1 MILLION ZLOTYS VERSUS 116.0 MILLION ZLOTYS YEAR AGO.  Full Article

Grupa Azoty Signs Agreement On Equity Investment And Financing Of Polimery Police Project
Monday, 1 Jun 2020 

June 1 (Reuters) - Grupa Azoty SA ::SAID ON SUNDAY THAT THE COMPANY AND ITS UNITS HAVE SIGNED WITH GRUPA LOTOS, HYUNDAI ENGINEERING AND KOREA OVERSEAS INFRASTRUCTURE & URBAN DEVELOPMENT CORPORATION (KIND) AGREEMENT REGARDING THE TERMS OF THE EQUITY INVESTMENT AND SUBORDINATED DEBT FINANCING REGARDING IMPLEMENTATION OF "POLIMERY POLICE" INVESTMENT PROJECT .UNDER AGREEMENT GRUPA LOTOS COMMITTED TO INVEST IN PROJECT THE TOTAL AMOUNT OF 500.0 MILLION ZLOTYS BY CONTRIBUTING 300.0 MILLION ZLOTYS IN FORM OF EQUITY CONTRIBUTION FOR COVERING INCREASED SHARE CAPITAL OF POLYOLEFINS AND TAKING UP POLYOLEFINS NEW SHARES; AND 200 MILLION ZLOTYS IN FORM OF SUBORDINATED LOAN.HYUNDAI COMMITTED TO INVEST IN PROJECT TOTAL AMOUNT OF $73.0 MLN TO POLYOLEFINS.KIND COMMITTED TO INVEST IN PROJECT TOTAL AMOUNT OF $57.0 MLN BY CONTRIBUTING $5.0 MLN IN FORM OF EQUITY CONTRIBUTION FOR COVERING INCREASED SHARE CAPITAL OF POLYOLEFINS AND TAKING UP POLYOLEFINS NEW SHARES; AND $52.0 MLN IN FORM OF SUBORDINATED LOAN TO POLYOLEFINS.UNDER AGREEMENT THE COMPANY COMMITTED TO CONTRIBUTE UP TO 297.0 MLN ZLOTY IN FORM OF ADDITIONAL CAPITAL TO POLYOLEFINS; UNIT GA ZAKLADY CHEMICZNE POLICE COMMITTED TO CONTRIBUTE UP TO 278.5 MLN ZLOTY IN FORM OF ADDITIONAL CAPITAL TO POLYOLEFINS .UNDER AGREEMENT THE COMPANY AND ITS UNIT (PRIMARY SPONSORS) COMMITTED TO GRANT POLYOLEFINS LOANS IN TOTAL AMOUNT OF 732.9 MLN ZLOTYS.  Full Article

Grupa Azoty Unit Signs Loans Agreement For Financing "Polimery Police" Project
Monday, 1 Jun 2020 

June 1 (Reuters) - Grupa Azoty SA ::SAID ON SUNDAY THAT ITS UNIT GRUPA AZOTY POLYOLEFINS HAS SIGNED LOANS AGREEMENT AIMED AT OBTAINING PRIVILEGED DEBT FINANCING NECESSARY FOR IMPLEMENTATION OF "POLIMERY POLICE" INVESTMENT PROJECT.THE LOANS AGREEMENT WAS CONCLUDED WITH CONSORTIUM OF FINANCIAL INSTITUTIONS WHICH INCLUDES: ALIOR BANK, BGK, BOŚ, BANK PEKAO, BNP PARIBAS BANK POLSKA, EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT, INDUSTRIAL AND COMMERCIAL BANK OF CHINA (EUROPE) POLAND BRANCH, MBANK, PKO BP, PZU, PZU NA ŻYCIE, PZU FIZAN BIS 2, SANTANDER BANK POLSKA AND ICBC STANDARD BANK PLC .THE LOANS AGREEMENT PROVIDES GRANTING OF THE FOLLOWING LOANS BY THE CONSORTIUM: UP TO EUR 487.8 MLN TERM LOAN FOR FINANCING OR REFINANCING THE COSTS OF THE PROJECT DURING THE CONSTRUCTION PHASE; UP TO $537.7 MLN TERM LOAN FOR FINANCING OR REFINANCING THE COSTS OF PROJECT DURING THE CONSTRUCTION PHASE; UP TO 150.0 MLN ZLOTY REVOLVING LOAN FOR FINANCING OR REFINANCING VAT PAYMENTS ON THE COSTS OF THE PROJECT DURING THE CONSTRUCTION PHASE; UP TO $180.0 MLN REVOLVING LOAN FOR FINANCING OR REFINANCING OF OPERATIONAL COSTS AND WORKING CAPITAL OF POLYOLEFINS .IN ADDITION THE COMPANY AND GA ZAKLADY CHEMICZNE "POLICE" HAVE CONCLUDED WITH POLYOLEFINS AND BANK PEKAO UP TO EUR 105.0 MLN SUPPORT LOAN FOR COVERAGE OF POTENTIAL LIQUIDITY DEFICIT , EXCEEDED CONSTRUCTION COSTS, OPERATIONAL COSTS AND DEBT SERVICE IN THE OPERATING PERIOD.  Full Article

Grupa Azoty Zaklady Chemiczne Police EGM Resolves To Appprove Acquisition Of Shares In GA Polyolefins
Friday, 24 Jan 2020 

Jan 24 (Reuters) - Grupa Azoty Zaklady Chemiczne Police SA ::EGM RESOLVES TO APPPROVE ACQUISITION OF SHARES IN GA POLYOLEFINS VIA PRIVATE PLACEMENT IN AMOUNT NECESSARY TO MAINTAIN CURRENT STAKE IN GA POLYOLEFINS, CONDITIONAL ON CO'S ENGAGEMENT IN SHARE ACQUISITION NOT EXCEEDING 335 MILLION ZLOTYS.  Full Article

Grupa Azoty ZC Police EGM To Vote On Granting Loans To GA Polyolefins
Wednesday, 22 Jan 2020 

Jan 22 (Reuters) - GRUPA AZOTY ZAKŁADY CHEMICZNE POLICE SA ::SAID ON TUESDAY THAT EGM WILL VOTE ON FEB 17 ON APPROVAL FOR GRANTING GRUPA AZOTY POLYOLEFINS UP TO 390 MILLION ZLOTYS TOTAL IN LONG-TERM SUBORDINATED CASH LOANS WITH REGARD TO PLANNED PRIVILEGED DEBT FINANCING.THE PURPOSE OF THE LOANS IS TO PROVIDE FINANCING FOR PART OF THE COMPANY'S FINANCIAL CONTRIBUTION TO GA POLYOLEFINS' "POLIMERY POLICE" PROJECT.THE VOTE WILL ALSO INCLUDE APPROVAL FOR GRANTING GRUPA AZOTY POLYOLEFINS THE EQUIVALENT OF UP TO EUR 105 MILLION IN LONG-TERM SUBORDINATED CASH LOANS WITH REGARD TO PLANNED PRIVILEGED DEBT FINANCING, WHICH MAY BE GRANTED IN THE FUTURE AS A FORM OF IMPLEMENTING COMMITMENTS ARISING FROM THE GUARANTEE REQUIREMENTS OF THE CREDITORS OF GA POLYOLEFINS FOR PROJECT COMPLETION, EXCEEDED CAPITAL EXPENDITURE COVERAGE, OPERATIONAL COST COVERAGE AS WELL AS GA POLYOLEFINS DEBT SERVICING COVERAGE.  Full Article

Grupa Azoty Lowers Its Stake In Grupa Azoty ZC Police To 62.86% From 66%
Tuesday, 14 Jan 2020 

Jan 14 (Reuters) - Grupa Azoty Zaklady Chemiczne Police SA ::GRUPA AZOTY LOWERS ITS STAKE IN CO TO 62.86% FROM 66% FOLLOWING INCREASE OF SHARE CAPITAL BY CO.  Full Article

Grupa Azoty Zaklady Chemiczne Police Says Unit Issues Full Notice To Proceed To Hyundai Engineering On Polimery Police Project
Monday, 23 Dec 2019 

Dec 23 (Reuters) - Grupa Azoty Zaklady Chemiczne Police SA :SAYS GRUPA AZOTY POLYOLEFINS ISSUES FULL NOTICE TO PROCEED TO HYUNDAI ENGINEERING ON POLIMERY POLICE PROJECT IMPLEMENTATION.UNDER EPC UNIT ALSO ENTRUSTS HYUNDAI ENGINEERING WITH IMPLEMENTATION OF OPTIONAL PROJECT SCOPE FOR EUR 19.9 MILLION.  Full Article

Grupa Azoty Zaklady Chemiczne Police Completes Subscription For 49.2 Mln C Series Shares
Monday, 23 Dec 2019 

Dec 23 (Reuters) - Grupa Azoty Zaklady Chemiczne Police SA ::COMPLETES SUBSCRIPTION FOR 49.2 MILLION C SERIES SHARES.  Full Article