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OTS: Uljanik d.d. - Information due to Company's Restructuring Program

Author: Orhideja Štrk

Pula (HinaOTS) - Uljanik d.d. from Pula, Flaciusova 1, MBS: 040016740, OIB: 56243843109, is issuing as follows:

Proposal for the Restructuring program of ULJANIK Shipyard sent by the Ministry of Economy to the European Commission in Brussels has been,  following several preliminary meetings with the Unions, presented on 27th July to the worker's council of ULJANIK Shipyard with the representatives of all Unions being present. 

The Government of the Republic of Croatia, at its meeting held on 11th January 2018, brought a Decision on Granting of a State Guarantee in favour of Hrvatska poštanska banka d.d. Zagreb and/or some other commercial banks in the country and/or abroad for a credit commitment for the company ULJANIK Brodogradilište d.d. Pula, for the implementation of a restructuring process as well as financial consolidation of the company up to 96,000,000 EUR. 

By the sending of  the Restructuring program by the Ministry of Economy to the European Commission on 13th July 2018 the obligations of return of subject funds arises while „rescue-aid“ expenses become part of the overall restructuring expenses until the final decision by the European Commission regarding the submitted Restructuring program.

Taking into account that during August intensive communication with EU authorities is expected while during September final decision regarding the Restructuring program is anticipated, ULJANIK Shipyard works intensively on preparation of all necessary preconditions for a high quality and fast implementation of the Restructuring program. 
 
Uljanik d.d.
 
Source of information:
ULJANIK d.d.
Flaciusova 1, 52100 Pula, Hrvatska
Informations to investors:
Tel: 00385 52 373 102
Fax: 00385 52 373 646
e-mail: pavlina.klasta@uljanik.hr
web: www.uljanik.hr
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(HinaOTS)

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