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Ustrem 2001 EAD Has Merged with Kaolin AD
By the present notification and within the frameworks of the time period legislatively established, the Management Board of Kaolin AD hereby submits the following inside information with regard to the Company:
Under a Ruling of Sofia City Court dated November 22, 2007, transformation of a single person joint-stock company having the firm Ustrem 2001 EAD and its dissolution without liquidation due to its merging with Kaolin AD was entered into the Companies Register.
Pursuant to the abovementioned Ruling, Kaolin AD shall separately manage the assets of Ustrem 2001 EAD transferred over it for a time period of 6 months. Within the aforesaid time period, each creditor of a company participating in the transformation, whose receivable has not been secured and has arisen prior to the transformation date, may request redemption or security in conformity with its rights. If the request is not satisfied, the creditor shall have the right to preferential satisfaction to the rights held by its debtor.
The transformation procedure of Ustrem 2001 EAD commenced on June 2, 2006, i.e. prior to Kaolin AD’s registration as a public company.
We hereby declare the consent of Kaolin AD’s Management, town of Senovo, as of November 23, 2007 all notifications submitted by the Company to the investors and the Financial Supervision Commission in the form of inside and different regular information to be also published in the bulletin of the Bulgarian Stock Exchange – Sofia AD.
Anelia Petkova Angelova – Tumbeva
Executive Director
Under a Ruling of Sofia City Court dated November 22, 2007, transformation of a single person joint-stock company having the firm Ustrem 2001 EAD and its dissolution without liquidation due to its merging with Kaolin AD was entered into the Companies Register.
Pursuant to the abovementioned Ruling, Kaolin AD shall separately manage the assets of Ustrem 2001 EAD transferred over it for a time period of 6 months. Within the aforesaid time period, each creditor of a company participating in the transformation, whose receivable has not been secured and has arisen prior to the transformation date, may request redemption or security in conformity with its rights. If the request is not satisfied, the creditor shall have the right to preferential satisfaction to the rights held by its debtor.
The transformation procedure of Ustrem 2001 EAD commenced on June 2, 2006, i.e. prior to Kaolin AD’s registration as a public company.
We hereby declare the consent of Kaolin AD’s Management, town of Senovo, as of November 23, 2007 all notifications submitted by the Company to the investors and the Financial Supervision Commission in the form of inside and different regular information to be also published in the bulletin of the Bulgarian Stock Exchange – Sofia AD.
Anelia Petkova Angelova – Tumbeva
Executive Director