IMCOMPANY (IMC): Information about debt's reduction in H1 2015 - raport 5
UNI - EN REPORT No5/2015
The Board of Directors of Industrial Milk Company S.A. (hereinafter "the Company") informs that following the Company's plans on debt’s reduction, during H1 2015 the Company reduced its debt by 15%, from USD127.4 million as of December 31, 2014 to USD108.7 million as of June 30, 2015. In H2 2015 the Company plans to continue debt's reduction activity, reaching the total debt amount about US$ 100 million by the end of 2015.
The Management of the Company expects that debt's reduction will also remain among the Company’s key priorities in 2016 year. The Company plans to reduce the debt to the level of about USD 80 mln by the end of 2016.
Legal basis: Article 56 sec. 1 point 1 of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws No. 184, item 1539, as amended) – Inside Information