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14-2020 Orange Polska informs about the decrease of provisions related to employee benefits

Current Report (14/2020)

Orange Polska S.A. – Warsaw, Poland

8 July 2020

Pursuant to Article 17(1) of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 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, the Management Board of Orange Polska S.A. (“Orange Polska”) informs about the decrease of provisions related to employee benefits.

With reference to the current report no 8/2020 from 4 June 2020 Orange Polska informs that changes in the Collective Labour Agreement (CLA) regarding jubilee awards will result in the decrease of balance sheet provisions related to employee benefits in the amount of PLN 64 million. This amount will be booked fully in labour costs and will increase financial result of Orange Polska for the 2nd quarter 2020.

 

 

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