Internal Information
13 April 2010
References to published information
by OHL ZS, a.s. published in the last 12 months data mentioned in the attached document:
DOKUMENT rok 2009 (105.3 kB, Adobe Acrobat document)
References to published information
by OHL ZS, a.s. published in the last 12 months data mentioned in the attached document: DOCUMENT 2008 (115.6 kB, Adobe Acrobat document)
Brno, 20 March 2009 – Today, the Regional Court in Brno issued its judgement to stop the insolvency proceedings conducted against OHL ŽS, a.s. This happened pursuant to Section 130 (1) of the Insolvency Act because the insolvency petitioner – Integra Liberec a.s. – withdrew its motion to commence the insolvency proceedings, which was recorded in the insolvency register today.
The whole issue originated due to an administrative discrepancy. In no instance was the case caused by lack of finances because OHL ŽS, a.s. is capable of meeting all its liabilities. “Our company has been exceptionally well funded for a long time and is considered to be a safe and reliable partner by the circle of financing banks,” said Michal Štefl, Chairman of the Board of Directors and CEO of OHL ŽS, a.s.
OHL ŽS, a.s.:
OHL ŽS, a.s. (formerly ŽS Brno, a.s.), which has a more than fifty year tradition , is a dynamic construction company specializing in multiple areas of business and ranking among the largest and most significant construction companies in the Czech Republic. It is a member of the international Spanish construction and investment OHL Group. According to non-audited results for 2008, the revenue of OHL ŽS, a.s. has increased by 18.2 % according to the international accounting standards, amounting to CZK 12.1 billion as compared to CZK10.2 billion in 2007. Entrepreneurial profit after tax for 2008 amounted to CZK190 million. The company earned 19 % of its revenue abroad. It operates for example in Slovakia, Montenegro, Azerbaijan, Hungary and Bulgaria.
The standpoint on the motion to commence insolvency proceedings with OHL ŽS, a.s. issued on 18 March 2009
As a member of the "ŽS Brno – SYNER" consortium, OHL ŽS, a.s. has been participating in the reconstruction and completion of the Liberec – Jablonec nad Nisou sewage collection system. A subcontract for work was concluded for this project with Integra Liberec a.s., joint-stock company, that implemented the works according to the sub-contract and invoiced the contractual price to OHL ŽS, a.s.
To investigate the situation, we immediately contacted Integra Liberec, a.s. and agreed on the further steps to be taken with them; the invoices in question were settled on this day, i.e. 18 March 2009. Pursuant to a composition agreement, Integra, a.s. confirmed in writing today that it had withdrawn its motion to commence insolvency proceedings.
We immediately adopted the necessary measures in our company, including those affecting the relevant employees, so that situations like this would never occur again. OHL ŽS, a.s. declares it is capable of meeting its obligations and its financial position is solid.
Paolo Bee
2nd Vice-Chairman of the Board of Directors and Financial Director
OHL ŽS, a.s.
Raiffeisenbank a.s. authorized by OHL ŽS, a.s. to perform the function of the administrator of the bond issue, ISIN CZ0003501421, will be paying out the interest yield on bonds for the period from 13 June 2007 to 13 June 2008 on 13 June 2008. The interest rate on the bonds for the yield period was 4.80 % p.a. The payment will be made in CZK by means of credit transfers to the accounts of entitled persons in the manner and under the terms and conditions set in the bond issue terms and conditions.
The Administrator’s place of business is the Administrator’s branch:
Raiffeisenbank a.s., Vodičkova 38, Prague 1, 111 21
The bond issue administrator provided information about this payment in the Hospodářské noviny on 13 May 2008.
23 April 2008References to published information
In the course of the last 12 months OHL ŽS, a.s. published the information stated in the attached document:
DOCUMENT 2007 (107.8 kB, Adobe Acrobat document)
Mr. Ladislav Patlich, who had been holding the position of Financial Director for the previous five and a half years, terminated his employment by agreement with effect from 31 July 2007. His successor is Mr. Paolo Bee.
17 May 2007At their regular meeting held on 18 April 2007, the Supervisory Board of OHL ŽS, a.s. decided to remove Ladislav Patlich and Manuel Viciano Pedroso from the Board of Directors of the company.
The Supervisory Board elected the following new members of the Board of Directors with effect from 18 April 2007:
- Carmen Escribano Guzmán
- Antonio Jané Rodríguez
Raiffeisenbank a.s. authorized by OHL ŽS, a.s. to perform the function of the administrator of the bond issue, ISIN CZ0003501421, will be paying out the interest yield on bonds for the period from 13 June 2007 to 13 June 2007 on 13 June 2007. The interest rate on the bonds for the yield period was 4.80 % p.a. The payment will be made in CZK by means of credit transfers to the accounts of entitled persons in the manner and under the terms and conditions set in the bond issue terms and conditions.
The Administrator’s place of business is the Administrator’s branch:
Raiffeisenbank a.s., Vodičkova 38, Prague 1, 111 21
The bond issue administrator provided information about this payment in the Hospodářské noviny on 14 May 2007.
24 April 2007References to published information
In the course of the last 12 months OHL ŽS, a.s. published the information stated in the attached document:
DOCUMENT 2006 (107.8 kB, Adobe Acrobat document)
On 13 June 2006, under the terms and conditions of the Bond Programme, the payment of yields on bonds was performed at the amount of 4.8 %, i.e. CZK 28,800,000.00.
The bond 
issue administrator provided information about this payment in the Hospodářské noviny on 23 May 2006. (124.5 kB, JPG) Full version (22.2 kB, Adobe Acrobat document)
References to published information
In the course of the last 12 months OHL ŽS, a.s. published the information stated in the attached document:
DOCUMENT 2005 (108.2 kB, Adobe Acrobat document)
An extraordinary general meeting of ŽS Brno, a. s. was held on 20 March 2006 and adopted the following resolutions:
- a change in and amendment to the company articles of association, i.e. Article 2 - Corporate name and registered office of the company: the new wording of par. 1 is as follows: The company’s corporate name is:
OHL ŽS, a. s. - removal of Mr. Gonzalo Vizcaino Monti from his position as a member of the Board of Directors. The date of termination of membership of the Board of Directors: 16 2 2006
- appointment of Mr. Ignacio Martínez Esteban to the position of a member of the Board of Directors: 16 February 2006 PDF version (37.9 kB, Adobe Acrobat document)
Company Economy
In 2005, ŽS Brno, a. s. matched the production increase trend developed over a long period with a corresponding growth in profit... more PDF version (74.8 kB, Adobe Acrobat document)
On 18 August 2005, a change in the recorded facts
about ŽS Brno, a. s. decided by the General Meeting of the company and the Supervisory Board was entered into the Commercial Register at the Regional Court in Brno as follows:
- an amendment to the “line of business” section
- deletion of Mr. Otakar Novotný from the statutory body – the Board of Directors (see the decision issued on 21 June 2005) PDF version (28.4 kB, Adobe Acrobat document)
The Supervisory Board meeting held on 21 June 2005 decided to remove the member of the Board of Directors of ŽS Brno, a. s., Mr. Otakar Novotný, from his position. The date of termination of the membership of the Board of Directors: 21 June 2005 PDF version (38.3 kB, Adobe Acrobat document)