RUCH S.A. has been engaged in intense activities with its creditors, publishers associated in the Board of Press Publishers Chamber (“IWP”), and Alior Bank for past few weeks, with the view to agree on a restructuring plan without resorting to the court. According to all analyses this is the most effective and safest restructuring route for the creditors as well as the Company. The publishers, Alior Bank and RUCH S.A. entrusted the preparation of the restructuring plan to a reputed auditing firm specialising in projects of this type, KPMG. On 23 August 2018 a phase I report of the project was prepared by KPMG, and a phase II report is due to be ready on 25 September, presenting a framework business plan and recommendations as to the restructuring directions. On the other hand, on 24 August the publishers addressed a letter to Alior Bank, outlining a proposal of key terms and conditions of a creditors’ agreement until the final restructuring plan is developed. RUCH S.A. underlines that its purpose is to draw up a plan which will enable full repayment of its debt over the next few years.