PKP Cargo Foregoes Submitting Series N Share Prospectus To Poland's KNF

Oct 23 (Reuters) - PKP Cargo SA PKPP.WA:

• DECIDES TO FOREGO SUBMITTING PROSPECTUS APPROVAL APPLICATION FOR SERIES N SHARE PUBLIC OFFERING TO POLAND'S KNF

• DECISION DRIVEN BY LACK OF CREDITOR ACCEPTANCE FOR ARRANGEMENT PROPOSALS TIED TO THE OFFERING

• MAINTAINS INTENTION TO USE CAPITAL INCREASE TO FINANCE CASH REPAYMENTS UNDER FUTURE ARRANGEMENT

Further company coverage: PKPP.WA