Prospectus - Notowania

Prospectus - Notowania Prospectus - Notowania

notowania.pb.pl
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19.01.2013 Views

11. RESEARCH AND DEVELOPMENT, PATENTS AND LICENCES 11.1. Research and development activities Considering the business segment in which it operates, the Issuer does not deem research and development activities to be significant for the purposes of the Prospectus. - 266 -

12. INFORMATION ON EXPECTED TRENDS 12.1. Significant recent trends in the performance of production, sales and stocks, and in the development of costs and sale prices from the close of the last financial year until the date of the Prospectus. Except as indicated in the First Section, Chapter 9, no substantial changes in the prospects of the Issuer and UniCredit Group companies occurred after approval of the Consolidated Interim Report as at September 30, 2009. 12.2. Information on trends, uncertainties, requests, commitments or notable events that could reasonably have a significant impact on the prospects of the company, at least for the year in progress Based on the information currently available, except as indicated in the First Section, Chapters 9, 13 and 20, the Issuer is not aware of any trends, uncertainties, requests, commitments or events that could reasonably have significant repercussions on the company’s prospects, at least for the year in progress. - 267 -

11. RESEARCH AND DEVELOPMENT, PATENTS AND LICENCES<br />

11.1. Research and development activities<br />

Considering the business segment in which it operates, the Issuer does not deem research and<br />

development activities to be significant for the purposes of the <strong>Prospectus</strong>.<br />

- 266 -

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