Current report no: 28/2021
With reference to the information revealed in the current report No. 24/2021 of 17 July 2021, the Management Board of Boryszew S.A. (“Issuer”) announces hereby that on 7 September 2021 the Issuer’s Supervisory Board took resolved on the consent to sell to Zhejiang XCC Group Co. Ltd. based in China (“XCC”) 1 030 shares in FŁT Polska Spółka z o.o. based in Warsaw (“FŁT”) accounting for 100.00% of the share capital, carrying 100.00% of votes at the General Meeting of Shareholders, along with the shares in subsidiaries owned by FŁT: FLT-Wälzlager GmbH, FLT & Metals s.r.l., FLT Bearings Ltd, FLT France SAS, FLT (Wuxi) Trading Co., FLT USA LLC (“FLT Group”).
On the date of this current report, XCC is in the process of obtaining the required approvals of relevant regulatory authorities for the transaction.
The Issuer will notify in a separate current report when the last of the abovementioned approvals of relevant regulatory authorities will be obtained, which will be tantamount to the fulfilment of the second of the conditions precedent of the Agreement, mentioned in the abovementioned current report.
Legal attitude: Article 17 section 1 MAR – Confidential information.
Signatures:
Wojciech Kowalczyk – President of the Management Board
Translation from the original Polish version.
In the event of differences resulting from the translation, reference should be made to the official Polish version