Current report no: 3/2022
Following the current report No. 23 /2021 of 30 June 2021 on the opening of liquidation of Hutmen Sp. z o.o., the Management Board of Boryszew S.A. (Company or Issuer), advises that on 31 January 2022, the Management Board of the Issuer made a decision on the intention to repeal the liquidation and applied to the Shareholders Meeting of Hutmen for decision on cancellation of liquidation and further existence of Hutmen.
The above decision was taken in particular because of the ongoing tax proceedings on the correctness of Company’s VAT settlements, which make it difficult to complete the liquidation process in a foreseeable time. At the same time the Company advises that in accordance with the information in the current report no. 20/2021 the Issuer does not intend to continue the operating activity of Hutmen in production of copper products.
The Issuer will consider alternative scenarios for the use of Hutmen financial and operating assets, as opposed to liquidation, and will communicate their final decisions in this regard in relevant reports.
Boryszew Capital Group owns 100% of shares in the capital of Hutmen so adopting by the shareholders of Hutmen the resolution to repeal the liquidation and to continue the existence of Hutmen will be only a formal and legal act, about of the Issuer will advise in the next periodical 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.