Current Report No.: 30/2020
Legal basis: Article 17 section 1 MAR – Inside information.
Contents of the report:
In reference to Current Report No. 47/2019 dated 28 November 2019 concerning the conclusion on 27 November 2019 by Boryszew S.A. (“Issuer”) and SPV Boryszew 3 Sp. z o.o. and Impexmetal Holding Sp. z o.o. as sellers and Gränges AB with its registered office in Stockholm (Sweden) as purchaser (“Purchaser”) (“Parties”) of the preliminary conditional agreement on sale of shares of Impexmetal S.A. (“Agreement”), the Management Board of the Issuer informs that on 7 October 2020 the Parties concluded an annex to the Agreement (“Annex”), under which they agreed, inter alia, that on the basis of a separate annex to the Agreement, which will be concluded by the Parties in the future:
- the provisions of the Agreement regarding the payment of part of the price in the amount corresponding to PLN 90,000,000 will be changed and this part of the price will be settled by way of acquisition by the Issuer of the Purchaser’s shares issued by the Purchaser to the Issuer;
- the Issuer will have the obligation to take up additional shares of the Purchaser in a number corresponding to the proportion of the Purchaser’s shares held by the Issuer to the total number of the Purchaser’s shares, if, within 6 months following the completion of the transaction described in the Agreement, the Purchaser’s share capital is increased via rights issue;
- the Issuer will have the obligation not to sell the Purchaser’s shares referred to in points 1 and 2 within 6 months following the completion of the transaction described in the Agreement.
Signatures:
Piotr Lisiecki – 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.