Current Report No. 4/2025
With reference to the current report No. 3/2025 of 28 February 2025, the Management Board of Boryszew S.A. (Issuer) advises that on 3 March 2025 it was notified that on the same day the Management Board of indirect subsidiary of Boryszew S.A., Boryszew Oberflächentechnik Deutschland GmbH (BKD) filed a petition of bankruptcy of this company with competent court.
According to the proposal, the petition is for ordinary bankruptcy, in accordance with German bankruptcy law.
BKD holds 100% of shares in Boryszew Oberflächentechnik Deutschland GmbH in bankruptcy under self-administration, Boryszew Formenbau Deutschland GmbH in bankruptcy under self-administration, and 89.11% of shares in Boryszew Plastic Rus Sp. z o.o.
The Issuer’s Management Board further announces that on 3 March 2025, it decided to disclose a write-off in the separate financial statements on loans granted and other receivables from the period 2011 to 2024 in the total amount of PLN 256.5 million. The above transaction is of an accounting nature.
The Issuer will announce further significant events associated with the above mentioned proceedings in relevant reports.
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.