The Management Board of Boryszew Spółka Akcyjna based in Warsaw (“Company”), with reference to the current report no. 41/2019 dated July 17th 2019, notifies that Boryszew S.A. after reaching, together with the parties, the shareholders’ agreement (“Shareholders’ Agreement”), which includes, apart from the Company, the following parties: Impexmetal Spółka Akcyjna based in Warsaw (“Impexmetal”) and SPV Boryszew 3 Spółka z ograniczoną odpowiedzialnością, based in Warsaw, 94.37% of the total number of votes at the General Meeting of the Impexmetal, under Article 82 of the Act of 29 July 2005 on public offering and terms of introducing financial instruments to organised trading and on public companies (consolidated text, Journal of Laws of 2019, item 623) (“the Act”), announced a demand for mandatory purchase of Impexmetal shares (“Squeeze-Out”) belonging to all other Impexmetal shareholders (“Compulsory buyout”). The entity purchasing the shares under squeeze-out will be Impexmetal and the Company.
The subject of the squeeze-out are all Impexmetal shares held by Minority Shareholders (“Shares”), i.e. 10,700,617 (ten million seven hundred thousand six hundred seventeen) ordinary bearer shares with a par value of PLN 0.40 (forty groszy) per share, entitling their holders jointly to exercise 5.63% of the total number of votes at the General Meeting of Impexmetal. The Shares are introduced to trading on the regulated market operated by the Giełda Papierów Wartościowych S.A. based in Warsaw, dematerialised and registered with the Krajowy Depozyt Papierów Wartościowych S.A. (“NDS”), designated by the NDS with the ISIN code: PLIMPXM00019.
The squeeze-out date was set at 9 August 2019, and the squeeze-out price of one Share is PLN 4.25 (four and 25/100 PLN).
On the squeeze-out date, the Minority Shareholders covered by the squeeze-out will be deprived of their rights under the Shares.
Legal attitude: Article 17 section 1 MAR – Confidential information.
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.