The Management Board of Boryszew Spółka Akcyjna with its registered seat in Warsaw (“the Company”), with reference to the current report no. 43/2019 dated August 6th, 2019, notifies that on August 9th, 2019 they undertook information regarding the settlement of the squeeze-out of the shares of Impexmetal Spółka Akcyjna with its registered seat in Warsaw (“Impexmetal”) belonging to all the other shareholders of Impexmetal who are not parties to the shareholders’ agreement, which in addition to the Company consists of the following entities: Impexmetal Spółka Akcyjna with its registered office in Warsaw and SPV Boryszew 3 Spółka z ograniczoną odpowiedzialnością, with its registered seat in Warsaw (“the Shareholders’ Agreement”), (“The Squeeze-Out”).
The subject matter of the Squeeze-Out were all the Impexmetal shares belonging to all other shareholders of Impexmetal, who were not parties to the Shareholders’ Agreement i.e. 10,700,617 (ten million, seven hundred thousand, six hundred and seventeen) ordinary bearer shares, with the nominal value of PLN 0.40 (forty groszy) each, constituting, after rounding it up, 5.63% of share in the share capital of Impexmetal and entitling their owners in total to execute 10,700,617 (ten million, seven hundred thousand, six hundred and seventeen) votes at the General Assembly of Impexmetal, which constitutes, after rounding it up, 5.63% of the total number of votes at the general assembly of Impexmetal.
The shares covered by a squeeze-out procedure demand were purchased by Impexmetal and the Company, where:
1) Impexmetal S.A. purchased 10,480,617 ordinary bearer shares,
2) The Company purchased 220,000 ordinary bearer shares.
The legal basis: Art. 17 para. 1 MAR – confidential information
Piotr Lisiecki – President of the 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.