Current report no: 46/2021
The Management Board of Boryszew S.A. (the Issuer), with reference to the current reports No. 24/2021, 28/2021 and 31/2021 regarding the sale to Zhejiang XCC Group Co. Ltd. based in China (XCC Group) of shares in FŁT Polska Sp. z o.o. based in Warsaw (FŁT), informs that on 29 October 2021 the Issuer concluded the final sales agreement transferring to XCC (Poland) Investment spółka z ograniczoną odpowiedzialnością based in Warsaw (XCC Poland) (entity controlled by XCC Group and selected for implementation of the transaction concerned as per the authorisation by XCC Group in the preliminary agreement) 1 030 shares in FŁT accounting for 100.00% of the share capital of FŁT, carrying 100.00% of votes at the shareholders’ meeting together with shares of FŁT in subsidiaries, i.e.: FLT-Wälzlager GmbH, FLT & Metals s.r.l., FLT Bearings Ltd, FLT France SAS, FLT (Wuxi) Trading Co., FLT USA LLC (“FŁT Group”) for the price of PLN 80.6 million.
Also on 29 October 2021 SPV Impexmetal Sp. z o.o. based in Warsaw, subsidiary of the Issuer, concluded an agreement with XCC Poland on sale of all trademarks owned by SPV Impexmetal Sp. z o.o., including “FŁT” mark, for the amount of PLN 18 million net.
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.