With reference to the current report No. 39/2020 on the update of information on the risk related to the ongoing control proceedings in subsidiaries and the analysis related to the allocation of transactions finalized in the fourth quarter of 2020 for the transfer to the Issuer of ownership rights to shares and interests of other capital companies owned by Impexmetal SA, about which the Issuer informed in the current report No. 37/2020 and the periodic report for the third quarter of 2020, the Management Board of Boryszew SA (“Issuer”) informs that on February 16, 2021 it made a decision to start the procedure, with the involvement of an external expert, including additional analyzes of the possible impact on the valuation of individual assets covered by the above-mentioned transactions, from the point of view of the impact of the settlement of this transaction on individual components of the consolidated financial statements of the Boryszew Capital Group.
The results of these analyzes will be included in the consolidated report of the Boryszew Capital Group, including the results of the fourth quarter of 2020.
The purpose of these analyzes is to verify the value of the above assets for the purposes of the Issuer’s consolidated financial statements. In the event of any impairment of individual assets, the Issuer will be required, in accordance with the applicable accounting principles, to make appropriate accounting operations with respect to individual assets or their groups.
The Issuer will inform about the completion and results of the analyzes in the course of the next current report.
Detailed legal basis:
Legal attitude: Article 17 section 1 MAR – Confidential information.
Piotr Lisiecki – Chairman 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.