Current report no: 6/2022
The Management Board of Boryszew S.A. (Company, Issuer) advises that on 4 March 2022, the Management Board of Maflow France Automotive S.A.S, a subsidiary based in Chartes, France (“Maflow France”) made a decision on the intention to commence the process of liquidation of Maflow France Automotive S.A.S,
The decision of the Management Board of Maflow France on the intention to commence the liquidation by submitting a request to the General Meeting of Shareholders of Maflow France was made in particular following the failure of Maflow France to obtain new, perspective production orders, which would ensure profitability in the short and medium term.
Boryszew S.A. holds 100% shares in the share capital of Maflow France and in the total number of votes on the General Meeting of Shareholders.
Maflow France in 2021 generated sales revenue of EUR 13.5 million and net result (loss) of EUR – 0.7 million (in 2020 respectively: EUR 16.1 million and EUR – 0.1 million).
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.