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Current report No. 27/2017 of 3 October 2017 (h. 15:24) – MSE’s withdrawal from the agreement on PKP CARGO S.A. and Minezit SE establishing a joint-venture

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Legal basis (selected in ESPI):

Article 17 Section 1 of MAR – confidential information

 

In reference to current report no. 26/2017 of 30 September 2017 on the elapse of the deadline for reaching an agreement with Minezit SE (“MSE”) (“Agreement with MSE”) to establish a joint-venture, the Management Board of PKP CARGO S.A. (“PKP CARGO”, “Company”) hereby reports the receipt on 3 October 2017 of Minezit SE’s notification of withdrawing from the executed Agreement with MSE. At the same time, MSE summoned the Company to pay the price for the option to put 15,000 shares representing 20% of all the shares in the share capital of Advanced World Transport B.V. totaling EUR 27,000,000 (twenty-seven million Euro) (“Put Option Price”) within 20 business days from the date of receipt of the withdrawal notification.

 

The PKP CARGO Management Board reports that the Company has secured funds for payment of the Put Option Price.

 

 

Legal basis:

Article 17 Section 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council on Market Abuse

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