Expiry of the exclusivity period for negotiations with shareholders of Advanced World Transport B.V
Legal basis (selected in ESPI): Art. 56 sec. 5 of the Act on Offering confidential information up-date
In relation to the current report No. 56/2014 dated 2 September 2014, the Management Board of PKP CARGO S.A. (the “Company”) hereby announces the expiry, on 20 October 2014, of the exclusivity period for negotiations with all shareholders of Advanced World Transport B.V (“AWT”) (the “Potential Sellers”) regarding the potential acquisition by the Company of 100% of the shares in AWT (the “Potential Transaction”). Exclusivity had been granted to the Company based on a memorandum of understanding dated 1 September 2014 concluded between the Company and the Potential Sellers.
Despite the expiry of the exclusivity period, the Company and the Potential Sellers have agreed to continue their negotiations on a non-exclusive basis.
Legal basis: Art. 56 sec. 5 of the Act of 29 July 2005 on public offering and terms of introducing financial instruments to organized trading, and on public companies (Journal of Laws of 2013, item 1382).