No. 71/ 2015
| 30-04-2015
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") informs that on 30 April 2015 PKN ORLEN and Rosneft Oil Company, Moscow, Russia, signed second annex (“Annex”) to the agreement dated 21 June 2013 for crude oil deliveries to Unipetrol RPA s.r.o.
The Annex provides increase of crude oil volumes deliveries to Unipetrol RPA s.r.o. by ca. 120 th t of REBCO crude oil per month. The Annex will be valid from 1 May 2015 to 30 June 2016.
As of the day of signing of the Annex, the estimated total value of the deliveries, specified in the Annex, by 30 June 2016 amounts to approximately USD 0,7 bn (i.e. approximately PLN 2,6 bn, based on the average PLN/USD exchange rate as of 30 April 2015, as stated by the National Bank of Poland).
The necessity to secure additional deliveries of crude oil to Unipetrol RPA s.r.o. results from today increase of Unipetrol a.s. share in Česká Rafinérská share capital to 100%.
Unipetrol RPA s.r.o. is a company, in which 100% of shares is held by Unipetrol a.s. PKN ORLEN owns ca. 63% share in Unipetrol a.s.
See also: regulatory announcement no 229/2013 dated 21 June 2013 and regulatory announcement no 101/2014 dated 28 March 2014
In accordance with the “Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information to be published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state” the abovementioned Annex is a “significant agreement” due to the fact that its value exceeds 10% of PKN ORLEN’s equity.