PKN ORLEN has not yet received from Agrofert Holding consent to reveal the details of the agreements
Following the requests send by PKN ORLEN for Agrofert`s consent to announce material matters set out in the formal agreements executed between parties, PKN ORLEN informs that it still didn`t get from Agrofert Holding consent to the disclosure of information relating to the agreements and publication of whole agreements.
PKN ORLEN underlines that its activities are transparent and ethical and it would expect the same from its contractors. Immediately after receiving on September 7th the request of Agrofert Holding to disclose parts of the agreements PKN ORLEN granted to Agrofert Holding the consent with disclosure of confidential information related to the selected parts of agreement. At the same time Agrofert Holding didn`t reply for a request of PKN ORLEN for consent to announce agreements to, among others, Warsaw and London Stock Exchanges and general public.
Most of the information concerning the agreements has been so far cover by confidentiality clauses. Unfortunately, until now PKN ORLEN was not allowed by Agrofert Holding to reveal the details of the agreements, although it had applied for such an allowance already in June 2005 and on September 7th again requested Agrofert to countersign the letter to agree for disclosure of not only parts, but all the agreements, letter of interest, side letter related to Agrofert Holding`s and PKN ORLEN`s contracts as regards sale of assets.
