No. 52/2020 | 21-09-2020
Disclosure of delayed inside information regarding initiation of process directed to purchase of all ENERGA S.A. shares held by minority shareholders
PKN ORLEN S.A. (“Company”, “Issuer”) discloses the following inside information, publication of which was delayed on:
• 2 September 2020:
“PKN ORLEN S.A. (“Company”) informs that on 2 September 2020 it initiated works in the process directed to purchase of all ENERGA S.A. shares held by minority shareholders and delisting ENERGA S.A. shares from trading at the Warsaw Stock Exchange
PKN ORLEN holds ca. 80% of the ENERGA S.A. share capital, corresponding to ca. 85% of votes at the General Meeting of ENERGA S.A.”
• 14 September 2020:
“PKN ORLEN S.A. (“Company”) informs that on 14 September 2020 the Company’s Management Board gave its consent to the tender offer (delisting offer) for ENERGA S.A. shares held by other shareholders pursuant to Art. 91 item 5 of the Act of 29 July 2005 on public offering, on the conditions governing the introduction of financial instruments to organised trading and on public companies (OJ 2019.623, as amended) at a price no higher that PLN 8.35 per one share, i.e. at a total value of the tender offer amounted to up to PLN 690 996 168, aiming at delisting of ENERGA S.A. shares from trading.
The Management Board’s consent mentioned above depends on Company’s Supervisory Board consent.
PKN ORLEN holds ca. 80% of the ENERGA S.A. share capital, corresponding to ca. 85% of votes at the General Meeting of ENERGA S.A.”
• 21 September 2020:
“PKN ORLEN S.A. (“Company”) informs that on 21 September 2020 the Company’s Supervisory Board gave its consent to the tender offer (delisting offer) for ENERGA S.A. shares held by other shareholders pursuant to Art. 91 item 5 of the Act of 29 July 2005 on public offering, on the conditions governing the introduction of financial instruments to organised trading and on public companies (OJ 2019.623, as amended) at a price no higher that PLN 8.35 per one share, i.e. at a total value of the tender offer amounted to up to PLN 690 996 168, aiming delisting of ENERGA S.A. shares from trading.
PKN ORLEN holds ca. 80% of the ENERGA S.A. share capital, corresponding to ca. 85% of votes at the General Meeting of ENERGA S.A.”