No. 53/2020 | 21-09-2020
Announcement of the tender offer for shares of ENERGA S.A. headquartered in Gdańsk held by all other ENERGA shareholders
PKN ORLEN S.A. (“PKN ORLEN”, “Company”) informs that on 21 September 2020 announced the tender offer (delisting offer) for sales of shares issued by ENERGA S.A. headquartered in Gdańsk (“ENERGA”) held by all remaining ENERGA shareholders (“Tender Offer”). The Tender Offer was announced 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) (“Act”).
At the same time the Company submitted to ENERGA a motion to convey an extraordinary general meeting and placing in the agenda a point concerning adopting a resolution regarding delisting of ENERGA shares from trading.
The Tender Offer concerns 82,754,032 dematerialized ordinary bearer “AA” class ENERGA shares, with nominal value of PLN 10.92 each, where 1 “AA” class share has 1 vote at ENERGA general meeting attached to it, 82,754,032 votes at the general meeting in aggregate for all ordinary bearer “AA” class shares, admitted and introduced to trading in a regulated market operated by Giełda Papierów Wartościowych w Warszawie S.A. and labelled by Krajowy Depozyt Papierów Wartościowych S.A. with the code PLENERG00022; (“Share” or “Shares”).
The Company is a sole entity purchasing the Shares in the Tender Offer.
The price at which Shares are to be purchased under the Tender Offer amounts to PLN 8,35 per one Share.
The Tender Offer has been announced under the condition that ENERGA general meeting will adopt a resolution regarding delisting of ENERGA shares from trading.
The subscription period will start on 9 October 2020 and will end on 20 November 2020.
Full text of the Tender Offer was published in the Polish Press Agency (PAP) service.
See also: regulatory announcement 52/2020 as of 21 September 2020.