No. 32/2022 | 20-07-2022 | 10:47
Disclosure of delayed inside information regarding consent of the PKN ORLEN Management and Supervisory Boards for signing of the agreement between PKN ORLEN S.A. and the State Treasury regarding planned merger of PKN ORLEN S.A. with Grupa LOTOS S.A.
PKN ORLEN S.A. (“Company”) discloses the following inside information, publication of which was delayed on 19 July 2022:
“PKN ORLEN (“Company”) informs that on 19 July 2022 the Company’s Management and Supervisory Boards gave consent for signing of an agreement between the Company and the State Treasury regarding the planned merger of the Company with Grupa LOTOS S.A. (“Grupa LOTOS”) (“Agreement”).
The Agreement sets forth the Company’s declarations of intent not constituting a contractual obligation of the Company regarding: (i) realization of the energy policy of Poland for crude oil and liquid fuels (traditional) and (ii) continuation of employment policy towards employees of Grupa LOTOS capital group, who will become employees of the Company’s capital group after the merger, assuring proper and safe operating of the workplaces belonging to Grupa LOTOS capital group before the merger and also Company’s commitment to continue key investments that are realized by Grupa LOTOS before the merger, indicated in the Agreement.”