Grupa LOTOS SA

12/04/2020 | Press release | Distributed by Public on 12/04/2020 13:26

Execution of pledge agreement over Grupa Azoty Polyolefins shares acquired by Grupa LOTOS

Execution of pledge agreement over Grupa Azoty Polyolefins shares acquired by Grupa LOTOS
Report no. 34/20202020-12-04 • 20:16

Further to Current Report No. 32/2020 of November 16th 2020, concerning the acquisition by Grupa LOTOS S.A. (the 'Company'), pursuant to the relevant provisions of the investment agreement, of shares in Grupa Azoty Polyolefins S.A. of Police ('GA Polyolefins') with a value of PLN 300,000,000, giving the Company a 17.3% equity interest in GA Polyolefins, the Company announces that on December 4th 2020 it signed a registered and financial pledge agreement over the shares in GA Polyolefins in favour of PEKAO S.A., acting as the security agent with respect to the credit facility contracted by GA Polyolefins to finance the Polimery Police project.

Legal basis: Article 17(1) of MAR - Inside information