11/16/2020 | Press release | Distributed by Public on 11/16/2020 13:41
Further to Current Report No. 12/2020 of May 31st 2020 on the execution of transaction documents concerning the terms and conditions of Grupa LOTOS S.A.'s involvement in the financing of the Polimery Police project carried out by Grupa Azoty Polyolefins S.A. ('GA Polyolefins'), Grupa LOTOS S.A. (the 'Company') announces that pursuant to the investment agreement on November 16th 2020 the Company acquired new shares in GA Polyolefins by making a cash contribution in a total amount of PLN 300,000,000 in payment of the issue price of the new shares. The share premium will be allocated to the statutory reserve funds of GA Polyolefins.
Following registration of the share capital increase at GA Polyolefins by the competent court, Grupa LOTOS S.A.'s interest in the increased share capital of GA Polyolefins will amount to 17.3%.
Legal basis: Article 17(1) of MAR - Inside information