| Disclosure of delayed inside information regarding the purchase of all of Unipetrol a.s. shares Regulatory announcement no 58/2018 dated 22 May 2018
PKN ORLEN S.A. (“Company”, “Issuer”) discloses the following inside information, publication of which was delayed on: - 25 April 2018:
“PKN ORLEN S.A. („Company”, „Issuer”) informs that on 25 April 2018 Company’s Management Board decided to take actions aimed at the buy-out of all shares of Unipetrol a.s. (“Unipetrol”) held by Unipetrol minority shareholders (“Buy-out”). The Buyout will be realized with an intent of delisting of Unipetrol’s shares from trading at the Prague Stock Exchange (Burza cenných papírů Praha, a.s)
Currently the Issuer owns in total 170 507 091 shares of Unipetrol, constituting ca. 94,03% of the Unipetrol's share capital and corresponding to ca. 94,03% of votes at the General Meeting of Unipetrol.
On the base of Art. 17 item 1 and 4 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.”
- 15 May 2018:
“PKN ORLEN S.A. („Company”, „Issuer”) informs that on 15 May 2018 Company’s Management Board decided to purchase all shares of Unipetrol a.s. (“Unipetrol”) held by Unipetrol minority shareholders, i.e. 10 827 673 shares, constituting ca. 5,97% of the Unipetrol's share capital and submit an application to Czech National Bank regarding conducting a buyout of these shares (“Buyout”). In the Buyout the Company intends to offer a price of CZK 380 per share, ie. the total price of CZK 4 114 515 740. The acquisition by the Company of above-mentioned shares will be realized by squeeze out of minority shareholders. The Buyout will be realized with an intent of delisting of Unipetrol’s shares from trading at the Prague Stock Exchange (Burza cenných papírů Praha, a.s)
Currently the Issuer owns in total 170 507 091 shares of Unipetrol, constituting ca. 94,03% of the Unipetrol's share capital and corresponding to ca. 94,03% of votes at the General Meeting of Unipetrol.
Considering all operations required to conduct a Buyout, its settlement and closing is expected by the end of 2018.
On the base of Art. 17 item 1 and 4 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.”
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