| POLISH FINANCIAL SUPERVISION AUTHORITY | |||||||||||
| UNI - EN REPORT No | 41 | / | 2010 | ||||||||
| Date of issue: | 2010-10-08 | ||||||||||
| Short name of the issuer | |||||||||||
| KERNEL HOLDING S.A. | |||||||||||
| Subject | |||||||||||
| PURCHASE OF FARMING ENTERPRISE | |||||||||||
| Official market - legal basis | |||||||||||
| Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bie¿¹ce i okresowe | |||||||||||
| Unofficial market - legal basis | |||||||||||
| Contents of the report: | |||||||||||
| Kernel Holding S.A. informs that on 8 October 2010 a Subsidiary of Kernel Holding S.A. entered into a preliminary agreement to purchase the farming enterprise for a total consideration equivalent to USD 1.6 million. The assets of the farming enterprise include lease rights on 2 356 ha of land in the region of Kirovograd (the lease period is up to 7 years), the value of the lease rights being estimated at USD 265 per hectare, plus farming equipment, inventory and biological assets. The transaction is to be finalized by January 2011. | |||||||||||
| Annexes | |||||||||||
| File | Description | ||||||||||
| KERNEL HOLDING S.A. | |||||||||||||
| (fullname of the issuer) | |||||||||||||
| KERNEL HOLDING S.A. | Spożywczy (spo) | ||||||||||||
| (short name of the issuer) | (sector according to clasification of the WSE in Warsow) | ||||||||||||
| L-1331 | Luksemburg | ||||||||||||
| (post code) | (city) | ||||||||||||
| boulevard Grande-Duchesse Charlotte 65 | 65 | ||||||||||||
| (street) | (number) | ||||||||||||
| (phone number) | (fax) | ||||||||||||
| (e-mail) | (web site) | ||||||||||||
| (NIP) | (REGON) | ||||||||||||
| SIGNATURE OF PERSONS REPRESENTING THE COMPANY | |||||
| Date | Name | Position / Function | Signature | ||
| 2010-10-08 | A.Usachova, P.Conrad | Directors | |||
