| POLISH FINANCIAL SUPERVISION AUTHORITY | |||||||||||
| UNI - EN REPORT No | 16 | / | 2022 | ||||||||
| Date of issue: | 2022-03-11 | ||||||||||
| Short name of the issuer | |||||||||||
| KERNEL HOLDING S.A. | |||||||||||
| Subject | |||||||||||
| PURCHASE OF A MINORITY STAKE IN AVERE COMMODITIES SA. | |||||||||||
| Official market - legal basis | |||||||||||
| art. 17. 1 MAR. | |||||||||||
| Unofficial market - legal basis | |||||||||||
| Contents of the report: | |||||||||||
| Kernel Holding S.A. (the “Company”) announces that it acquired 40% stake in Avere Commodities SA (the “Avere”) on 9 March 2022. Minority shareholders of Avere exercised their respective rights in accordance with Avere Shareholder Agreement to sell their stakes in Avere to the Company. Total consideration to be paid to the existing Avere minority shareholders is US$ 32 million, calculated as an estimated net assets value attributable to the respective 40% shareholding in Avere. Consideration is subject to post completion adjustment within 3 months following the completion, once the net assets value as of completion is verified by an independent auditor. As a result, the Company consolidated 100% of shares in Avere. | |||||||||||
| Annexes | |||||||||||
| File | Description | ||||||||||
| Current report 16 2022 eng.pdf | |||||||||||
| 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-1273 | Luxembourg | ||||||||||||
| (post code) | (city) | ||||||||||||
| rue de Bitbourg | 9 | ||||||||||||
| (street) | (number) | ||||||||||||
| (phone number) | (fax) | ||||||||||||
| (e-mail) | (web site) | ||||||||||||
| (NIP) | (REGON) | ||||||||||||
| SIGNATURE OF PERSONS REPRESENTING THE COMPANY | |||||
| Date | Name | Position / Function | Signature | ||
Current report 16 2022 eng.pdf
