The Management Board of UNIMOT S.A. (“the Company”, “the Issuer”), with its registered office in Zawadzkie, announces that on XX 2022 it became aware of the completion by the Issuer’s subsidiary Unimot Energia i Gaz sp. z o.o. (“UEiG”) investment in Naturalna Energia sp. z o.o. (“NE”), as a result of the sale of 80% of the shares in NE, representing a 100% block of shares held by UEiG, to a third party and the repayment in full of the loans made to NE, including interests (the “Transaction”).
In connection with the Transaction, the investment agreement for the development of photovoltaic farm projects entered into on 14 December 2020 was terminated. (the “Investment Agreement”) together with the implementation agreements (the “Agreement”), which the Issuer announced in a current report dated 14 December 2020. (CR number 35/2020).
Upon the coming into force of the Arrangement, all rights and obligations and claims of the parties are extinguished.
The sale of the shares and the exit from the investment in NE represents the implementation of the intentions announced by the Issuer in ESPI current report No. 1/2022 of 4 January 2022. The Company’s Management also reiterates the reasons for the decision to exit the investment in NE, related to the possibility of obtaining an attractive return on this investment already at this stage.
As a result of the Transaction, UEiG’s EBITDA (i.e. earnings before interest, taxes, depreciation and amortisation) from this investment will amount to approximately PLN 4 million.
The profit obtained by the subsidiary from the Transaction will positively affect the consolidated adjusted EBITDA (i.e. EBITDA adjusted for the estimated valuation of the compulsory diesel reserve, justified transfers and one-off events) by approximately PLN 6 million.
At the same time, the Issuer’s Management Board emphasises that development in the area of renewable energy sources will remain one of the Company’s strategic objectives. UEiG has directly in its portfolio also other photovoltaic farm projects with a total capacity of 30 MW, which it intends to develop, not excluding construction with its own funds or commissioned by third parties.
The Issuer’s Management Board considered the above information to be confidential due to its strategic nature in the area of UNIMOT Group’s activities on the renewable energy sources market, due to the completion of the project related to the investment in the company Naturalna Energia sp. z o.o.
Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR Regulation)
Filip Kuropatwa, Vice-President of the Management Board
