Conclusion an insurance guarantee agreement

  • Report: 8/2023
  • Date of publication:14.03.2023 / 14:28
  • Pdf report

With reference to Current Report No. 3/2023 of 31 January 2023, The Management Board of UNIMOT S.A. with its registered office in Zawadzkie (the “Issuer”) announces the conclusion on 14 March 2023 of an insurance guarantee agreement with Sopockie Towarzystwo Ubezpieczeń ERGO Hestia S.A. (the “Guarantor”) in order to secure the payment of excise tax and fuel charges by LOTOS Terminale S.A. (“Lotos Terminale”) in force following the acquisition by the Issuer’s subsidiary, i.e. Unimot Investments sp. z o.o. 100% of the shares in Lotos Terminale.

The amount of the guarantee is PLN 150 million and the guarantee period is a maximum of 12 months. The beneficiary of the guarantee referred to above is the Head of the 2nd Tax Office in Bielsko-Biała. Together with the aforementioned agreement, the Issuing Party issued a blank promissory note with a promissory note declaration to the Guarantor in order to secure its recourse claims resulting from the guarantee.

Taking into account the value of the insurance guarantee contract, the Issuer Party considered this information as confidential.

Legal basis:

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)

Persons representing the Company:

Filip Kuropatwa, Vice-President of the Management Board