Conclusion of further contracts for the purchase of rail wagons bearing a significant total value

Report: 6/2023
Date of publication:22.02.2023 / 14:55
Pdf report

With reference to Current Report No. 44/2022 of September 30, 2022, the Management Board of UNIMOT S.A. with its registered office in Zawadzkie (the “Issuer”) informs that on February 22, 2023, it received information that on February 21, 2023, the contractor signed an agreement for the purchase by the Issuer’s Group of new rail tankers intended for the transportation of petrol or diesel fuel (the “Wagons”).

The total value of the agreements concluded in this scope with the same contractor, following the publication of Current Report No. 44/2022 of September 30, 2022, amounts to a total of EUR 19,425,000, i.e. PLN 92,208,532.50 converted at the average exchange rate of the National Bank of Poland as of the date of the agreement (the “Agreements”).

Following the conclusion of the Agreements, Wagons with a capacity of about 10 thousand cubic meters have been purchased and will be delivered gradually until July 15, 2023. To date, tankers (including the Wagons mentioned above) with a total capacity of more than 18 thousand cubic meters have been purchased.

The purchased Wagons constitute a significant supplementation of the Issuer Group’s logistics base and will be primarily used by the Issuer Group, and will also be made available to external entities, if possible. The development of own rail resources will allow the Issuer Group to make its operations more flexible and increase the efficiency of liquid fuel trading.

The Issuer considered the above information confidential, due to the significant total value of the contracts concluded with one entity, counting from the date of publication of the last current report on the matter, i.e. September 30, 2022, and the fact that the purchase of its own rail tankers is part of implementing by the Issuer its business strategy related to the development of operations in the fuel logistics market.