With reference to Current Report No. 2/2022 of 12 January 2022, the Management Board of UNIMOT S.A. with its registered office in Zawadzkie (the “Issuer”) announces that on 1 December 2022, an agreement was concluded on the provision of property and settlement of investment expenditures connected with the realisation of the investment in the fuel terminal in Szczecin (the “Agreement”). The Agreement was concluded between PKN Orlen S.A. with its registered office in Płock (“PKN Orlen”) and Lotos Terminale S.A. with its registered office in Czechowice-Dziedzice (“Lotos Terminale”) with the participation of the Issuer and its wholly-owned subsidiary UNIMOT Investments sp. z o.o. with its registered office in Warsaw (“UNIMOT Investments”) as guarantors.
The Issuer and UNIMOT Investments entered into the Agreement due to the fact that the Issuer’s Group intends to acquire 100 per cent of the shares in Lotos Terminale, of which the Issuer informed in Current Report No. 2/2022 of 12 January 2022.
The Issuer announces that on the basis of the Agreement, Lotos Terminale will provide access to the property constituting part of the fuel terminal in Szczecin, and PKN Orlen will ensure the construction for Lotos Terminale of terminal infrastructure used for the storage and offshore transhipment of diesel and jet fuel and for increasing the storage capacity of the fuel terminal in Szczecin.
Under the Agreement, the Issuer and UNIMOT Investments have jointly and severally guaranteed the payment by Lotos Terminale to PKN Orlen of the amount agreed in the Agreement for the settlement of expenditures and incidental receivables up to a maximum amount of PLN 78 million (in aggregate) (the “Surety”). The Surety will come into effect subject to the completion of the transaction for the acquisition by the Issuer Group of 100 per cent of the shares in Lotos Terminale and will remain in force until 31 December 2032.
The settlement of the capital expenditures referred to above has been included in the Issuer’s estimated total commitment for the acquisition of the Lotos Terminale assets, as announced by the Issuer in Current Report No. 2/2022 of 12 January 2022. The settlement of capital expenditures within the Issuer Group will take place subject to the acquisition of Lotos Terminale shares.
The Issuer’s Management Board decided to publish the above information due to the value of the surety granted by the Issuer and its subsidiary and the potential impact of this information on the future development of the financial, economic and property situation of the Issuer and the Issuer Group .
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