Purchase of four additional engines by subsidiary Olavion sp. z o.o. in exercise of option right

  • Report: 1/2024
  • Date of publication:05.01.2024 / 01:20
  • Pdf report

The Management Board of UNIMOT S.A. with its registered office in Zawadzkie (the “Issuer”) announces the conclusion on 5 January 2024 by the Issuer’s subsidiary Olavion sp. z o.o. (hereinafter: “Olavion”) with Newag S.A. an Annex to the agreement of 13 June 2023 concerning the purchase of engines, of which the Issuer informed in current report No. 20/2023 of 13 June 2023 (hereinafter: the “Annex”).

Under the Annex, Olavion exercised its option right and will acquire four engines for a total maximum price of PLN 75 million.

Delivery of two engines will take place within 18 months, while the remaining two ones will be delivered within 30 months from the date of conclusion of the Annex.

Once the acquisition option referred to above has been exercised, Olavion can still exercise the option to acquire an additional 12 engines until the end of 2025.

As part of the Annex, the Parties extended the maintenance of the existing purchase prices of engines for orders placed until 30 April 2024. At the same time, the Parties confirmed the indexation scheme established so far for orders placed after 30 April 2024.

The Issuer considered this information confidential as it relates to the implementation of a significant agreement concluded by a subsidiary of the Issuer, as well as the potential impact of the transaction on the economic, property and financial situation of the Issuer and its Capital Group.

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