With reference to Current Report No. 9/2023 of 5 April 2023, the Management Board of UNIMOT S.A., with its registered office in Zawadzkie (the “Issuer”), announces that on 4 July 2023 the Issuer concluded the promised agreement, by virtue of which the Issuer acquired from two natural persons (the “Seller”) 80 per cent of the shares in a company intended for logistics and trading in the energy raw materials industry, operating under the name P2T sp. z o.o. (within the Issuer Group, the company will operate under the name UNIMOT COMMODITIES sp. z o.o.). (the “Promised Agreement”, “the Transaction”).
The Promised Agreement was concluded in connection with the fulfilment of all conditions precedent set out in the preliminary conditional agreement on the sale of shares.
For the purchase of 80 per cent of the shares, the Issuer is obliged to pay the basic price and an additional price to be determined under the earn-out mechanism by paying a share of the profit generated in 2023-2024. The total value of the Issuer’s involvement in the Transaction, excluding the additional price to be calculated under the earn-out mechanism, amounts to PLN 15 million (including PLN 5 million payable on the date of the Transaction and PLN 10 million payable by 31 December 2023).
The Issuer considered this information to be confidential due to the expansion of the Issuer’s 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)
Adam Sikorski, President of the Management Board