33/2024 – Resolution on the Intention to Sell Selected Non-Operational Assets

The Management Board of Trakcja S.A. (the “Company”, the “Issuer”) informs that today it has adopted a resolution regarding the intention to sell selected non-operational assets and to allocate the proceeds from such sales towards the proportional payment or repayment of secured receivables arising from long-term financing agreements, as reported by the Company in current report 46/2023.

The planned sale of non-operational assets will not affect the Company’s operational activities in its core areas.

The non-operational assets mentioned above include shares and stock in the following companies:

1. PRK 7 Nieruchomości sp. z o.o. – 10,200 shares, representing 100% of the share capital of this company, with a total book value of PLN 17,169 thousand.
2. PEUiM sp. z o.o. – 689 shares, representing 99.70% of the share capital of this company, with a total book value of PLN 20,600 thousand.
3. PDM S.A. – 7,433,000 shares, representing 94.65% of the share capital of this company, with a total book value of PLN 204 thousand.

The above shares (items 1 and 2) and stock (item 3) serve as collateral for receivables in the form of registered pledge and financial pledge. The proceeds from the sale of these assets will be used to repay the secured receivables.

The values (items 1-3) are based on the book values indicated in the Company’s financial statement as of March 31, 2024, and do not represent recommended transaction prices. The final decision to sell each asset will require separate corporate approvals obtained after establishing the final terms of each transaction.

The Issuer’s Management Board has decided to publish this information as any potential transactions for the sale of the aforementioned shares and stock could significantly impact the ongoing discussions with Financing Institutions regarding adjustments to financing documentation and conditions for continued financing, as well as the financial results of the Issuer. The Company will also publish updating current reports informing about the progress of the potential sale process.

Legal Basis: Article 17 MAR