52/2019 – Information on the implementation of the contract of sale of the company from the Trakcja Capital Group and the transfer of rights and obligations

W nawiązaniu do raportu 25/2018 oraz 7/2019 Zarząd Spółki Trakcja PRKiI S.A. („Emitent”) informuje, że w With reference to reports 25/2018 and 7/2019, the Management Board of Trakcja PRKiI S.A. (The ‘Issuer’) informs that today it became aware that it obtained the required approvals from banks and public institutions yesterday. In connection with this, the agreement (‘Agreement’) concluded by the company AB Kauno Tiltai with its registered office in Lithuania, belonging to the Issuer’s Capital Group regarding:

• sale of all shares in UAB Pletros investicijos with its registered office in Lithuania (hereinafter referred to as the ‘Company’), in which AB Kauno Tiltai held 100% shares;
• transfer of rights and obligations, including rights to claims under claims, arising from the loan agreement concluded between AB Kauno Tiltai and the Company.

The purchaser of the Company is the Lithuanian company – SPV-39 UAB (‘Buyer’). There are no capital connections between AB Kauno Tiltai and the Buyer.

The total amount of the transaction was EUR 2.97 million (i.e. approx. PLN 13.0 million).

The Issuer’s Management Board has decided to publish this information because the transaction has an impact on the organizational optimization of the Trakcja Capital Group and has a significant impact on the Group’s financing structure, including the reduction of its debt.

Legal basis:

Art. 17.1 MAR