In accordance with the extraordinary information of PannErgy Plc. of 6 May 2019 and in line with the decision by PannErgy Geothermal Power Plants Ltd. as owner and the relevant orders by the Company Registry Court of Budapest Capital Regional Court, PannErgy Koncessziós Kft. (registered office: H-1117 Budapest, Budafoki út 56.; company registration number: 01-09-294050), pursuant to Section 3:44(1) of the Civil Code and to Section 2(1) of Act CLXXVI of 2013 on the Reorganisation, Merger and Demerger of Legal Persons, merged into Arrabona Geotermia Kft. (registered office: H-1117 Budapest, Budafoki út 56.; company registration number: 01-09-996469).
As the merger takes the form of acquisition as per Section 3:44(1) of the Act on the Civil Code, PannErgy Koncessziós Kft. as acquired company merged into Arrabona Geotermia Kft. as acquiring legal person. Consequently, PannErgy Koncessziós Kft. has been terminated, with its universal successor being Arrabona Geotermia Kft. as acquiring company that, after the merger, as of the effective date of 30 June 2019, will be pursuing its predecessor's activities undertaken under a concession contract as well as its activities carried out so far, under the name of Arrabona Koncessziós Kft. The supervisory approval process relating to the transformation has been closed on 17 July 2019.
PannErgy Plc.
This announcement is published in Hungarian and English languages. In case of any contradiction between these two versions, the Hungarian version shall prevail.
PannErgy Nyrt.
H-1117 Budapest, Budafoki út 56. A lh. IV. em. Hungary
South Buda Business Park
Cégjegyzékszám / Registered number: 01-10-041618
Telefon: +36 1 323 2383; Fax: +36 1 323 2373
Adószám / VAT reg. number: 10558377-2-43 EU adóigazgatási szám / EU VAT reg. number: HU10558377
CIB BANK SWIFT: CIBHHUHB
HUF IBAN: HU53 1070 0024 0250 2106 5110 0005
EUR IBAN: HU11 1070 0024 0250 2106 5000 0005
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PannErgy Nyrt. published this content on 17 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 July 2019 17:24:07 UTC
PannErgy Nyrt. is engaged in the energy related utilization, exploration and sale of renewable geothermal energy. The Company, through its subsidiaries, operates geothermal projects in Miskolc, Gyor, Szentlorinc and Berekfurdo, among others. The Company operates through two segments: Energy and Asset Management. The Energy segment includes member firms and activities focusing on energy production along with the activities supporting and serving energy investments. The Asset Management segment focuses primarily on the management of the properties in Csepel and Debrecen that are not necessary for the Energy segment directly. The Asset Management segment also includes the management and direction of the Company as a financial holding and a stock exchange issuer. The Company's subsidiaries include PMM Zrt., Kuala Kft., PannErgy Geotermikus Eromuvek Zrt., TT Geotermia Zrt., Miskolc Geotermia Zrt., Arrabona Geotermia Kft. and DoverDrill Melyfuro Kft. PMM Zrt.