Grupa Azoty S A : EGM 13.03.2024 Resolution not passed
March 14, 2024 at 05:22 am EDT
Share
RESOLUTION NO. 18
OF THE EXTRAORDINARY GENERAL MEETING OF GRUPA AZOTY S.A. OF TARNÓW HELD ON 13 MARCH 2024 TO CONSENT TO THE ACQUISITION BY THE COMPANY OF ALL SHARES IN SOLARFARM BRZEZINKA SP. Z O.O.
Pursuant to Art. 50.12(a) of the Articles of Association of Grupa Azoty S.A. (the "Company"), having considered the Management Board's request of 10 January 2024 for the General Meeting to resolve on the proposed acquisition by the Company of all shares in Solarfarm Brzezinka sp. z o.o. in furtherance of the Grupa Azoty Group's climate and energy transition programme, including the accompanying documentation submitted on the matter, as well as having considered the Supervisory Board's opinion on the request, the Extraordinary General Meeting of the Company resolves as follows:
Section 1
The Extraordinary General Meeting of the Company hereby consents to the acquisition by the Company from VSB Holding GmbH of all shares in Solarfarm Brzezinka sp. z o.o. (registered with the National Court Register under No. KRS 0000866722) for a total price of EUR 37,800,000.00 (thirty- seven million, eight hundred thousand euro, 00/100), plus an earn-out consideration of EUR 70,000.00 (seventy thousand euro, 00/100) per each additional MWp DC, but in any case of no more than EUR 2,100,000.00 (two million, one hundred thousand euro, 00/100) in total, payable on condition that within five years from the launch by Solarfarm Brzezinka sp. z o.o. of a 270 MWp solar PV farm, the farm's capacity is expanded beyond 270 MWp but to no more than 300 MWp, and this expanded capacity is successfully commissioned.
Grupa Azoty SA published this content on
14 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
14 March 2024 09:21:06 UTC.
Grupa Azoty SA is a Poland-based producer of chemical products. Its products portfolio is divided into five segments. Fertilizers segment includes manufacturing and sales of nitrogenous fertilizers (urea, nitrate, ammonium nitrates, ammonium sulphate nitrate, a mixture of ammonium sulphate and urea, ammonium sulphate), compound fertilizers, ammonia; Plastics segment is engaged in manufacturing and sales of polyamide 6 (Tarnamid, Alphalon), polyacetal (Tarnoform), caprolactam; OXO segment includes manufacturing and sales of alcohols (2-ethylohexanol, n-butanol, isobutanol, octanol F) and plasticizers, such as bis(2-ethylhexyl) phthalate, diisobutyl phthalate, among others; Pigment segment is engaged in manufacturing and sales of titanium white, Tytanpol; Other Activities segment includes energy, laboratory services, catalysts, rental of properties. The Company operates through subsidiaries, including Grupa Azoty ZAK SA, ATT Polymers GmbH, Zaklady Chemiczne Police SA, among others.