The Management Board of Polenergia S.A. (‘Issuer’), acting pursuant to Art. 17 (1) of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (OJ L 173, 2014, p. 1, as amended), hereby notifies that on 26th April 2018 the Issuer’s subsidiaries, i.e. Certyfikaty sp. z o.o., Polenergia Obrót S.A. and Polenergia Usługi sp. z o.o. (‘Subsidiaries’) received a letter from the mediator conducting the mediation between the Subsidiaries and Eolos Polska sp. z o.o. (‘Eolos’). The mediation turned out ineffective and was brought to an end, which means that the dispute will be continued in court proceedings before the District Court in Warsaw.
As part of the above-mentioned dispute, Eolos demands a joint payment by the Subsidiaries of PLN 27 895 009 together with the statutory interest due to the alleged failure to execute contracts that expired on 5th January 2016. The Issuer announced the expiration of the contracts in Current Report No. 1/2016 of 5th January 2016.
In response to the legal action, the Subsidiaries plead that the claim is entirely unfounded, and Polenergia Obrót S.A. and Polenergia Usługi sp. z o.o. question the basis of their alleged joint responsibility for the liabilities of Certyfikaty sp. z o.o. specified by Eolos.