With reference to Current Reports No. 4/2018 of 5th March 2018, 7/2018 of 21st April 2018, 11/2018 of 27th April 2018 and 13/2018 of 2nd May 2018, the Management Board of Polenergia S.A. (‘Company’ or ‘Polenergia’), 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 informs that on 22nd May 2018, the Company and Statoil Holding Netherlands B.V. (‘Statoil Holding Netherlands’) concluded the final agreement transferring the ownership of 50% of shares (‘Shares’) held by the Company in each of the following companies: (i) Polenergia Bałtyk II sp. z o.o. and (ii) Polenergia Bałtyk III sp. z o.o. (jointly ‘SPV’), which carry out projects of the construction of offshore wind farms in the Baltic Sea. On the same day, the ownership of Shares in SPV was transferred to Statoil Holding Netherlands.
At the same time, on the same day, the following agreements were concluded: (i) agreements on the development and implementation of the projects of offshore wind farms in the Baltic Sea (so-called Development and Execution Services Agreements) between each of the SPV and Statoil New Energy Service Centre B.V. (a member of the Statoil capital group), (ii) service agreements between each SPV and the Company, and (iii) shareholders’ agreements regarding each of the SPV between the Company, Statoil Holding Netherlands and each SPV, respectively.
The terms and conditions of the transaction of the SPV Shares disposal by Polenergia, including the final agreement transferring the SPV Shares to Statoil Holding Netherlands and other agreements referred to above, were published in Current Report No. 4/2018 of 5th March 2018.