The Management Board of Polenergia S.A. seated in Warsaw (‘Issuer’), acting pursuant to Art. 80 (1–2) of the Act of 29th July 2005 on public offering, conditions governing the introduction of financial instruments to organised trading, and public companies (‘Act’), hereby presents its position regarding a tender offer, announced on 22nd May 2018, pursuant to Art. 74 (1) of the Act, by PGE Polska Grupa Energetyczna S.A. seated in Warsaw, to subscribe for sale of the Issuer’s shares entitling to 100% of the total number of votes at the General Meeting of the Company.
The position of the Management Board of the Issuer, accompanied by the opinion of Deloitte Advisory sp. z o.o. regarding the financial terms of the tender offer to subscribe for sale of 100% of the Issuer’s shares, are attached to this report.