With reference to Current Report No. 4/2018 of 5th March 2018 (’Current Report’), the Man-agement 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, hereinafter referred to as ‘MAR’), hereby notifies that on 21st April 2018 the Management Board of the Company learnt about the validation at the end of 20th April 2018 of the second entry in the Register of Companies of the National Court Register made by the District Court for the capital city of Warsaw in Warsaw, XII Commercial Division of the National Court Register, concerning the increase of the share capital by amending the articles of association of Polenergia’s subsidiar-ies – Polenergia Bałtyk II sp. z o.o. and Polenergia Bałtyk III sp. z o.o. (jointly ‘SPV’).
The validation of the above amendments to the articles of association of SPV means that one of conditions precedent specified in the Current Report, regarding a transaction of sale of 50% of shares of SPV by the Company to Statoil Holding Netherlands B.V., was met accord-ing to the preliminary conditional sale agreement (‘Preliminary Agreement’).
Signing the Preliminary Agreement was revealed by Polenergia in the Current Report.
Polenergia will publish information on fulfillment or non-fulfillment of the second condition precedent, defined in the Preliminary Agreement, indicated in the Current Report.