PKN ORLEN S.A. ('Company', 'Issuer') informs that on 22 May 2018 Company's Supervisory Board approved the purchase of all shares of Unipetrol a.s. ('Unipetrol') held by Unipetrol minority shareholders, i.e. 10 827 673 shares, constituting ca. 5,97% of the Unipetrol's share capital. In the nearest future PKN ORLEN S.A. will submit an application to the Czech National Bank regarding conducting a buyout of these shares ('Buyout'). In the Buyout the Company intends to offer a price of CZK 380 per share, ie. the total price of CZK 4 114 515 740. The acquisition by the Company of the above-mentioned shares will be realized by squeeze out of minority shareholders. The Buyout will be realized with an intent of delisting of Unipetrol's shares from trading at the Prague Stock Exchange (Burza cenných papírů Praha, a.s)

Currently the Issuer owns in total 170 507 091 shares of Unipetrol, constituting ca. 94,03% of the Unipetrol's share capital and corresponding to ca. 94,03% of votes at the General Meeting of Unipetrol.

Considering all operations required to conduct a Buyout, its settlement and closing is expected by the end of 2018.

See also: regulatory announcement no 58/2018 as of 22 May 2018.


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PKN Orlen SA published this content on 22 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 May 2018 19:27:02 UTC