Current reports
Current report no. 4/2022
Acquisition of a wind project by the subsidiary of ZE PAK SA, i.e. PAK-Polska Czysta Energia sp. z.o.o.
Legal basis:
Art. 17 sec. 1 MAR - inside information
Contents of the report:
The Management Board of ZE PAK SA („the Company”) informs that on March 4, 2022, PAK-Polska Czysta Energia sp. z.o.o based in Konin (i.e. subsidiary of the Company) (“PAK-PCE”) acquired from KI Foundation, a foundation established and operating in accordance with the laws of the Republic of Malta (“Seller”), 200 (two hundred) shares with a nominal value of PLN 50.00 (fifty zlotys) each (“Shares”), representing 100% of the total share capital of Farma Wiatrowa Przyrów sp. z.o.o. based in Warsaw (“Project Company”).
PAK-PCE acquired the Shares from the Seller (“Transaction”) as part of an investment project consisting in the implementation of RES installations by PAK-PCE in the form of a set of 14 (fourteen) wind farms within the commune of Przyrów, Częstochowa county, śląskie voivodeship (“Investment Project”).
The Investment Project provides for the construction of a wind farm consisting of 14 (fourteen) wind turbines with a total capacity of 42 MW in Przyrów (“ Farm”). The wind conditions in this region make it possible to estimate the annual production of the farm at nearly 105.2 GWh. The project has a complete set of administrative and legal permits allowing for the commencement of construction works on wind turbines. The transaction documentation provides for obtaining a set of administrative and legal permits allowing for the completion of construction works and connection of the Farm to the network. The expected date for launching the Farm is the third quarter of 2024 at the latest. The total estimated capital expenditure related to the acquisition and implementation of the Farm will amount to nearly PLN 342 million.
Legal basis: Art. 17 sec. 1 of 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 of the Council and Commission directives 2003/124/EC, 2003/125/EC and 2004/72/EC
Signatures of persons representing the Company
Piotr Woźny - President of the Management Board
Maciej Nietopiel - Vice President of the Management Board