Current reports
Current report no. 5/2022
Acquisition of project companies and conclusion of a partner agreement with Ørsted Wind Power A/S
Legal basis:
Art. 17 item 1 MAR – inside information
Contents of report:
With reference to the current report no. 27/2021 dated 14 October, 2021, concerning the conclusion of a letter of intent with Ørsted Wind Power A / S based in Fredericia, Denmark (“ORS”) ZE PAK SA (“Company”) informs that on 8 March, 2022, the Company concluded the share purchase agreement with ORS (“ORS” together with the Company “Parties”) for 5 project companies, under which the Company acquired from ORS 50% of shares in the share capital of the companies: Orsted Polska OF SPV 1 sp. z.o.o., Orsted Polska OF SPV 2 sp. z.o.o., Orsted Polska OF SPV 3 sp. z.o.o., Orsted Polska OF SPV 4 and Orsted Polska OF SPV 5 sp. z.o.o. (“Joint Venture Companies”). Total cost for shares in Joint Venture Companies was 620.000 EURO. The Parties obtained the consent of the President of the Office for Competition and Consumer Protection to implement the concentration, consisting in the creation by ORS and the Company of five joint entrepreneurs on 16 December, 2021.
Also on March 8, 2022 the Parties concluded the Partnership Agreement specifying the principles of corporate governance in the Joint Venture Companies and the terms of further cooperation.
The Parties plan to jointly submit applications for permit issuance for the construction and use of artificial islands, structures and devices in the maritime areas of the Republic of the Poland for offshore wind farm projects in the upcoming deciding proceedings, conducted in accordance with Art. 27d et seq. of the Act of March 21, 1991 on the maritime areas of the Republic of Poland and maritime administration.
Signatures of persons representing the Company:
Piotr Woźny – President of the Management Board
Maciej Nietopiel – Vice President of the Management Board