Current reports
Current report no. 14/2022
Acquisition of further project companies from Ørsted Wind Power A/S
Legal basis:
Art. 17 item 1 MAR – inside information
Treść raportu:
ZE PAK SA („Company”) informs that in relations to the current report no. 27/2021 dated October 14, 2021 concerning the conclusion of a Letter of Intent with Ørsted Wind Power A/S with its seat in Fredericia, Denmark („ORS”) and the current report no. 5/2022 of March 8, 2022 concerning the acquisition of project companies and conclusion of a partner agreement with ORS, the Company concluded the additional share purchase agreement with ORS on April 13, 2022. The agreement concerns the shares in further 5 projects companies, as a result of which the Company will acquire 50% of shares from ORS in the share capital of the following companies: Orsted Polska OF SPV 6 sp. z o.o., Orsted Polska OF SPV 7 sp. z o.o., Orsted Polska OF SPV 8 sp. z o.o., Mawzorino Investments sp. z o.o. and Orsted Polska OF SPV 10 sp. z o.o. („Joint Venture Companies”) upon entering the sale price of the shares in the ORS bank account. The total price for shares in Joint Venture Companies was EUR 170,000. The parties obtained the consent of the President of the Office of Competition and Consumer Protection to implement a concentration consisting in the creation by ORS and the Company of five joint entrepreneurs on April 7, 2022.
On the date of transferring the title to 50% of shares in the Joint Venture Companies to the Company, the Company and ORS will conclude the Amended Shareholders' Agreement, which will amend the Shareholders' Agreement concluded on March 8, 2021, about which the Company informed in the current report no. 5/2022 of March 8, 2022, in order to cover the Joint Venture Companies with the corporate governance rules set out in the Shareholders' Agreement.
The parties plan to jointly submit applications for the issuance of permits for the construction and use of artificial islands, structures and devices in the maritime areas of the Republic of Poland for offshore wind farm projects in the next resolving procedure, conducted in accordance with Art. 27d et seq. 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