Budimex.pl

Current report no 12 / 2021

Date: February 22, 2021 2:11 PM

Qualified consent of the Supervisory Board of Budimex S.A. to the conclusion of a conditional agreement on the transfer of shares in Budimex Nieruchomości Sp. z o.o. – delayed information

The Management Board of Budimex SA (“Budimex”), with reference to current report No 42/2020 of 3 July 2020, report No 53/2020 of 28 August 2020, report No 57/2020 of 29 September 2020, report No 68/2020 of 24 November 2020, report No 73/2020 of 30 December 2020 and report No 10/2021 of 15 February 2021 and report No 11/2021 of 22.02.2021, discloses to the public an announcement whose disclosure was delayed pursuant to Article 17(4) 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 Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (MAR), i.e. informs that on 11 February 2021 the Supervisory Board of Budimex S.A. issued qualified consent to Budimex S.A.’s transfer of 100% of shares in Budimex Nieruchomości Sp. z o.o., accepting the arrangements regarding the boundary conditions of the transaction, contained in the draft share purchase agreement (SPA), including the potential sale price amounting to PLN 1,513,000,000. At the same time, the Board recommended that the Management Board continue negotiations in order to maintain these conditions and submit them to the Board for approval in the manner laid down in §16 section 9(m) of the Articles of Association.

 

In connection with the negotiations, Budimex considered the information on obtaining the qualified consent of the Supervisory Board to be important from the investors' perspective and, therefore, deemed it appropriate to classify it as confidential information. In the opinion of Budimex, delaying the disclosure of this information was in the legitimate interest of Budimex, as disclosure of such information could prejudice the legitimate interests of Budimex and adversely affect (from the Issuer’s point of view) the outcome and conduct of the negotiation process.

 

As the negotiations have been concluded, Budimex communicates this information to the public.

Shareholders
( more )

Shareholdership structure as on 18.06.2020

GPWKNFRespect IndexSEGWIG Budownictwo
I understand

This site uses cookies, so that might work better. Read about cookies at Website Privacy Policy