UNIPETROL, a.s. (hereinafter "UNIPETROL") informs that the General Meeting of UNIPETROL, a.s., held on 28 August 2018, adopted a decision on the squeeze out of all UNIPETROL’s participation securities to Polski Koncern Naftowy ORLEN Spółka Akcyjna (hereinafter “PKN ORLEN S.A.”), a joint stock company established and existing under the laws of the Republic of Poland, with its registered office at Chemików 7, 09-411 Płock, Republic of Poland, registered in the Register of Entrepreneurs maintained by the District Court in the Capital City of Warsaw in Warsaw, XIV Commercial Division of the National Court Register under KRS number: 0000028860 as the majority shareholder in accordance with § 375 and 382 of the Business Corporations Act.
Pursuant to this General Meeting resolution, PKN ORLEN S.A. will, subject to terms set forth in this General Meeting resolution and relevant legal regulations, provide other UNIPETROL shareholders, eventually pledgees if establishing of a pledge of other shareholders´ shares in UNIPETROL is evidenced, a monetary consideration of CZK 380 per one UNIPETROL share.
Important Notice
In accordance with Section 385 (1) of the Business Corporations Act, ownership of other shares of UNIPETROL shall transfer to PKN ORLEN S.A. upon lapse of one month from publication of registration of the General Meeting resolution on the squeeze out of all participation securities in the Commercial Register. UNIIPETROL will publish information regarding date of the publication of the UNIPETROL General Meeting resolution on the squeeze out of all participation securities in the Commercial Register through a regulatory announcement.
Prague, 28 August 2018
UNIPETROL, a.s.
Regulatory announcement No. 33/2018
For more information on UNIPETROL, please contact Investor Relations Department
Tel.: +420 225 001 488
IR@unipetrol.cz | Investor relations web page
The Unipetrol Group is the largest refinery and petrochemical company in the Czech Republic. It focuses primarily on crude oil processing, distribution and sale of fuel and petrochemical products — particularly plastics and fertilisers. In all these fields, the group is a key player on both the Czech and Central European market. The Unipetrol Group includes refineries and production plants in Litvínov and Kralupy nad Vltavou, Paramo with the Mogul brand in Pardubice and Kolín, Spolana in Neratovice, and two research centres in Litvínov and Brno. Unipetrol also owns the Benzina network of petrol stations with 406 stations, which is the largest chain in the Czech Republic. Unipetrol is one of the largest companies in the Czech Republic in terms of turnover. The group created revenue of over CZK 122 billion last year and employs more than 4600 people. In 2005, Unipetrol became part of the PKN Orlen Group, the largest crude oil processor in Central Europe.
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