Current Report No. 35/2020
Date: 30 April 2020
Legal basis: Art. 70 item 1 of the Act on Offerings – purchase or sale of a considerable equity stake
The Management Board of Energa SA (”Company") informs that on 30 April 2020 it received a notification from PKN ORLEN S.A. (“PKN ORLEN”) submitted pursuant to Article 69(1)(1) of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading and on Public Companies concerning a change by PKN ORLEN of its share in the Company’s share capital and in the total number of votes in the Company.
On 30 April 2020 PKN ORLEN, as a result of settlement of the purchase of shares covered by subscriptions made from 10 April 2020 until 22 April 2020 inclusive as part of the tender offer announced by PKN ORLEN on 5 December 2019 to subscribe for the sale of the Company’s shares (“Tender Offer”), it increased its share in the Company’s share capital and in the total number of votes in the Company to 80.01% and 85.20%, respectively.
Prior to the settlement of the abovementioned transactions of purchase of the Company's shares, the share of PKN ORLEN in the Company's share capital and in the total number of votes in the Company stood at 8.10%, and 6.00%, respectively.
At the same time, the Company received from PKN ORLEN a notification about establishment of parent-subsidiary relationship between PKN ORLEN and the Company, which is the result of settlement of all transactions of purchase of shares covered by subscriptions made under the Tender Offer.
The Company provides the said notifications in an annex hereto.
1. Notification of PKN ORLEN - change in shareholding of Energa SA
2. Notification of PKN ORLEN - establishment of parent-subsidiary relationship between PKN ORLEN and Energa SA