Investor Relations news

GENERAL MEETING

THE SUWARY SPÓŁKA AKCYJNA MANAGEMENT BOARD NOTICE OF CONVENING AN ORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD AT 1 PM, ON MARCH 8, 2017 IN PABIANICE, PIOTRA SKARGI 45/47

15.02.2017

more >>

GROUP COMPANIES

Raporty bieżące

Current report 39/2011 Concluding an agreement for the sale of shares in Kartpol Group Sp z o.o.

The Management Board of Suwary S.A. in Pabianice (“the Company”) inform that on September 14th 2011, in connection with the conclusion of a preliminary agreement with Mr Jerzy Marek Kamiński (“Transferor”) about which the Company informed in its current report No. 42/2010 dated September 20th 2010, the Company concluded an agreement (“the Agreement”) for the sale of 11 shares (“the Shares”) of Kartpol Group Sp z o.o. of the nominal value PLN 500 each. The share purchase price amounted to PLN 2 500 000. The transfer of share ownership onto Suwary S.A. shall take place on the date of the acknowledgement of the Transferor’s account, i.e. 14 days of the Agreement conclusion. The Agreement does not provide for stipulated penalties whose max. value might exceed 10% of the Agreement value, or at least EUR 200 000. The remaining conditions of the Agreement do not diverge from the conditions commonly applied for this kind of agreements. The 11 shares of Kartpol Group Sp z o.o. will be paid from the Company’s own funds. In connection with the conclusion of agreement with Mr Jerzy Marek Kamiński for the sale of 39 shares in Kartpol Group Sp z o.o. signed on September 20th 2010 (i.e. within the last 12 months) and an agreement for the sale of 11 shares in Kartpol Group Sp z o.o., signed on September 14th 2011, the Company concluded significant agreements and acquired assets constituting assets of a significant value. The criterion for recognizing the agreements and the acquired assets as significant ones is the value of the Suwary S.A. equity. Since September 20th 2010, i.e. - the purchase of 39 shares in Kartpol Group Sp z o.o. from Mr Jerzy Kamiński - the purchase of 39 shares in Kartpol Group Sp z o.o. from Mr Szczepan Kwiatek - the acquisition of 10 shares in Kartpol Group Sp z o.o. by contribution in cash as initial capital contribution in Kartpol (Current Report 42/2010 dated September 20th 2010) Kartpol Group Sp z o.o. is a daughter company of Suwary S.A. Following the transfer of the 11 Kartpol shares onto Suwary S.A. the company will hold 99 Kartpol Group shares constituting 90% of Kartpol Group Sp z o.o. share capital. The Company intends to purchase 100% of shares in Kartpol Group Sp z o.o. Kartpol is a manufacturer of packaging for construction chemicals. The Company is planning to continue the existing operations of Kartpol in the future.

2011-09-15

<< back