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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

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Current report 37/2012 Concluding the agreements for the sale of shares in Kartpol Group Sp z o.o

The Management Board of SUWARY S.A. in Pabianice (the Company) informs that December 18th, 2012, in connection with the conclusion of the preliminary agreement with Mr. Szczepan Kwiatek, communicated in current report no 42/2010 dd. September 20th, 2010 and current report no 46/2011 dd. December 23rd, 2011., the Company concluded the Agreement for the sale of 3 shares of Kartpol Group Sp. Z o.o. of the face value of PLN 500.00 each.

The purchase price of the Shares amounted to PLN 1.931.818 (one million nine hundred thirty one thousand eight hundred eighteen).

The transfer of title to shares onto Suwary S.A. was effected on the Agreement conclusion.

The Agreement does not provide for stipulated penalties, whose max. amount may be in excess of 10% of this agreement value or at least EUR 200 000.

The remaining provisions of the agreement are not different from the conditions commonly applicable for this type of agreements.
The payment of the price for the three Shares in Kartpol Group Sp z o.o. shall be effected from the Company’s current funds.

Since September 20th 2010, Kartpol Group Sp z o.o. is a subsidiary of Suwary S.A i.e.
Since September 20th 2010 Suwary S.A. performed following purchase of shares of Kartpol Group:

- 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 the payment of cash for the Kartpol share capital contribution (CR 42/2010 dated September 20th 2010)
- the purchase of 11 shares in Kartpol Group Sp z o.o. from Mr Jerzy Kamiński
- the purchase of 3 shares in Kartpol Group Sp z o.o. from Mr Szczepan Kwiatek

Following the transfer of title to the 3 Kartpol shares onto Suwary S.A. the Company holds 102 shares in Kartpol Group, which constitute 95.5% of shares in Kartpol Group Sp z o.o.
The Company in planning to acquire in total 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 Kartpol’s existing operations.

2012-12-19

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