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

Home » Investor Relations » Reports » Current reports


Current report No. 1/2014 Signing of the share purchase agreement of Kartpol Group Sp. z o.o.

The Management Board of Suwary S.A. in Pabianice (“The Company”) informs that on 8 January 2014, in connection with concluding the preliminary agreement with Mr. Szczepan Kwiatek (“The Seller”), about which the Company informed in the current report no. 42/2010 of 20 September 2010 and in the report no. 46/2010 of 23 December 2011, the Company signed an agreement for sale (“The Agreement”) of 3 shares (“The Shares”) Kartpol Group Sp. z o.o. with the nominal value of PLN 500 each.

The acquisition price of the Shares amounted to PLN 1,931,818.00 (one million nine hundred thirty one thousand eight hundred and eighteen zlotys).

The transfer of ownership of Shares to Suwary S.A. took place at the date of the signature of the Agreement.

The Agreement does not provide for any contractual penalties, which maximum amount may exceed 10% of the value of this Agreement or at least EUR 200,000.

The remaining terms and conditions of the agreement do not deviate from the terms and conditions generally applied in agreements of this type.

The payment for 3 Shares of Kartpol Group Sp. z o.o. shall be made from the current assets of the Company.

Kartpol Group Sp. z o.o. has been a subsidiary of Suwary S.A. since 20 September 2010.

Since 20 September 2010 Suwary S.A. has made the following transactions of shares’ purchase of Kartpol Group Sp. z o.o.:
- 39 shares of Kartpol Group Sp. z o.o. from Mr. Jerzy Kamiński (RB 42/2010 of 20 September 2010),
- 39 shares of Kartpol Group Sp. z o.o. from Mr. Szczepan Kwiatek (RB 42/2010 of 20 September 2010),
- acquisition of 10 shares of Kartpol Group Sp. z o.o. by making a cash contribution for coverage of the share capital in Kartpol (RB 42/2010 of 20 September 2010)
- 11 shares of Kartpol Group Sp. z o.o. from Mr. Jerzy Kamiński (RB 39/2011 of 15 September 2011)
- 3 shares of Kartpol Group Sp. z o.o. from Mr. Szczepan Kwiatek (RB 47/2011 of 23 December 2011)

- 3 shares of Kartpol Group Sp. z o.o. from Mr. Szczepan Kwiatek (RB 37/2012 of 19 December 2012)

After the transfer of the ownership of 3 shares of Kartpol to Suwary S.A. the Company is in the possession of 108 shares of Kartpol Group constituting 98.2% of the share capital of Kartpol Group Sp. z o.o.

The Company intends to acquire 100% of shares of Kartpol Group Sp. z o.o. in total.

Kartpol is a producer of packaging used in the building chemistry. The Company plans to continue the previous activity of Kartpol Group Sp. z o.o. in the future.

2014-01-09

<< back