Following discussions and agreements with banks, Grupa Azoty Polyolefins has signed an Amendment Agreement to the Stabilization Agreement dated December 15, 2023, concerning the financing of the Polimery Police project. The parties have agreed on the terms under which the Financial Institutions will provide financing for the project during the next period of the Stabilization Agreement, effective until December 13 of this year. The Amendment Agreement was signed with 15 Financial Institutions.
Grupa Azoty S.A., acting on behalf of itself and selected companies within the Grupa Azoty Capital Group, has signed an Annex to the Agreement originally dated February 2 of this year as subsequently amended. The Agreement's validity has been extended until March 31, 2025, contingent on periodic approvals from the Financial Institutions, scheduled for December 31, 2024, January 31, 2025, and February 28, 2025.
The Supervisory Board of Grupa Azoty S.A. has confirmed the composition of the Management Board for its upcoming 13th term, effective January 1, 2025. The lineup remains unchanged, except for the Employee-Elected Board Member, who will be appointed following a planned election process.
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