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Grupa Kapitałowa Grupa Azoty
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Grupa Azoty S.A., on its own behalf and on behalf of selected companies from the Grupa Azoty Capital Group, has signed an annex to the Agreement dated February 2, 2024 (as amended) with the Financing Institutions. The term of the Agreement has been extended until May 15, 2025, provided that the relevant Financing Institutions confirm the extension by April 30 of this year.
The validity period of the Stabilization Agreement dated December 15, 2023 (as amended), between Grupa Azoty Polyolefins and the Financing Institutions concerning the financing of the Polimery Police project, has been extended from March 31, 2025, to April 22, 2025.
The deadline for the Agreement signed on January 16 this year between Orlen S.A. and Grupa Azoty S.A., Grupa Azoty Police S.A., and Grupa Azoty Polyolefins S.A. has been extended until May 12, 2025. This means Grupa Azoty and Orlen are continuing their cooperation to determine the terms and conditions for the potential transaction involving Orlen Group’s acquisition of all or part of Grupa Azoty Polyolefins shares held by Grupa Azoty, or exploring other forms of investment.
Grupa Azoty Polyolefins and Orlen have signed a working capital financing agreement for an amount not exceeding USD 28 million to finance the purchase of propane by Grupa Azoty Polyolefins. The agreement sets out the terms of this financing and the repayment conditions. Propane is used in the Polimery Police plant for the production of propylene.
Following imposition on April 25th 2022 of national sanctions on Mr Kantor (extended by the decision of the Minister of Interior and Administration of March 15th 2025) and his related parties: Norica Holding S.à.r.l. of Luxembourg, Opansa Enterprises Limited of Cyprus and Rainbee Holdings Limited of Cyprus, holding in total a 19.82% ownership interest in Grupa Azoty S.A., the Company announces that: Viatcheslav Kantor is not a beneficial owner of the Company within the meaning of Directive (EU) 2015/849 of the European Parliament and of the Council; Viatcheslav Kantor neither owns nor has control over the Company within the meaning of the EU sanctions legislation, including Council Regulation (EU) No 269/2014.
The Supervisory Board has confirmed the validity of the election process for the candidate selected by the Company's employees to serve as a Member of the Management Board for the 13th term. The election took place from January 27 to February 11, 2025. Following this confirmation, on February 27, 2025, the Supervisory Board appointed Mr. Artur Babicz as a Member of the Management Board, with his term commencing on March 1, 2025.