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The State Treasury intends to subscribe for all new Grupa LOTOS shares it is entitled to under the rights issue, and to maintain its existing percentage holding in the company. As announced on November 13th 2014, the Minister of State Treasury, acting on behalf of the State Treasury, will place (during the subscription period) a subscription order for all new Grupa LOTOS shares it is entitled to under its pre-emptive rights.

General

The State Treasury intends to subscribe for all new Grupa LOTOS shares it is entitled to under the rights issue, and to maintain its existing percentage holding in the company. As announced on November 13th 2014, the Minister of State Treasury, acting on behalf of the State Treasury, will place (during the subscription period) a subscription order for all new Grupa LOTOS shares it is entitled to under its pre-emptive rights.

By placing the subscription order, with a value of approximately PLN 529.5m, the State Treasury intends to retain its existing share in the share capital of Grupa LOTOS and in the total vote at its general meeting, which now stands at approximately 53.19%.

We believe that the funds invested by the State Treasury, to be used for financing a delayed coking unit with auxiliary installations (EFRA Project), will contribute to increasing the company’s value for all shareholders,” said Rafał Baniak, Deputy Minister of the State Treasury, who on October 15th 2014 signed an agreement with the company for assistance in the form of non-public aid on behalf of the Ministry of State Treasury. “Our involvement in the share issue is a demonstration of our support to the company’s growth strategy. Grupa LOTOS is one of the State Treasury’s strategic companies,” Mr Baniak explained.

By fully exercising its pre-emptive rights, the State Treasury will take up 29,253,123 new Grupa LOTOS shares at a price of PLN 18.10 per share.

Legal disclaimer: This material is not for release, publication or distribution, directly or indirectly, in the United States, Australia, Canada, and Japan. This material is not an offer or  a solicitation of any offer, and it is not to be relied on in making any investment decisions regarding any securities of Grupa LOTOS S.A. (the “Company”). The prospectus prepared in connection with the rights issue and public offering of the Company shares (the “Shares”) (the “Prospectus”) was approved by the Polish Financial Supervision Authority on November 7th 2014 and is the only legally binding document containing information on the Company and the public offering of its Shares in Poland. This material is not a recommendation within the meaning of the Minister of Finance’s Regulation on information which constitutes recommendations concerning financial instruments or their issuers, dated October 19th 2005. This material (and any information presented herein) does not contain or constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States of America, Australia, Canada, Japan or in any other jurisdiction.