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Current Report No. 23/2020

Force majeure

Termination of the state of force majeure at JSW

Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“Company”, “JSW”), with reference to Current Report No. 13/2020 on the announcement of a state of force majeure at the beginning of April 2020 at JSW, hereby reports that on 9 July 2020 it adopted a resolution to terminate the state of force majeure at Jastrzębska Spółka Węglowa SA. As a result of the actions taken by the Company to mitigate the consequences of the obstacle to the performance of its contractual obligations, it was possible to substantially minimize the adverse business effects for JSW related to the SARS-CoV-2 coronavirus pandemic. In the said period, the Company, in particular, took a number of preventive measures aimed at averting the dissemination of coronavirus and implemented a contingency plan to ensure operational continuity and performance of the Company’s existing contracts.


Legal basis: Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on Market Abuse and Repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.

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