Body of the report:
In reference to current report no. 38/2022 the Management Board of Jastrzębska Spółka Węglowa S.A. („JSW”, „Company”) reports that today the Company’s Supervisory Board adopted a resolution to endorse the Management Board’s motion and consent to invest funds worth up to PLN 1.5 billion (say: PLN one billion five hundred million) in the JSW Stabilization Closed-End Investment Fund as part of the liquidity and liquidity-investment sub-portfolio.
At the same time, the Company reports that the investment in the fund is scheduled for the October 2022.
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.