The merger will be effected by transferring all the assets of JSW Nowe Projekty SA to JSW SA and approving the Merger Plan. The merger of the companies will take place by transferring all the assets of the Acquired Company to the Acquiring Company [the so-called merger by acquisition].
The merger will be effected in a simplified procedure, with JSW SA as the sole shareholder of JSW Nowe Projekty SA, and therefore there will be no increase in JSW SA's share capital. Consequently, no resolution will be required to amend JSW SA's Articles of Association to determine the new amount of share capital.
