Jastrzębska Spółka Węglowa S.A. has concluded a preliminary agreement with Agencja Rozwoju Przemysłu S.A. for the sale of shares in Przedsiębiorstwo Budowy Szybów S.A. and Jastrzębskie Zakłady Remontowe sp. z o.o.
The subject matter of the agreement is the sale of PBSz shares representing 95.81% of the share capital and entitling the holder to 95.81% of votes at the PBSz Shareholder Meeting, as well as JZR shares representing 59.39% of the share capital and entitling the holder to 59.39% of votes at the JZR Shareholder Meeting to Agencja Rozwoju Przemysłu S.A.
The initial purchase price for PBSz shares has been set at PLN 274,400,000 PLN and for JZR shares at PLN 791,600,000. The preliminary purchase prices may be adjusted as specified in the preliminary share purchase agreement (PRE-SPA).
The PRE-SPA stipulates that ARP S.A. will pay, on the date of signing the PRE-SPA, an advance payment towards the initial purchase price in the amount of PLN 400,000,000, which will be allocated as follows: PLN 102,964,000, representing 37.52% of the initial purchase price of PBSz shares, and PLN 297,036,000, representing 37.52% of the initial purchase price of JZR shares. The remaining portion of the price will be paid by Agencja Rozwoju Przemysłu S.A. to JSW S.A. on the transaction closing date.
