| |
MESSAGE _ENGLISH VERSION_
|
|
| |
Update on share acquisition and future partnership with Corey Power
_Singapore_ PTE. LTD
The Management Board of Corey Europe, a joint-stock company with its
registered office in Warsaw _hereinafter referred to as the "Issuer",
"Company"_, with reference to current reports ESPI No. 8/2024 of
February 27, 2025 and ESPI No. 2/2025 of March 27, 2025 regarding the
investment agreement signed by the Issuer and the acquisition of a
strategic investor - Corey Power _Singapore_ PTE. LTD, with its
registered office at 60 Paya Lebar Road, #12-03, Paya Lebar Square,
Singapore, 409051 _hereinafter "Investor"_, as well as ESPI current
report No. 7/2025 dated 13 May 2025 concerning, among other things, the
resolution of the Extraordinary General Meeting of the Issuer regarding
the issue of series C ordinary bearer shares in a private subscription
mode, the Management Board hereby announces that on 3 November 2025 the
Issuer received an official letter from the Investor's Management Board
informing the Issuer's Management Board about the inability to make
payment for the shares offered by the Issuer. The Investor informed that
due to the ongoing change at its investment entity in China, the
procedures regarding foreign direct investment _ODI_ have not yet been
completed and, therefore, it will not be possible to finalize the
purchase of shares by October 31, 2025.
The Investor's representative informs of its continued interest in a
potential partnership with Corey Europe S.A., confirmed during last
week's General Meeting of Shareholders, at which the Board of Directors
expressed a clear desire to resume talks regarding the acquisition of
the Company after the completion of the ODI procedures.
Both parties, the Investor and the Issuer, have expressed their
willingness to continue their cooperation, with a particular emphasis on
the development of energy storage projects in Poland. Additionally, the
Issuer's Management Board is currently negotiating with the Investor to
determine a potentially favorable date for the Investor to acquire the
new shares and for the Issuer to take appropriate steps to direct the
new shares to the Investor. However, due to the above, the Investor did
not acquire the Series C shares offered to him by the Issuer's
Management Board. Due to the share acquisition deadline specified in
Resolution No. 3 of the General Meeting of Shareholders of May 12, 2025,
the Series C share issue closed on October 31, 2025, without the
Investor's participation. The Issuer's Management Board will also
announce the results of the issue in accordance with Appendix 3 to the
ATS Rules no later than November 13, 2025.
|
|
|
RB_ASO: Aktualizacja dotycząca nabycia akcji i przyszłej współpracy z Corey Power (Singapore)
PTE. LTD
