The Management Board of Trakcja PRKiI S.A. ("Issuer") today informed about the consent of the Supervisory Board of the company AB Kauno Tiltai with its registered office in Lithuania:
• sale of all shares in UAB Pletros investicijos with registered office in Lithuania (called hereinafter referred to as the "Company") in which AB Kauno Tiltai holds 100% of shares;
• transfer of rights and obligations, including rights to claims arising from the Loan Agreement concluded between AB Kauno Tiltai and the Company.
The above consent authorizes the Management Board of AB Kauno Tiltai to carry out the Company's sales procedure.
Sale of the above The company is an element of organizational optimization of the Trakcja Capital Group and will have a significant impact on the Group's financing structure, including a reduction in its debt level.
Sales will not affect operations in the key areas of Trakcja Group activity.
Minimum selling price of 100% of shares in The company and the transfer of rights and obligations has been set at a total amount of not less than 2.5 million euros (ie approx. PLN 10.7 million). The Issuer will inform about the conclusion of a potential sale agreement in a separate current report.
Art. 17 MAR
Source: company website, investor relations, current and periodic reports.