109/2007: Acquisition of material assets - disclosure of information
The Board of Directors of PBG SA informed about the acquisition of 50 shares in Bathinex Sp. z o.o in Karczyn at the per-share value of PLN 1 000 for the total amount of PLN 4 000 000 on 14th May 2007. The acquired shares represent 100% of the Company''s share capital. The aim behind the Company''s acquisition was taking over its right arising from a preliminary agreement concluded with a natural person, to acquire undeveloped agricultural property located in Brodziszów and Sulisławie of the total area of ca. 27ha, where unexploited deposits of granodiorite are located, used for the production of bituminous mass, railbed and roadbase. The Board of Directors of PBG SA hereby informs about the conclusion of an agreement between Bathinex Sp. z o.o. with its registered office in Karczyn and a natural person, under which the Company acquired the said property for PLN 15.8 m on 14th November 2007. With the property, a simplified documentation of the grandiorite "Brodziszów-Kło?nik Pole A" deposit with all related rights and a license to conduct extraction activity has been transferred upon Bathinex Sp. z o.o. With regard to report 83/2007 of 16th August 2007 available at http://www.inwestor.pbg-sa.pl/nowa/pl/detale.asp?id=1514. The Board of Directors of PBG SA inform that the property acquired by Bathinex Sp. z o.o. is an integral part of the aggregate deposit located on the property, owned by the previously acquired Brokam Sp. z o.o. As a result, PBG Capital Group companies hold the whole deposit, whose resources will allow for a few decades of exploitation.
PBG SA treats the acquisition of the Company as an investment, while its incorporation into PBG Capital Group as a material base for companies from road building and hydrotechnical sector. A merger of BROKAM Sp. z o.o. and Bathinex Sp. z o.o. will also be considered.
The assets acquired have been deemed material due to the fact that they constitute over 20% of the capitals of the company incorporated into PBG Capital Group.
Legal basis:
Article 5 item 1.1 of the Regulation on current and interim information provided by issuers of securities of 19th October 2005
Signature of the authorised person
Magdalena Eckert-Boruta
Pliki:
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