99/2007: Conditional agreement concerning the acquisition of assets
The Board of Directors of PBG S.A. hereby informs to have been notified
that a preliminary contract for the acquisition of shares in the company
formed after the transformation of "BETPOL" sp. j. into a joint stock
company was concluded on 17th September 2007. The parties to the
agreement are natural persons (partners of the partnership), who
represented that the total amount of partners'' contributions as at the
date of agreement conclusion totals PLN 400 (say: four hundred).
The conditions of the conclusion of the promised contract, which will
result in PBG''s acquisition of shares in the joint stock company in the
amount guaranteeing 51% of the share capital of the joint stock company
and 51% of the total number of votes include:
- amendment to the Company deed
- transforming the registered partnership into a joint stock company
with the share capital of at least PLN 17 000 000.00 (say: seventeen
million) and the per-share value of PLN 1.00 (say: one).
- presenting a signed forecast of financial results as at 31st December
2007 in the form of profit and loss account as obligations to generate
the planned revenues from sales, gross and net income;
- guarantee PBG the possibility to acquire until 31st December 2008
additional shares of joint stock company representing 19% company''s
share capital and of the total number of votes;
The parties to the agreement determined the sale price of shares
representing at least 51% in the company''s share capital and 51% of
votes for the total amount of 28 560 000.00 (say: twenty eight million
five hundred sixty).
Betpol was established in 1990. The Company''s scope of business includes
mainly road works. The Company offers foamed bitumen cold recycling. The
Company mills asphalt and concrete surfaces. Betpol produces also cold
asphalt and bitumen mix and ready mix concrete. Furthermore, it provides
dismantling services, manufactures steel constructions and offers
construction and assembly works. The Company also offers the recycling
of gas from dismantling.
PBG represents that it intends to support the Company''s further
development by way of a capital investment in the Company through the
acquisition of shares in the Joint Stock Company formed as a result of
company transformation and to jointly do business in accordance with the
Company''s profile.
The incorporation of BETPOL into the Capital Group will enhance the
Group''s activity in the field of road building.
Legal basis:
art.56 item 1 point 1 of the Public Offering Act - confidential
information
Signature of the authorised person
Magdalena Eckert-Boruta
Pliki:
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