Due to the imprecise information concerning the process of purchasing of a part of assets of KWK Brzeszcze disseminated in the public domain over the recent days, and the decisions of the statutory bodies of our company associated with this fact – the Management Board of TAURON Polska Energia informs that the offer prepared by the RSG special purpose vehicle was drawn up following the in-depth analysis of the aforementioned mining plant, and the Management Board obtained the approval of the Supervisory Board to take up shares in the increased share capital of the special purpose vehicle.
Specialists from TAURON Group and external experts conducted a comprehensive analysis of KWK Brzeszcze assets, we have acquired reliable project partners, ensuring, inter alia, the adequate level of financing for investments planned in the coal mine and market for its products. The RSG special purpose vehicle – in accordance with the terms of the procedure announced by Spółka Restrukturyzacji Kopalń (Coal Mine Restructuring Company) – submitted an offer and we have been taking part in the negotiations for several weeks. Any SRK proposals are analysed by us in detail. On 24 September the Supervisory Board of TAURON Polska Energia – under its competence arising from the Code of Commercial Companies and the Company Articles of Association – adopted the resolution in which it approved the acquisition of shares in the increased share capital of the RSG special purpose vehicle.
In our opinion, the dissemination of imprecise information on this subject poses threat to the ongoing negotiations. Therefore, we appeal to all parties participating in the process to respect the rules of the procedure announced by its organisers.
Management Board of TAURON Polska Energia