Legal basis:
Article 17.1 of MAR – inside information
The report:
With reference to the report No. 23/2022, the Management Board of PKO Bank Polski S.A. ("Bank") hereby informs that on 29th September 2022 Bank concluded with the State Treasury agreement for the purchase of shares in PKN ORLEN S.A. ("PKN ORLEN").
Agreement provides that the Bank acquires 14,161,080 PKN ORLEN bearer shares from the State Treasury – Minister of State Assets for a price equal to the result of the multiplication of the number of shares and the price of one share in accordance with the closing price of PKN ORLEN shares on the main market of the Warsaw Stock Exchange on the date of conclusion of the agreement decreased by the discount determined on market terms.
The block transaction shall be cleared no later than on the first business day following the conclusion of the agreement.
In the same time, the Bank shall conclude a swap transaction hedging the economic risk of the share purchase transaction.
The Bank shall inform on concluding the swap transaction in a separate report.