25/2018 - Intention to sell a company from the Trakcja Capital Group and transfer of rights and obligations.

The Management Board of Trakcja PRKiI S.A. ("Issuer") today received information about consent of the Supervisory Board of the company AB Kauno Tiltai, with its registered office in Lithuania, belonging to the Capital Group of the Issuer:

• to sell the shares in the subsidiary UAB “Plėtros investicijos“ with its registered office in Lithuania (“Company”), in which AB Kauno Tiltai holds 100% of shares;
• to transfer the rights and obligations, including the right to the receivables, of the Loan Agreements made between AB Kauno Tiltai and the Company;

The above consent authorizes the Management Board of AB Kauno Tiltai to perform the Company's sales procedure.

The sale of the above-mentioned 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 the core business of Trakcja Group.

Tte minimum sale price of 100% of shares in the above-mentioned Company and the transfer of rights and obligations was set at a total amount of not less than EUR 2.5 million (i.e. approx. PLN 10.7 million). The Issuer will inform about the conclusion of a potential sale agreement in a separate current report.

Legal basis:

Art. 17 MAR