Further to Current Reports No. 21/2020, 10/2021, 15/2021, 16/2021, 40/2021, 41/2021, 1/2022 and 10/2022, the Management Board of Grupa LOTOS S.A. (the “Company”) announces that on June 20th 2022 it was notified of approval by the European Commission (the “EC”) of the buyers of divestment assets proposed by PKN ORLEN S.A. (“PKN ORLEN”), such assets to be divested pursuant to the merger remedies (the “Remedies”) defined in the EC’s decision of July 14th 2020 granting conditional clearance to the concentration consisting in the acquisition of control of the Company by PKN ORLEN. The EC also approved the agreements entered into with these prospective buyers.
The conclusion of final sale agreements or, as the case may be, entry into effect of conditional sale agreements with these entities should take place within six months of their approval by the EC.
Basis for the preparation of this report: Article 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16th 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.