According to the company’s website news release on September 27, 2022, PKN ORLEN S.A. (“Company”) discloses the following inside information, publication of which was delayed on 26 September 2022:
“PKN ORLEN (“Company”) informs that on 26 September 2022 the Company’s Management Board gave consent for signing of an agreement between the Company and the State Treasury regarding the planned merger of the Company with Polskie Górnictwo Naftowe i Gazownictwo S.A. („PGNiG”) (“Agreement”).
The Agreement sets forth the Company’s declarations of intent not constituting a contractual obligation of the Company regarding: (i) realization of the energy policy of Poland to the extent which concerns the diversification of natural gas supply sources and the development of this fuel on the market and (ii) continuation of employment policy towards employees of PGNiG capital group, who will become employees of the Company’s capital group after the merger, assuring proper and safe operating of the workplaces belonging to PGNiG capital group before the merger and also Company’s commitment to continue, after merger of the Company with PGNiG, key investments that are realized or being prepared by PGNiG before the merger, indicated in the Agreement, in the minimum scope specified in the Agreement.
Above Company’s Management Board decision requires the consent of the Company’s Supervisory Board, which the Management Board applied for today.”
