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Grupa Azoty S.A. Signs Amendment to Agreement with Financial Institutions, with Ongoing Implementation of Remedial Actions

Grupa Azoty S.A. has signed an Amendment to the Agreement dated February 2, 2024, with subsequent modifications, on behalf of itself and selected companies within the Grupa Azoty Capital Group. The duration of the Agreement has been extended to October 11, 2024. Simultaneously, Grupa Azoty is consistently implementing remedial actions such as optimizing sales and production projects, achieving business synergies across the Capital Group, and introducing internal savings. The Management Board is also preparing to make decisions in the coming weeks regarding the divestment of non-essential assets and the closure of long-term unprofitable installations. Additionally, intensive discussions are ongoing with Trade Unions to agree on suspending the most costly elements of the Collective Labor Agreement (ZUZP).

31.07.2024
Notification of Termination of Temporary Management

On July 29, Grupa Azoty S.A. received a notification on behalf of Radosław Kwaśnicki regarding the loss of control over the shares of Grupa Azoty S.A. held by entities associated with Vyacheslav Kantor. This development marks the end of the temporary management established on July 11, 2023. Crucially, this follows the publication in the Official Journal of the European Union about the sanctions imposed on Vyacheslav Kantor on April 8, 2022, and the national sanctions imposed on April 25, 2022, affecting Vyacheslav Kantor and his associated entities: Norica Holding S.a.r.l. (Luxembourg), Opansa Enterprises Limited (Cyprus), and Rainbee Holdings Limited (Cyprus), which collectively hold 19.82% of Grupa Azoty S.A.'s shares. The sanctions include the freezing of financial assets, including the shares of Grupa Azoty S.A. owned by Kantor's associated entities. 

30.07.2024
Information following the Annual General Meeting of Grupa Azoty S.A.

The Annual General Meeting of Grupa Azoty S.A. was held in Tarnów, Poland, on Thursday, June 27th, 2024.

27.06.2024
Appointment of Grupa Azoty S.A.’s Supervisory Board Members for the Twelfth Term

The Management Board of Grupa Azoty S.A. announces that on June 27th, 2024, pursuant to resolutions of the Annual General Meeting, the following persons were appointed as Members of the Company's Supervisory Board for the 12th joint term of office:

27.06.2024
Highlights from the Ordinary General Meeting of Grupa Azoty S.A.

On June 27, 2024, Grupa Azoty S.A. held its Ordinary General Meeting of Shareholders.

27.06.2024
Members appointed for Grupa Azoty S.A. Supervisory Board's twelfth term

The Management Board of Grupa Azoty S.A. announced that on June 27, the Ordinary General Meeting appointed the following individuals to the Supervisory Board for the twelfth joint term:

27.06.2024
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