Regarding the article titled “Miały być kryształy, jest klops” (“How crystals have turned into abject failure”) published by the Gazeta Wyborcza daily on December 18th 2023, we would like to clarify and correct certain aspects that were falsely represented in the publication concerning a facility construction project executed for Grupa Azoty.
Under the agreement, the parties have agreed upon additional terms and conditions for the provision of financing by the financial institutions to support the implementation of the Polimery Police project. The agreement is related to the existing agreement for the financing of the project and will remain in effect until February 28th 2024.
Grupa Azoty S.A. and VSB Holding GmbH have agreed on an updated revised term sheet (the “Term Sheet”) outlining the path to acquisition of the entire share capital of Solarfarm Brzezinka. As per the updated Term Sheet, subject to adherence to the schedule provided in the Term Sheet and fulfilment of negotiation conditions, Grupa Azoty S.A. will maintain exclusivity until March 31st 2024, for the execution of a preliminary conditional sale agreement regarding the prospective acquisition of 100% of shares in Solarfarm’s share capital.
The Grupa Azoty Group has released its production volume estimates for November 2023, showing an increase in the Group companies’ product output in nitrogen fertilizers and OXO alcohols. According to estimates, Group companies produced 282,000 tonnes of nitrogen fertilizers in November (up from 245,000 tonnes in October). The estimated volume for OXO products is 13,000 tonnes vs. 3,000 tonnes in October.
The Supervisory Board of Company announces the commencement of the qualification proceedure for members of the Management Board of Grupa Azoty Polyolefins S.A. with its seat in Police, at Kuźnicka 1.
On November 24th 2023 , Andrzej Niewiński resigned from his role as a member and President of the Management Board of Grupa Azoty Polyolefins S.A.Mr Niewiński has been involved with the Company since 2016, holding the position of President of its Management Board. Personal reasons were cited as the reason for the resignation.