With the three-year term of the current Management Board of Grupa Azoty S.A. coming to an end, the Supervisory Board has announced a qualification process for new Board Members for the 13th term. The current 12th term began in May 2021 and, as per applicable regulations, will end on December 31, 2024. In such cases, initiating the qualification process is a statutory obligation.
On October 31, 2024, following discussions and agreements with banks, Grupa Azoty Polyolefins signed an Amendment Agreement to the Stabilization Agreement dated December 15, 2023, regarding the financing of the Polimery Police project. The parties have agreed to the terms under which financial institutions will continue providing financing for the project during the extended term of the Stabilization Agreement, which now runs until November 29, 2024. The Amendment Agreement was signed with 15 financial institutions.
The Industrial Development Agency (Agencja Rozwoju Przemysłu S.A.), Polska Grupa Zbrojeniowa S.A., Grupa Azoty S.A., and MESKO S.A. have signed a letter of intent to expand explosives production capabilities.