| | POLISH FINANCIAL SUPERVISION AUTHORITY | |
| |
| | | UNI - EN REPORT No | 42 | / | 2011 |
| | |
| | Date of issue: | 2011-08-15 | | | | | | | | |
| | Short name of the issuer | | | | | | | |
| | KERNEL HOLDING S.A. | |
| | Subject | | | | | | | | | | |
| | ACQUISITION OF RUSSIAN OILS | |
| | Official market - legal basis | | | | | | |
| | Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne
| |
| | Unofficial market - legal basis | | | | | |
| | Contents of the report: | | | | | | | | |
| | Kernel Holding S.A. informs that the Company recently executed a share purchase agreement to
acquire a 100% interest in the company Russian Oils. Completion of the share purchase
agreement is subject to certain standard conditions precedent, which are expected to be lifted
early September 2011. The acquisition of Russian Oils adds a total of 400 000 tons of sunflower
seed crushing capacity per year in 3 plants located in the Krasnodar and Stavropol regions,
south of Russia. One of the plants also offers 100 000 tons per year of oil refining and bottling
capacity. Kernel is purchasing Russian Oils at an enterprise value of USD 60 million, of which in
the range of USD 15 million shall be paid as cash consideration upon fulfillment of the remaining
conditions precedent. | |
| | Annexes | | | | | | | | | | |
| | File | Description | |
