We would like to inform you that on 26th October 2023 District Court Gdańsk-Północ in Gdańsk, 6th Economic Department issued a decision by which it approved the arrangement in the proceedings for the approval of the arrangement of “Energomontaż-Północ Gdynia” S.A. in restructuring with its registered office in Gdynia.

The decision became final on 10th November 2023. Pursuant to Article 171 section 1 in connection with section 2 of the Polish Act of 15 May 2015 – Restructuring Law Zimmerman Filipiak Restrukturyzacja S.A. with its registered office in Warsaw, assumed the function of the supervisor of performance of the arrangement as of the date on which the decision approving the Debtor’s arrangement became final.

As of the date on which the decision approving the arrangement becomes final, the „Energomontaż-Północ Gdynia S.A.” regains management of the assets. This means that „Energomontaż-Gdynia S.A.” independently conducts its business activities without the supervision of the restructuring court and other non-judicial bodies.

All liabilities of “Energomontaż-Północ Gdynia” S.A. liabilities arising prior to the composition date, i.e. prior to 23rd February 2023, are covered by the agreement. Liabilities covered by the composition agreement will be performed on the terms and dates specified in the decision on approval of the composition agreement.

The person authorized to contact the Supervisor for the execution of the arrangement is attorney-at-law Rafał Kowalczyk (phpne: 537 408 403; e-mail: energomontaz@zfrsa.pl). The office of the Supervisor of the implementation of the arrangement is open from Monday to Friday from 9 a.m. to 5 p.m. (Poznań, Grunwaldzka Street 38; tel.: 61 222 43 81).

The share capital of “Energomontaż-Północ Gdynia” S.A. as a result of the conversion of debts included in Group II (in accordance with the court’s decision to approve the arrangement) was increased by PLN 51,485,436 (fifty-one million four hundred and eighty-five thousand four hundred and thirty-six), and currently amounts to PLN 180,423,478 (one hundred and eighty million four hundred and twenty-three thousand four hundred and seventy-eight), through the issue of 51,485,436 (fifty-one million four hundred and eighty-five thousand four hundred and thirty-six), new series F ordinary registered shares.

At the same time, we would like to inform you that in connection with the approval of the arrangement, the Court also issued a decision to discontinue the proceedings relating to the bankruptcy of Energomontaż-Północ Gdynia S.A.