Elemental : Put-option purchase of shares in the UAB “EMP Recycling” subsidiary company based in Lithuania

Current REPORT No. 26/2017

Published on: 09 May 2017 at 9:32 am

Put-option purchase of shares in the UAB "EMP Recycling" subsidiary company based in Lithuania

The Management Board of ELEMENTAL HOLDING S.A. with its registered office in Grodzisk Mazowiecki (hereinafter referred to as the "Issuer" or "Elemental Holding"), hereby announces that today, i.e. 9 May 2017, the Issuer entered into an agreement on purchase of 24,612 (twenty-four thousand six hundred twelve) shares in the UAB "EMP Recycling" subsidiary with its registered office in Galinės, Vilnius County, Lithuania (hereinafter referred to as the "SPA").

The transaction was concluded as put-option, under the terms and conditions set out in the Shareholder Agreement of 26 March 2014, entered into between Elemental Holding, UAB "EMP Recycling" and its shareholders, i.e. Almontas Kybartas and Jorika Kybartienė, of which the Issuer informed in its current Report No. 21/2014 of 27 March 2014.

Ownership of shares will be transferred onto Elemental Holding at the time of making relevant entries in the securities accounts of the seller and the buyer on the date of receipt by the sellers of the share purchase price. According to the SPA provisions, the date of payment shall be 60 (sixty) days from the date of signing thereof.

As a result of the aforementioned transaction, the Issuer will hold a 99.8% stake in UAB "EMP Recycling".