KRYNICKI RECYKLING SPÓLKA AKCYJNA ESPI
Data dodania: 11.09.2015
Report ESPI 20/2015
Issuer received a preliminary report on the realisation of the Agreement concluded with mCorporate Finance Spółka Akcyjna on a review of strategic options
Current report no.: 20
Publication date: 11 September 2015
Legal basis: Art. 56 par. 1 point 1 of the act on public offering
Title: Issuer received a preliminary report on the realisation of the Agreement concluded with mCorporate Finance Spółka Akcyjna on a review of strategic options
Krynicki Recykling S.A. (hereinafter the "Issuer") would like to announce that on 11 September 2015, the Issuer received a preliminary report on a review of strategic options prepared for the Issuer from mCorporate Finance Spółka Akcyjna with a registered office in Warsaw (entity from the mBank S.A. Capital Group, hereinafter the "mCF"). The above-mentioned report was prepared and transferred to the Issuer and provides information on the realisation of the Agreement (hereinafter the "Agreement") concluded on 17 August 2015 between the Issuer and the mCF on a review of strategic options. The issuer did not announce the conclusion of the Agreement of 17 August 2015 because it did not meet the criteria of a significant agreement.
Based on the concluded Agreement, the Issuer ordered mCF to prepare a review and research possible strategic options of further dynamic development of the Issuer's activity. According to the provisions of the Agreement within a 6-week period from the date of its conclusion, mCF was obliged to present the Issuer with a preliminary report on the results of work with a recommendation as to the justification of continuation of further research. On 11 August mCF provided the Issuer with a preliminary report in which further research was recommended particularly on three possible development strategies of the Issuer, including (i) organic development, (ii) development through acquisition and (iii) finding an external partner to support the Issuer's activity development. mCF in their report recommended to the Issuer to initiate talks with selected entities which could strengthen the Issuer in his further development. These talks aim at verifying whether the selected entities would be interested in cooperation with the Issuer and the conditions under which they would be willing to undertake such cooperation.
Following the receipt of the preliminary report, the Issuer would like to announce that it, together with mCF, will be conducting further work aiming at a selection of a development strategy for the Issuer.
Publication date: 11 September 2015
Legal basis: Art. 56 par. 1 point 1 of the act on public offering
Title: Issuer received a preliminary report on the realisation of the Agreement concluded with mCorporate Finance Spółka Akcyjna on a review of strategic options
Krynicki Recykling S.A. (hereinafter the "Issuer") would like to announce that on 11 September 2015, the Issuer received a preliminary report on a review of strategic options prepared for the Issuer from mCorporate Finance Spółka Akcyjna with a registered office in Warsaw (entity from the mBank S.A. Capital Group, hereinafter the "mCF"). The above-mentioned report was prepared and transferred to the Issuer and provides information on the realisation of the Agreement (hereinafter the "Agreement") concluded on 17 August 2015 between the Issuer and the mCF on a review of strategic options. The issuer did not announce the conclusion of the Agreement of 17 August 2015 because it did not meet the criteria of a significant agreement.
Based on the concluded Agreement, the Issuer ordered mCF to prepare a review and research possible strategic options of further dynamic development of the Issuer's activity. According to the provisions of the Agreement within a 6-week period from the date of its conclusion, mCF was obliged to present the Issuer with a preliminary report on the results of work with a recommendation as to the justification of continuation of further research. On 11 August mCF provided the Issuer with a preliminary report in which further research was recommended particularly on three possible development strategies of the Issuer, including (i) organic development, (ii) development through acquisition and (iii) finding an external partner to support the Issuer's activity development. mCF in their report recommended to the Issuer to initiate talks with selected entities which could strengthen the Issuer in his further development. These talks aim at verifying whether the selected entities would be interested in cooperation with the Issuer and the conditions under which they would be willing to undertake such cooperation.
Following the receipt of the preliminary report, the Issuer would like to announce that it, together with mCF, will be conducting further work aiming at a selection of a development strategy for the Issuer.
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