The Management Board of Orzeł Biały S.A. (“The Issuer”, “The Company”) hereby announces that on 30.09.2019, pursuant to the decision of the District Court in Gliwice, 10th Commercial Division of the National Court Register, the merger of The Issuer was done with its subsidiary Speedmar spółka z ograniczoną odpowiedzialnością with its registered office at Piekary Śląskie.
The Issuer notified earlier stages of the merger process with Current Reports nos: 19/2019 of 17.07.2019, 22/2019 of 31.07.2019, 23/2019 of 01.08.2019, 27/2019 of 26.08.2019 and 28/2019 of 05.09.2019.
The merger took place through the takeover of Speedmar spółka z ograniczoną odpowiedzialnością [limited liability company] by The Issuer, without increasing The Issuer’s share capital, in accordance with Art. 515 § 1 of KSH (Commercial Companies Code).
On the day of entering the merger into the Companies Register of the National Court Register, The Issuer took upon all rights and obligations of Speedmar Speedmar spółka z ograniczoną odpowiedzialnością [limited liability company], which, as a result of the merger, will be deleted from the Companies Register.
The merger is consistent with the adopted strategy of The Company consisting primarily in focusing on its core business. The merger will translate into simplified organisational structure and accomodates increasingly higher expectations and compliance standards.
Legal basis: Art. 507 KSH (Commercial Companies Code)