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Orzeł Biały invites interested parties to take note of the offer of sale of business-purpose premises located in Bytom at Siemianowicka Street.

Orzeł Biały invites interested parties to take note of the offer for the sale of investment areas located in Bytom at Siemianowicka Street.

Orzeł Biały Group, Polish producer of refined lead and lead alloys with international reach, generated in the first quarter of 2017 revenues of PLN 162.7 million as compared to PLN 114.9 million in the corresponding period of the previous year.

• Group EBITDA (operating profit before depreciation/amortisation) in the first quarter of 2017 amounted to PLN 3.9 million, down 37% y-o-y. Net loss amounted to PLN 0.8 million as compared to PLN 2.6 million of net profit a year ago.
• Operating profit amounted to PLN 1.5 million, down 63% as against the same period of the previous year.
•  In the area of ​​core business, the volume of lead sold in the first quarter of 2017 amounted to 17.7 thousand metric tonnes while in the corresponding period of the previous year it amounted to 14.6 kt. 

in 2016 , Orzeł Biały Group increased its profitability in the area of ​​core operations from 2.8% to 5.2% y-o-y, mainly due to increased efficiency of production processes, a cost-effective structure of the inputs as well as consistent focus on recycling activities and the production of refined lead.

• Orzeł Biały Group generated revenues of PLN 537.3 million, up 5.7% y-o-y.
• EBITDA of the Group (result on operating activities plus depreciation & amortisation), before adjusting for goodwill and shares in affiliates in the total amount of 9 million, amounted to PLN 28 million, while in 2015 it was PLN 25.4 million.
• In the area of ​​operations, the volume of lead sold in 2016 amounted to 65.7 thousand metric tonnes, up 5.5% y-o-y, while the share of more technologically advanced alloys increased in the entire sales structure.

On 08.03.2017, the Tenderer, by way of a Communication regarding the change to the contents of the Tender Offer to subscribe for the sale of shares of Orzeł Biały S.A. based at Piekary Śląskie announced on January 23, 2017 (“The Tender Offer“) by NEF Battery Holdings S.à.r.l. based in Luxembourg (“The Tenderer“) by agency of IPOPEMA Securities S.A. (“Brokerage House“), informed about the extension of the deadline for submitting subscriptions under the Tender Offer. In connection with this, the following dates of the Tender Offer are changed as indicated in Cl. 11 of the Tender Offer document:

As far as remaining provisions are concerned, Cl. 11 of the Tender Offer remains unchanged, including the possibility of further prolonging or shortening the deadline for accepting subscriptions in the Tender Offer.

2017.02.20
The Management Board of Orzeł Biały S.A. hereby makes known in the attachment, in connection with the procedure of merging the Issuer with Helidor Sp. z o.o.,  the second notification to the shareholders about the intention to merge.

The Management Board of Orzeł Biały S.A. (“The Issuer”, “The Company”) hereby submits the position of the Management Board of the Company regarding a Tender Offer  by NEF Battery Holdings S.a.r.l. announced on January 23, 2017 to subscribe for the sale of shares  of the Company along with the opinion of an external entity, Acropolis Advisory Marcin Anklewicz.

The Management Board of Orzeł Biały S.A. (The Company) hereby encloses the contents of the announcement on convening the Extraordinary General Meeting of Orzeł Biały S.A. for  02.02.2017 at 11.00 AM at headquarters  of the Company at Piekary Śląskie, along with the agenda, draft resolutions with justifications, planned changes to the  Articles of Association of the Company and draft harmonised wording of the  Articles of the Company.

At the same time, the Management Board  of the Company hereby announces that on 2.02.2017 the Supervisory Board gave its positive opinion on the contents of resolutions to be deliberated on at the Extraordinary General Meeting.
Legal basis:
Art. 398, 4021, 4022 and 4023 CCC and the MFR WSE § 38 Para. 1 Cl. 1, 2 and 3
2.02.2017

The Management Board of Orzeł Biały Spółka Akcyjna based at Piekary Śląskie, ul. Harcerska 23, 41-946 Piekary Śląskie, entered into the Companies Register of the National Court Register carried with the District Court in Gliwice, 10th Commercial Division of the National Court Register, under KRS 0000099792, tax identification number NIP: 6260003139, REGON: 270647152, share capital: PLN 7,159,779.07 fully paid up (hereinafter: “The Company”), acting pursuant to Art. 504 § 1 and 2 of the Commercial Companies Code Act of 15 September 2000 (i.e. Law Journal of 2016, Item 1578, hereinafter: “CCC”), in conjunction with Art. 402¹ CCC, hereby announces for the first time the planned merger of the Company with Helidor spółka z ograniczoną odpowiedzialnością based in Wrocław, ul. Powstańców Śląskich 2-4/XI p., 53-333 Wrocław, entered into the Companies Register of the National Court Register carried with the District Court for Wrocław-Fabryczna in Wrocław, 6th Commercial Division of the National Court Register, under KRS 0000456298, Tax Identification Number NIP: 8971788816, REGON: 022109085, share capital: PLN 50,000.00 (hereinafter: “Spółka Helidor”), (hereinafter: “The Merger”).
1.02.2017

Based on the resolution of the Management Board of Orzeł Biały S.A. based at Piekary Śląskie (41-946) at ul. Harcerska 23, entered into the Companies Register of the National Court Register carried with the District Court in Gliwice, 10th Commercial Division of the National Court Register, under 0000099792, dated 1 February 2017, the Management Board hereby publishes by making available to the public, pursuant to Art. 500 § 2 (1) of the Commercial Companies Code Act of 15 September 2000 (and thus waives the announcement in Monitor Sądowy i Gospodarczy) that on 1 February 2017 the merger plan of Orzeł Biały S.A based at Piekary Śląskie with Helidor sp. z o.o. based in Wrocław was agreed, adopted and signed with the following content:

01.02.2017

Orzeł Biały S.A. (the Company), involved in the purchase and processing of battery scrap, and its main shareholder – NEF Battery Holdings S.a.r.l. (The Tenderer) – will acquire the shares of the Company in the Tender Offer. The offered price is PLN 8.65 per share.

ORZEŁ BIAŁY S.A. CONCLUDED AN AGREEMENT WITH THE MAJORITY SHAREHOLDER NEF BATTERY HOLDINGS S.A.R.L. (“THE SHAREHOLDER”) IN THE AREA OF CO-OPERATION IN PURCHASING SHARES  OF THE COMPANY REPRESENTING 39.45% OF THE  EQUITY CAPITAL  OF THE COMPANY AND IN PROVIDING SUPPORT IN THE REPURCHSE FINANCING OF OWN SHARES. TO THIS END, A CALL WILL BE ANNOUNCED AT PLN 8.65 PER SHARE

The Management Board of Orzeł Biały S.A. (“The Issuer”, “The Company”), hereby announces that on December 30, 2016, pursuant to the decision of the District Court in Gliwice, 10th Commercial Division of the National Court Register, the merger of Issuer with Ekobat Orzeł Biały sp. z o.o. based in Bytom was entered into the Companies Register of the National Court Register.

The Management Board of Orzeł Biały Spółka Akcyjna based at Piekary Śląskie, ul. Harcerska 23, 41-946 Piekary Śląskie, entered into the Companies Register of the National Court Register carried with the District Court in Gliwice, 10th Commercial Division of the National Court Register, under 0000099792, tax identification number NIP: 6260003139, share capital: PLN 7,159,779.07 ( hereinafter: “The Company”), acting pursuant to Art. 504 § 1 and 2 of the Commercial Companies Code Act of 15 September 2000 (i.e. Law Journal of 2016, Item 1578, hereinafter: “CCC”), in conjunction with Art. 402¹ CCC, hereby announces for the second time the planned merger of the Company with Ekobat Orzeł Biały spółka z ograniczoną odpowiedzialnością (limited liability company) based in Bytom, at ul. Siemianowicka 98, 41-902 Bytom, entered into the Companies Register of the National Court Register carried with the Katowice-Wschód District Court in Katowice, 8th Commercial Department of the National Court Register, under KRS 0000140502, NIP: 6262691310, share capital: PLN 1,295,000.00 fully paid up

Date: November 14, 2016

• Orzeł Biały, manufacturer of refined lead and lead alloys with an international reach, generated revenues of PLN 366.2 million after three quarters of 2016
• EBITDA after three quarters of 2016 amounted to PLN 18.5 million, up 66% as compared to the same period of the previous year when it amounted to PLN 11.1 million. Net profit for three quarters amounted to PLN 7.2 million, compared to PLN 1.9 million y-o-y.

The Management Board of Orzeł Biały Spółka Akcyjna based at Piekary Śląskie, ul. Harcerska 23, 41-946 Piekary Śląskie, entered into the Companies Register of the National Court Register carried with the District Court in Gliwice, 10th Commercial Division of the National Court Register, under 0000099792, tax identification number NIP: 6260003139, share capital: PLN 7,159,779.07 ( hereinafter: “The Company”), acting pursuant to Art. 504 § 1 and 2 of the Commercial Companies Code Act of 15 September 2000 (i.e. Law Journal of 2016, Item 1578, hereinafter: “CCC”), in conjunction with Art. 402¹ CCC, hereby announces for the first time the planned merger of the Company with Ekobat Orzeł Biały spółka z ograniczoną odpowiedzialnością (limited liability company) based in Bytom, at ul. Siemianowicka 98, 41-902 Bytom, entered into the Companies Register of the National Court Register carried with the Katowice-Wschód District Court in Katowice, 8th Commercial Department of the National Court Register, under KRS 0000140502, NIP: 6262691310, share capital: PLN 1,295,000.00 fully paid up.
Date: 28.10.2016

Based on the decision of the Management Board of Orzeł Biały S.A. based at Piekary Śląskie (41-946) at ul. Harcerska 23, entered into the Companies Register of the National Court Register carried with the District Court in Gliwice, 10th Commercial Department of the National Court Register under KRS 0000099792,
the Management Board of the Company hereby publishes by making available to the public, pursuant to art. 500 § 2 (1) of the Commercial Companies Code Act of 15 September 2000 (and thus waives the announcement in Monitor Sądowy i Gospodarczy) that, on October 24, 2016, the merger plan of Orzeł Biały SA based at Piekary Śląskie with Ekobat Orzeł Biały sp. o.o. based in Bytom was agreed, adopted and signed with the following content:

On this October 13 at 10:00 am, as part of defensive exercises conducted by the Town of Piekary Śląskie at the site of Orzeł Biały – Recycling Department, rescue and fire fighting exercises will be carried out with the participation of PSP Fire Fighting Squads of Piekary Śląskie, Bytom, OSP Dąbrówka and Brzeziny, squads from the Provincial Fire Fighting Brigade and the Specialist Chemical Rescue Group from the Katowice-Piotrowice squad.

• Orzeł Biały, Poland`s largest company specialising in the recycling of end-of-life lead-acid batteries and accumulators, generated revenues of PLN 241.1 million in the first half of 2016, -2% year-on-year.
• EBITDA (operating profit before depreciation and amortisation) and the pre-tax profit amounted to PLN 12.6 million and PLN 6.1 million, respectively, in the first half of 2016.

• Orzeł Biały, Poland`s largest company specialising in the recycling of end-of-life lead-acid batteries and accumulators, earned in first quarter revenues at 114.9 million PLN against 121.1 million PLN in first quarter 2015
• EBITDA (operating profit before depreciation and amortisation) in first quarter was 6.5 million PLN while the net profit was PLN 2.6 million as against 0.4 million a year ago. 
• The lead sales volume in first quarter 2016 was 14.6 kT. 

• Orzeł Biały, Poland`s largest company specialising in the recycling of end-of-life lead-acid batteries and accumulators, earned in 2015 highest revenues in history at 508.5 mln PLN, up 10.9% year-on-year. 
• EBITDA (operating profit before depreciation and amortisation) in 2015 was 25.4 mln PLN as against PLN 7.9 million in 2014 while the net profit was PLN 13 million as against 0.2 million a year ago. 
• The lead sales volume hit a history high in 2015 and was 62.3 kT (up 3.6% y-o-y).

• Orzeł Biały, Poland`s largest company specialising in the recycling of end-of-life lead-acid batteries and accumulators, generated revenues of PLN 383.8 million in the third quarter of 2015, up 15.2% year-on-year.
• EBITDA (operating profit before depreciation and amortisation) in third quarter 2015 was 11.1 million PLN and the net profit amounted to PLN 1.9 million against PLN 2.6 million, in the third quarter of 2014.
• The volume of lead manufactured and shipped in the first three quarters of 2015 amounted to 47.4 thousand tonnes (up 7.3% year-on-year).

• Orzeł Biały, Poland`s largest company specialising in the recycling of end-of-life lead-acid batteries and accumulators, generated revenues of PLN 121.1 million in the first quarter of 2015, up 20% year-on-year.
• EBITDA (operating profit before depreciation and amortisation) in first quarter 2015 was 3.5 million PLN and the net profit amounted to PLN -0.4 million
• The volume of lead manufactured and shipped in the first three months of 2015 amounted to 15.2 thousand tonnes (up 13% year-on-year).

• Orzeł Biały, Poland`s largest company specialising in the recycling of end-of-life lead-acid batteries and accumulators, earned in 2014  highest revenues in history at PLN 458.6, up 9.0% year-on-year. 
• EBITDA (operating profit before depreciation and amortisation) in 2014 was PLN +7.9 as against PLN -20.0 million in 2013 while the pre-tax profit was PLN +0.2 million as against a net loss at PLN -20.4 million a year ago. The performance improvement is mainly due to the stabilisation of the battery scrap market.
• The volume of lead manufactured and shipped hit a record high in 2014 and was 60.1 kT (up 8.4% y-o-y).

• Orzeł Biały, Poland`s largest company specialising in the recycling of end-of-life lead-acid batteries and accumulators, posted revenues at PLN 3333.0 million after three quarters of 2014, up 9.2% as compared to the previous year. 
• EBITDA (operating profit before depreciation and amortisation) was PLN 9.5 million after three quarters of 2014, up 87.9% y-o-y. The increase is largely due to lower battery scrap prices.
• The volume of lead manufactured and shipped amounted to 16.0 kT in Q3 (up 20.2% year-on-year). That was the best quarterly result in the Company’s history in this respect.