PKN ORLEN S.A. ANNOUNCED A TENDER OFFER TO BUY THE REMAINING SHARES IN ENERGA S.A.

On 21 September 2020, PKN ORLEN S.A. announced a tender offer to buy the remaining shares in ENERGA S.A. A SMM Legal team led by Prof. Maciej Mataczyński, our Managing Partner, has been providing comprehensive legal support throughout the project.

Our corporate services team has continuously assisted PKN ORLEN S.A. in the process aimed at acquiring control of ENERGA S.A.

The tender offer was announced in compliance with Article 91(5) of the Act of 29 July 2005 on public offering, terms for the introduction of financial instruments to organised trading, and on public companies (as the so-called delisting tender offer).

‘We have assisted our client in drafting the tender offer announcement and the related corporate documentation’, explains Mr. Tomasz Jaranowski, one of our attorneys working on the project. ‘Our services also comprised matters related to the compliance with client’s disclosure obligations”, adds Mr. Jaranowski.

Other lawyers actively involved in the case include Adrian Rycerski and Aleksandra Rudnicka.

Importantly, our firm has handled the previous tender offer announced by PKN ORLEN S.A. To buy shares in ENERGA S.A.

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