The Executive Board of Apator SA announces that as a part of optimization of the structure of capital group and consolidation of electricity segment it has taken the decision on the intention to incorporate Apator Elkomtech SA (Łódź) into Apator SA (Toruń).

The merger is expected to result in increased management efficiency and market synergies.

The merger is planned by transferring all assets of Apator Elkomtech SA to Apator SA on 1st January 2022.

Due to the fact that Apator SA is the owner of 100% shares of Apator Elkomtech SA, the merger will be carried out in simplified procedure based on art. 516 § 6 of Polish Commercial Companies Code, without the increase of share capital of the Issuer and without the issue of new shares.