JR Holding SA

M&A Activity • Mar 5, 2021

The Management Board of Berg Holding S.A. with its registered office inKatowice [Company, Issuer] informs that a interdependent company ofFarmy Fotowoltaiki S.A. i.e. Columbus&Farmy Sp. z o.o. [C&F] in whichFarmy Fotowoltaiki S.A. holds 50% of shares, concluded a number ofphotovoltaic projects purchase agreement under which C&F agreed with theSeller on detailed therms and conditions of purchase of the followingprojects:1. the Niemstów project, located in Podkarpackievoivodeship, involving the development of a photovoltaic farm with acapacity od 1 MW on a plot of land with an area of 1.97 ha,2. theOpaka 1 and Opaka 2 projects, both located in Podkarpackie voivodeship,involving the development of two photovoltaic farms with a totalcapacity of 2 MW on a plot of land with an area of 4,78 ha,3. theTymce 1 and Tymce 2 projects, both located in Podkarpackie voivodeship,involving the development of two photovoltaic farms with a totalcapacity of 2 MW on a plot of land with an area of 4,84 ha.Pursuantto the concluded agreements, the parties agreed that the Seller willtransfer the ownership of the aforementioned projects to C&F as soon asa set of decisions concerning the environmental conditions of theinvestment, development conditions and a construction permit becomeslegally binding.At the same time C&F reserved the right to withdrawfrom the aforementioned agreements within one year of their conclusionif the Seller contraty to the declaration fails to transfer the rights,obligations and documents as well as if the Seller fails to removepotential legal defects related to the aformentioned projekcts.Inthe opinion of the Issuer's Management Board, the information aboutsigning the agreements is confidential due to the fact that itsimplementation will have a significant impact on the financial revenuesof the Issuer's Capital Group.