Decision on KGHM Polska Miedź S.A.’s right of first refusal to acquire shares in Sierra Gorda

Wednesday, 24 November, 2021
47/2021

The Management Board of KGHM Polska Miedź S.A., in reference to regulatory filing no. 39/2021 dated 14 October 2021, announces that today it decided not to exercise the right of first refusal to acquire shares in the joint venture company Sierra Gorda SCM belonging to Sumitomo Metal Mining Co., Ltd. and Sumitomo Corporation.

This decision is in line with the current strategy of KGHM Polska Miedź S.A and it will enable the realisation of other strategic development projects and investment challenges.

Legal basis: Art. 17 (1) of MAR (Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal of the European Union dated 12 June 2014, no. L 173/1).

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