The Management Board of KGHM Polska Miedź S.A. (“the Company”) announces, in reference to regulatory filing no. 29/2020 dated 7 October 2020, that it received a document “Offer Notice” prepared by Sumitomo Metal Mining Co., Ltd. and Sumitomo Corporation (“Sumitomo”). This document was presented to the Company in connection with the intent to sell the entirety of the shares of Sumitomo in the joint venture company Sierra Gorda SCM (“Sierra Gorda”) to the Australian mining group South32.
The document is subject to analysis under the right of first refusal of the Company to acquire shares in Sierra Gorda belonging to Sumitomo. The decision on the aforementioned matter will be announced by the Company’s Management Board via a separate regulatory filing.
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).