Report nr: 12/2024 Date of publication: 22.05.2024 / 17:39
The Management Board of UNIMOT S.A. with its registered office in Zawadzkie (the “Issuer”) announces that on 22 May 2024 it received information on the conclusion of an agreement for the transshipment and storage of LPG by the Issuer’s subsidiary, Unimot Paliwa sp. z o.o. (“Unimot Paliwa”) with HES Wilhelmshaven Tank Terminal GmbH (“HES”). The agreement provides for the transshipment and storage of LPG with a volume of approximately 8,000 tonnes.
The agreement has been concluded for a fixed period of 48 months, starting on 1 October 2024, with an option to extend it for a further 24 months.
The warehouses and infrastructure owned by HES and subject to the contract are located in Germany. This location of the LPG transshipment terminal is optimal from the point of view of the logistical process for the supply of this product, particularly when the embargo on LPG imports from Russia to the EU will become effective from December 2024. The value of the aforementioned agreement in the first term is estimated by the Issuer at PLN 120 million.
In addition, the Issuer announces that it has agreed with HES the key terms of a further agreement related to the handling and storage of diesel. The guaranteed diesel storage capacity is to be 78,000 cubic metres. The parties intend to conclude the diesel agreement for a period of 18 months, starting from 1 July 2024, with an option to extend it for a further 12 months. The value of this future contract should amount to approximately PLN 15 million.
The LPG agreement and the future diesel agreement are to be treated jointly and will enter into force at the same time as of the signing of the last of them.
The Issuer considered the above agreement to be significant given its value and the strategic importance of ensuring the storage and distribution of LPG supplied from western directions, for the possibility of conducting operations in the area of LPG trading after the introduction of the full embargo in the EU on this product from Russia.
Legal basis:
Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR Regulation)
Persons representing the Company:
Filip Kuropatwa, Vice-President of the Management Board
