In reference to the current report No. 3/2021 of 9 February 2021 and 31/2021 of 6 September 2021, based on the analysis of the acquisition offers of the Flexible Packaging Segment (hereinafter referred to as the FPS) of the Capital Group of Grupa KĘTY S.A., as received within the process of identifying interest among potential investors and the possible sale of that segment (hereinafter referred to as the Process), the Management Board of Grupa Kęty S.A. (hereinafter referred to as the Company or the Issuer) made a decision on rejecting the received offers and closure of the Process.
In accordance with the Process assumptions, the FPS sale transaction could be made should the shareholders of Grupa KĘTY S.A. receive as a result thereof a premium over the value generated by the FPS operating within the Capital Group of Grupa KĘTY S.A. The value has been estimated by the Issuer with the use of the discounted cash flows method, in reference to the FPS projections and based on several scenarios, including based on the data disclosed in the development strategy of the Capital Group of Grupa KĘTY in the years 2021–2025. The offers received confirm the value of the FPS, however, upon consideration of the costs related to the transaction, including tax charges, do not generate added value for the shareholders of Grupa KĘTY S.A.
