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Subscription for Sale of Shares of Azoty Tarnów Extended

Acron Group, under the announced tender offer, has made the decision to again prolong subscriptions for the sale of shares of the Zakłady Azotowe w Tarnowie-Mościcach S.A. by one week. Subsequently, investors can subscribe for the sale of shares until 13 July 2012. 

– We again extend the subscription period under the announced tender offer for Azoty Tarnów shares. We conduct intensive talks with the shareholders of the company. Thereby we uphold our full commitment in this project – explains Vladimir Kantor, Vice President of Acron Group. 

Through subsidiary Norica Holding S.à r.l., Acron Group plans to buy an interest in Zakłady Azotowe w Tanowie-Mościcach S.A. totaling up to 66% of the total votes on the general shareholders’ meeting. The price offered in the tender offer is PLN36 per share. Subscription for shares will be accepted by Dom Maklerski BZ WBK S.A. and Bank Zachodni WBK S.A.