Polski Koncern Naftowy Orlen SA to Discuss Merger with Grupa LOTOS SA M&A Call Transcript

Jun 02, 2022 / NTS GMT
Konrad Wlodarczyk - Polski Koncern Naftowy ORLEN Spólka Akcyjna - IR Director

Executive Director for M&A stock and IR department as well as by Karol Wolff, Head of Strategy. After the presentation, as usual, there will be a Q&A session. So with no further delay, I give floor to Robert Sleszynski. Robert, floor is yours.

Robert Sleszynski -

Thank you very much, Konrad. Good afternoon, everyone. A lot has already been said about this transaction yet still like a lot ahead of us. Nevertheless, today, we are facing a very significant milestone with regards to the merger between PKN ORLEN and Grupa LOTOS. Today, the management teams of both PKN ORLEN and Grupa LOTOS agreed and executed the merger plan, which has already been published in a public domain.

In terms of the merger plan, the management teams already actually agreed on a share swap parity, which is the crucial part of the document. The agreed share swap parity is at the level of 1. 075. What actually means that the shareholder -- actually, next slide, apologies because I forgot. Can you move to the

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