Current report no. 13/2015
Title: Establishment of the company URSUS BUS S.A.
Legal basis:
Art. 56 sec. 1 point 1 of the Act on Public Offering - Confidential information
Message:
The Management Board of the Issuer hereby informs that on the 24th April 2015 the company with the seat in Lublin was founded. Its shareholders are the Issuer which acquired 60% of shares and
AMZ Kutno sp. z o.o. which acquired 40% of shares. The Company has an unlimited period of operations and its main business activity shall be manufacturing and sales of buses and trolleybuses.
Establishment of the company URSUS BUS S.A. results from implementation of the strategy of the Issuer’s Management Board aiming to increase the activity of the brand URSUS on the market of buses, trolleybuses and electric buses. Acquirement of a renowned sector partner will speed up growth of share of URSUS brand vehicles in the market segment. Buses, trolleybuses and electric buses manufactured by URSUS BUS S.A. will respond to increasing demand for innovative and ecological means of transport. Enlargement of the capital group URSUS should also have a positive impact on its financial results.
The legal basis of transmission of this report is of the Art. 56 sec. 1 point 1 of the Act on Public Offering dated July 29th 2005.
