With reference to the content of ESPI Current Report No. 1/2025 dated January 10, 2025, the Management Board of Polska Grupa Militarna S.A., with its registered office in Warsaw (the Issuer), hereby announces that on January 29, 2025, the Issuer agreed with Proguns Group S.A., with its registered office in Warsaw (formerly Asmodev S.A.), on the terms and conditions for the Issuer’s subscription to the new issue of shares of Proguns Group S.A. The Issuer announces that the parties have agreed that the Issuer will subscribe to shares of Proguns Group S.A. representing at least 50.01% of the total number of votes at the General Meeting of Proguns Group S.A., and thus Proguns Group S.A. will become part of the Issuer’s Capital Group.
At the same time, on January 29, 2025, the Issuer entered into a share sale agreement with Proguns Group S.A., pursuant to which the Issuer sold to Proguns Group S.A. shares representing 90% of the share capital of Proguns sp. z o.o., with its registered office in Wypędy, in exchange for a price of 900,000 PLN.