With reference to the content of ESPI Current Report No. 23/2024 dated June 13, 2024, and ESPI Current Report No. 32/2024 dated July 16, 2024, The Management Board of Polska Grupa Militarna S.A. with its registered office in Warsaw (the Issuer) hereby announces that on August 29, 2024, the Issuer entered into agreements pursuant to which it acquired and subscribed for shares representing 70% of the share capital of Proguns sp. z o.o. with its registered office in Wypędy (Proguns), and, following the registration of the new shares in the register, 90% of the share capital of Proguns, in exchange for a price of PLN 363,531.89 (three hundred sixty-three thousand five hundred thirty-one zlotys and eighty-nine groszy) and a contribution to Proguns, as a contribution for the new Proguns shares, the amount of PLN 300,000 (three hundred thousand zlotys).
The issuer notes that Proguns:
1/ held a license to conduct business activities involving the trade in the types of weapons and ammunition specified in paragraphs 2–6 and 8–14 of Part III – Types of Weapons and Ammunition – BA – of the Annex to the Regulation of the Council of Ministers of September 17, 2019, on the classification of types of explosives, weapons, ammunition, and products and technologies intended for military or police use, for the manufacture or trade of which a license is required, issued by the Minister of the Interior and Administration;
2/ operates its own base warehouse (a warehouse for explosives, weapons, ammunition, and items intended for military or police use);
3/ operates an online store selling firearms and ammunition at https://proguns.pl/.
The Issuer’s Management Board notes that the acquisition and subscription of Proguns shares enable the Issuer to conduct, within the Capital Group, activities involving the storage of weapons and ammunition, which constitutes a significant step in the implementation of the Issuer’s strategy. At the same time, the Issuer’s Management Board intends to develop the Proguns brand by leveraging the infrastructure that the brand has established.