ESTAR (EST): Announcement - raport 87

Raport bieżący nr 87/2017

Podstawa Prawna:
ENEFI Energy Efficiency Plc. (the “Company”) had previously notified its reputable Investors

that Company is continuing progressing negotiations with Enerln Kft. about the sale of the

street lighting projects previously purchased from them (return) with the originally calculated

expected yield. In case of a successful transaction the street lighting branch of ENEFI would

be completely terminated and its portfolio would become further simplified and its

outstanding claims would be further reduced.

The Company notifies that the agreement has been concluded between the parties on the basis

of which EnerIn Kft. shall pay the purchase price of the assets, i.e. the total amount of HUF

215 million + VAT to the Company by 31 October 2017. Consequently in case of successful

closing the cash of the Company will be approx. HUF 350 million. EnerIn Kft. undertook to

pay the purchase price mostly from a bank loan and according to the information received

from the customer the bank has approved the loan.

The Company hereby calls the attention of its reputable Investors that the purchase price has

not been received by the Company yet and there is a risk of failure of the transaction even if

the extent of this risk is not so considerable as it was for example in the case of the Polish sale

where the successful closure depended on numerous conditions.

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