The company Doosan Škoda Power s.r.o., Business ID No.: 49193864, with its registered office at Tylova 1/57, Jižní Předměstí, 301 00 Plzeň, Czech Republic (Postal Delivery Code: 301 28), registered in the Commercial Register maintained by the Regional Court in Plzeň, under File No. C 24733 (the “Company”), announces that the sole shareholder of the Company, i.e. Doosan Power Systems S.A, a company incorporated under the laws of the Grand Duchy of Luxembourg, with its registered office at L-2411 Luxembourg, 28, Boulevard F.W. Raiffeisen, Grand Duchy of Luxembourg, registration number B 125754 (the “Sole Shareholder”), has decided, on 30 July 2024, to reduce the registered share capital of the Company as follows (the “Decision”):
a) The registered share capital (in Czech: základní kapitál) of the Company shall be reduced from the existing amount of CZK 3,298,345,000 (in words: three billion two hundred and ninety-eight million three hundred and forty-five thousand Czech crowns) by the amount of CZK 1,848,345,000 (in words: one billion eight hundred and forty-eight million three hundred and forty-five thousand Czech crowns) to the amount of CZK 1,450,000,000 (in words: one billion four hundred and fifty million Czech crowns).
b) The amount of the Sole Shareholder's equity contribution (in Czech: vklad) shall be changed by reducing it by the amount of CZK 1,848,345,000 (in words: one billion eight hundred and forty-eight million three hundred and forty-five thousand Czech crowns), i.e. from the original amount of the equity contribution amounting to 3,298,345,000 CZK (in words: three billion two hundred and ninety-eight million three hundred and forty-five thousand Czech crowns) to the equity contribution amounting to 1,450,000,000 CZK (in words: one billion four hundred and fifty million Czech crowns). The Sole Shareholder's participation interest (in Czech: podíl) in the amount of 100% (in words: one hundred per cent) of the Company's registered share capital will, after the registration of the reduction of the registered share capital into the Czech Commercial Register, correspond to the equity contribution to the Company's registered share capital in the amount of CZK 1,450,000,000 (in words: one billion four hundred and fifty million Czech crowns).
c) The amount of CZK 1,848,345,000 (in words: one billion eight hundred and forty-eight million three hundred and forty-five thousand Czech crowns) corresponding to the reduction of the share capital shall be paid in full to the Sole Shareholder within ninety days after the reduction of the registered share capital takes effect, i.e. within ninety days after the new amount of the registered share capital is entered into the Czech Commercial Register.
d) The Company has not issued any shareholder certificates (in Czech: kmenové listy), therefore no deadline is set for their submission.
The effects of the reduction of the registered share capital shall occur at the moment of entry of the new amount of registered share capital into the Czech Commercial Register
A scan of the notarial deed containing the Resolution is available for download at the link below:
eNZ_404_2024.pdf