Unimot S.A. (WSE:UNT) agreed to acquire 90% stake in Olavion Spolka Z Ograniczona Odpowiedzialnoscia on November 14, 2022. Unimot will acquire 0.00414 million shares of Olavion Spolka. In the Term Sheet, the parties agreed on a mechanism for determining the price for the acquisition of 90 % of the shares from the majority shareholders of Olavion, which will be adjusted for net debt and difference in working capital at the transaction closing date. In relation to 10 % of shares owned by the management staff, these shares are to be acquired upon the approval of the financial statements for 2024, and the price will be determined on the basis of profit share for 2023-2024 set forth in the agreement. The transaction is deemed to be completed upon the fulfilment of conditions precedent, the receipt of approval issued by the President of the Office of Competition and Consumer Protection, the receipt of corporate approvals from Unimot S.A. As on March 7, 2023 Unimot S.A. (WSE:UNT) acquired 90% shares in Olavion for PLN 24.2 million. The agreement on the acquisition of the remaining 10% shares will have been signed by July 7, 2025.

Unimot S.A. (WSE:UNT) completed the acquisition of 90% stake in Olavion Spolka Z Ograniczona Odpowiedzialnoscia on March 7, 2023.