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KERNEL HOLDING S.A.: UPDATE ON OPERATIONS AND RECENT DEVELOPMENTS

2023-09-06 21:42
publikacja
2023-09-06 21:42
Spis treści:

1. REPORT

2. INFORMATION ABOUT THE ENTITY

3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

POLISH FINANCIAL SUPERVISION AUTHORITY
UNI - EN REPORT No 34 / 2023
Date of issue: 2023-09-06
Short name of the issuer
KERNEL HOLDING S.A.
Subject
UPDATE ON OPERATIONS AND RECENT DEVELOPMENTS
Official market - legal basis
art. 17. 1 MAR.
Unofficial market - legal basis
Contents of the report:
Kernel Holding S.A. (the “Company”) hereby provides an update on recent developments and operations

On September 2, 2023, Russia once again targeted key Danube port infrastructure in Ukraine, vital to the operations of the Company’s subsidiaries involved in sunflower oil exports from the region. Russian drones inflicted damage to multiple critical assets, including storage tanks used for vegetable oil accumulation, equipment essential for transshipment activities (including pipelines), railway intake capabilities, rail tanks awaiting unloading, and an administrative building. The full extent of these damages is currently under assessment.

Continuing their aggressive actions on September 3, 2023, Russia also targeted grain flat storages operated by a port operator in the Danube region, which provides crucial grain transshipment services to Kernel. This resulted in the complete destruction of two flat storages with a combined storage capacity of 5 thousand tons, while another two flat storages with the same capacity suffered damage and temporarily cannot be used for grain accumulation. These relentless airstrikes are severely disrupting the export of agricultural products from Ukraine.

Additionally, on 6 September 2023, another strike occurred, targeting, among other locations, the Company's assets in the Danube ports. Fortunately, there was no significant damage, although the operational activity of such assets was disrupted.

In addition, the Company provides a preliminary update on its export volumes for August 2023. Kernel exported 92 thousand tons of grain, 67 thousand tons of sunflower meal, and 98 thousand tons of sunflower oil. Export volumes were undermined by the challenges the Company faces, such as the inability to export goods through Ukrainian Black Sea ports and the ongoing Russian attacks on Ukrainian Danube port infrastructure, which have severely disrupted river export logistics.
Annexes
File Description

KERNEL HOLDING S.A.
(fullname of the issuer)
KERNEL HOLDING S.A. Spożywczy (spo)
(short name of the issuer) (sector according to clasification
of the WSE in Warsow)
L-1273 Luxembourg
(post code) (city)
rue de Bitbourg 9
(street) (number)
(phone number) (fax)
(e-mail) (web site)
(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date Name Position / Function Signature
Źródło:Komunikaty spółek (ESPI)
Tematy
Najtańsze konta firmowe z premią za korzystanie
Najtańsze konta firmowe z premią za korzystanie

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