Report ESPI 32/2021

The Management Board of Berg Holding S.A. with its registered office in Katowice [Company, Issuer] in reference to the ESPI current report No. 74/2020 of December 4, 2020 on information about formation of the associated company of the Issuer, informs that today it received information about registration by the Gdańsk-Północ District Court in Gdańsk, VI Commercial Division of the National Register Court, the company ELON MOTORS S.A. [Associated company] in the Register of Entrepreneurs.

At the same time the Issuer’s Management Board informs that upon registration of the Associated company in the Register of Entrepreneurs, ELON MOTORS S.A. has started its operating activity in the field of production, distribution and sale of electric motorcycles, scooters, kick scooters and bikes in accordance with the development strategy published by the Issuer in the ESPI current report No. 14/2021 of Februady 19, 2021.

The share capital of the Associated company is 100,000.00 PLN and is divided into 1,000,000 A series registered shares. The Issuer took up 210.000 A series registered shares in the share capital, accounting for 21% of the share capital and 21% of the votes at the General Meeting of Associated company. Due to the Issuer’s share in the share capital and voting rights at the General Meeting the ELON MOTORS S.A. is an entity associated with the Issuer.

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