Timeline
2015

January, February

Expression of preliminary interest in acquisition of the assets held by KWK Brzeszcze, or a part thereof, in response to the enquiry posed by Kompania Węglowa and Spółka Restrukturyzacji Kopalń (Mine Restructuring Company).

Commissioning of a new high voltage dispatch station in Gliwice by TAURON Dystrybucja.

Listing of TAURON bonds on the Catalyst market.

March, April

The first listing of TAURON bonds with a total nominal value of PLN 1,750 billion in the Catalyst alternative trading system.

Conclusion of an agreement by TAURON, PGE, ENEA and KGHM for the purchase of shares in PGE EJ1 – a special-purpose vehicle responsible for the preparation and execution of an investment consisting in the construction and operation of the first Polish nuclear power plant with a capacity of approximately 3 GW.

Adoption of a resolution by the Ordinary General Meeting of TAURON concerning the allocation of a part of the profit equal to PLN 262.9 million to be paid as a dividend.

May, June

Signing of a letter of intent by TAURON and Spółka Restrukturyzacji Kopalń concerning the intention to cooperate on the potential acquisition of KWK Brzeszcze.

Implementation of the Central Billing System for mass clients in the TAURON Group.

July, August

Signing of an annex to the programme agreement by the Company and Bank Gospodarstwa Krajowego (BGK), increasing the bond issue programme by PLN 700 million.

Conclusion of an investment agreement to build a unit with a capacity of 413 MWe at Elektrownia Łagisza by TAURON Wytwarzanie with Polskie Inwestycje Rzowojowe (Polish Development Investment).

Retention of the Company’s long-term foreign and local currency ratings at the “BBB” level, with a stable outlook by the Fitch rating agency.

Commencement of pile founding for the foundation slab of a boiler house of the unit with a capacity of 910 MWe at Elektrownia Jaworzno III.

September, October

Changes in the composition of the TAURON Management Board.

Registration of the Łagisza Grupa TAURON special-purpose vehicle with its registered office in Katowice to run a project to build a power unit with a capacity of 413 MWe at Elektrownia Łagisza.

Convening of the Extraordinary General Meeting of TAURON to raise the Company’s share capital.

Conclusion of a preliminary conditional agreement to sell a part of KWK Brzeszcze between the subsidiary, R S G and Spółka Restrukturyzacji Kopalń.

Registration of the change in the company name of the special-purpose vehicle R S G to Nowe Brzeszcze Grupa TAURON.

Confirmation of the Company’s long-term foreign and local currency ratings at the BBB level and change in the outlook from stable to negative by the Fitch rating agency.

TAURON awarded the main prize for The Best Annual Report for the second time in a row for the best annual report for 2014.

Completion of stage II construction of the Marszewo wind farm with a capacity of 18 MW.

November, December

Signing of agreements between the Company and banks concerning the establishment of the bond issue programme with a total value of PLN 6.27 billion.

Issuance of approval by the President of UOKiK (Office for Competition and Consumer Protection) for concentration ensuing from the purchase of part of KWK Brzeszcze by Nowe Brzeszcze Grupa TAURON.

Adopting the Corporate Sustainability Strategy for 2016 - 2018 with forecasts up to 2020.

Failure of the Extraordinary General Meeting of TAURON to adopt a resolution to raise TAURON’s share capital.

Changes in the composition of the TAURON Management Board.

Finalisation of topping up foundations of the machinery room with concrete in the unit with a capacity of 910 MWe at Elektrownia Jaworzno III.

Conclusion of an agreement by Nowe Brzeszcze Grupa TAURON and Spółka Restrukturyzacji Koplań to sell part of KWK Brzeszcze.