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UPDATE ON THE MANDATORY SELL-OUT PROCEEDING - PROCEEDINGS BEFORE THE LUXEMBOURG ADMINISTRATIVE COURT AGAINST THE CSSF'S DECISION SETTING THE FAIR PRICE KERNEL HOLDING S.A. (LU0327357389)

19-10-2026 21:21:09 | ESPI | 28/2026
oUNI-EN: UPDATE ON THE MANDATORY SELL-OUT PROCEEDING - PROCEEDINGS BEFORE THE LUXEMBOURG ADMINISTRATIVE COURT AGAINST THE CSSF'S DECISION SETTING THE FAIR PRICE

PAP
Data: 2026-10-19

Firma: KERNEL HOLDING S.A.

oSpis tresci:
1. REPORT
2. INFORMATION ABOUT THE ENTITY
3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

oSpis zalacznikow:
Znaleziono 1 załącznik
  • Current-report-28-2026 eng.pdf
  • Arkusz: REPORT

    Nazwa arkusza: REPORT


    POLISH FINANCIAL SUPERVISION AUTHORITY
    UNI - EN REPORT No 28 / 2026
    Date of issue: 2026-10-19
    Short name of the issuer
    KERNEL HOLDING S.A.
    Subject
    UPDATE ON THE MANDATORY SELL-OUT PROCEEDING - PROCEEDINGS BEFORE THE LUXEMBOURG ADMINISTRATIVE COURT AGAINST THE CSSF'S DECISION SETTING THE FAIR PRICE
    Official market - legal basis
    Art. 17 ust. 1 MAR
    Unofficial market - legal basis
    Contents of the report:
    Kernel Holding S.A., a Luxembourg-registered company _the "Company"_, hereby informs that on 16 October 2026 it has come to the Company's attention that on 22 September 2026 the following two applications were filed by four minority shareholders of the Company before the Luxembourg Administrative Court _Tribunal administratif_ against the decision of the Commission de Surveillance du Secteur Financier _the "CSSF"_ dated 30 June 2026 setting the fair price of the Company's shares in the mandatory sell-out proceeding at PLN 19.93 per share _the "CSSF Decision"_, as disclosed in Current report No. 17/2026 dated 1 July 2026:
    1.an application for annulment of the CSSF Decision, requesting that the matter be referred back to the CSSF to set the fair price on the basis of a new valuation report _recours en annulation, case No. 55705_; and
    2.an application for suspension of the execution of the CSSF Decision pending a final decision on the annulment application _requte en sursis exécution, case No. 55706_.

    The CSSF is the defendant in both proceedings. Namsen Limited, the Company's majority shareholder, has also been joined as an interested third party. No claims are made against the Company or Namsen Limited.

    Under Luxembourg law, the filing of an application for annulment does not in itself suspend the execution of the CSSF Decision. The hearing on the application for suspension has been scheduled for 26 October 2026. If that application was granted, the execution of the CSSF Decision would be suspended pending a final decision on the annulment application, which may affect the timetable and financial terms of the mandatory sell-out proceeding.

    Unless and until such suspension is ordered, the mandatory sell-out proceeding continues in accordance with the terms and timetable described in Current report No. 21/2026 dated 7 August 2026: eligible shareholders may continue to submit Sell-Out Requests until 29 December 2026, and the final settlement is expected on 4 January 2027.
    Annexes
    File Description
    Current-report-28-2026 eng.pdf

    Nazwa arkusza: INFORMATION ABOUT THE ENTITY


    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-1840 Luxembourg
    _post code_ _city_
    Boulevard Joseph II 8A
    _street_ _number_
    _phone number_ _fax_
    ir@kernel.lu www.kernel.ua
    _e-mail_ _web site_
    _NIP_ _REGON_

    Nazwa arkusza: SIGNATURE OF PERSONS REPRESENTING THE COMPANY


    SIGNATURE OF PERSONS REPRESENTING THE COMPANY
    Date Name Position / Function Signature


    Identyfikator raportu jjvuszwyf1
    Nazwa raportu UNI-EN
    Symbol raportu UNI-EN
    Nazwa emitenta KERNEL HOLDING S.A.
    Symbol Emitenta KERNEL HOLDING S.A.
    Tytul UPDATE ON THE MANDATORY SELL-OUT PROCEEDING - PROCEEDINGS BEFORE THE LUXEMBOURG ADMINISTRATIVE COURT AGAINST THE CSSF'S DECISION SETTING THE FAIR PRICE
    Sektor Spożywczy (spo)
    Kod L-1840
    Miasto Luksemburg
    Ulica Boulevard Joseph II
    Nr 8A
    Tel.
    Fax
    e-mail ir@kernel.lu
    NIP
    REGON
    Data sporzadzenia
    Rok biezacy 2026
    Numer 28
    adres www www.kernel.ua
    Serwis Ekonomiczny Polskiej Agencji Prasowej SA 2026 Copyright PAP SA - Wszelkie prawa zastrzezone.