Announcement :
Merger of KP S.A. and ALFOMBRAS A MEDIDA S.A.

The purpose of this letter is to inform you that, today, by joint and unanimous decision of both Boards of Directors, the merger process by absorption between Alfombras a Medida S.A. (absorbed) and Sociedad Anónima KP (absorbing) has been initiated, under whose sole name both will operate when this process is completed.

The aforementioned merger, which must be ratified by the respective General Shareholders’ Meetings, entails the extinction without liquidation of the absorbed company(Alfombras a Medida SA), and the universal succession of its assets, rights and obligations by the absorbing company, Sociedad Anónima KP, to which all the assets and liabilities of the absorbed company will be incorporated en bloc.

Therefore, we now open a process whose final result will be that all the assets and liabilities of the absorbed company (Alfombras a Medida), when legally appropriate, will be transferred to SA KP, who will be subrogated in its legal position, assuming all its rights and obligations.

This means that all your current contractual conditions will remain unchanged.

We want you to rest assured that this change will in no way diminish your current conditions as a customer or supplier. On the contrary, this process is carried out with the main objective of making the resulting entity stronger.

In due course, it will be informed as from the date on which it must operate with the absorbing company(Sociedad Anónima KP). Likewise, the creditors of each of the companies participating in the merger shall have the right to oppose the merger within a period of one month from the date of publication of the last announcement of the merger resolution, in accordance with the terms set forth in RDL 5/2023.

In any case, we remain at your disposal for any further clarification.

Official documents of the agreement:

20240617 Report of the Board of Directors Merger by Absorption Project – employment implications

Sincerely yours,

Virginia Martínez Guerra

Chairman of the Board of Directors

 

 

 

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