Disclosure of confidential information concerning the conduct of negotiations
The Management Board of Apator SA announces that the subsidiary Apator Powogaz SA conducted the negotiations on acquisition of foreign company acting in the area of metering of water and heat.
On 20th May 2015 selling party suspended the sales process.
Please find below the content of the report no. 4/2015 P submitted on 6th May 2015 to Polish Financial Supervision Authority, regarding the delayed confidential information:
“Management Board of Apator SA ("Issuer") acting based on art 57 para 1 of the Act dated 29th July 2005 on public offering and conditions of introduction of financial instruments to organized trading system and public companies (Journal of Laws No. 184, item 1539 with later amendments) ("Act"), with regard to § 2 para 1 point 1 of the Resolution of Minister of Finance dated 13th April 2006 on kind of information that can violate legitimate interest of the Issuer and the method of proceeding of the Issuer with regard to the delay in announcement of confidential information (Journal of Laws No. 67, item 476 with later amendments), advises about the delay of the performance of the obligation mentioned in art. 56 para 1 point 1 of the Act, referring to confidential information concerning negotiations being conducted by the Issuer.
The delay in announcement of the above confidential information is justified due to the fact that its current announcement could violate legitimate interest of the Issuer since it could have negative influence on the result of negotiations being conducted.
In opinion of the Issuer the delay in announcement of the above confidential information will not cause the misleading the public and the confidentiality of the content of the above information will be maintained until its announcement as well.
The content of the above confidential information will be announced in form of current report till 31st July 2015 that is the day of completion of negotiations being assumed by the Company.”
Legal basis:
(i) art 57 para 3 in connection with art. 56 para 1 point 1 of the Act dated 29th July 2005 on public offering and conditions of introduction of financial instruments to organized trading system and public companies (Journal of Laws No. 184, item 1539 with later amendments) ("Act"),
(ii) art. 57 para 1 of the Act in connection with § 2 para 1 point 1 of the Resolution of Minister of Finance dated 13th April 2006 on kind of information that can violate legitimate interest of the Issuer and the method of proceeding of the Issuer with regard to the delay in announcement of confidential information (Journal of Laws No. 67, item 476 with later amendments).