The Managing Board of Apator SA informs that during the work over the consolidated yearly financial statements, the decision was adopted to establish the provisions charging the result for 2017 at the amount of 12,6 million PLN.

The provisions are related to the negotiations with reference to the conclusion of court settlement with Tauron Dystrybucja SA (including the contractual penalty for the delay), as well as guarantee repairs.  

Taking into account the above, consolidated net result of Apator Group for 2017 shown in the audited yearly statements shall amount to 43,8 million PLN.

The Managing Board of Apator SA has informed about the call for payment of the contractual penalty by current report number 38/2017. The negotiation process of the settlement is advanced and the Managing Board shall inform about the conclusion thereof by a separate current report.

Legal basis: Art. 17 subpara. 1 of MAR – inside information.