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Current reports

The meeting of contingent conditions specified in preliminary contract of purchase of the shares of Przedsiębiorstwo Wdrożeń Postępu Technicznego Elkomtech S.A.

Nr 16/2014
Date and time: 2014/03/18, 00:00
Category: Others

Further to current report no 42/2013 dated 23rd December 2013 and current report  no 15/2014 dated 7th March 2014 the Executive Board of Apator S.A. („Issuer”) announces about two other contingent conditions were met that had been specified in preliminary contingent sales contract of shares of Przedsiębiorstwo Wdrożeń Postępu Technicznego Elkomtech S.A. („Elkomtech”) with headquarters in  Łódź concluded on 23rd December 2013 between Issuer as the Buyer and natural persons as the Seller („Preliminary Contract”) were met.

The Issuer announces that on 18th March 2014:

a) it received prepared by Elkomtech financial statement of Elkomtech for financial year ending on  31st December 2013;

b) manner and conditions of employment of the members of the Executive Board of Elkomtech have been changed.

Thus all contingent conditions were satisfied that had been specified in Preliminary Contract. The Parties have decided that conclusion of the Preliminary Contract will take place on 1st April 2014.

The subject of the Preliminary Contract is the obligation to conclude the final sales contract of shares of Elkomtech where based on it the Issuer on closing date will purchase 14.005 registered shares of Elkomtech of total nominal value 700.250 PLN being 100% of share in share capital of Elkomtech and 100% of total number of votes at its General Shareholders Meeting.

 Legal basis:

 (i) §5 para 1 point 4 of the Regulation of Minister of Finance dated 19th February 2009 regarding current   and regular information being transferred by the issuers of securities and conditions to be considered as   equivalent information  required by law of the country not being the member of the EU  (Dz.U.33 item 259   with later amendments).


Contact for institutional investors and analysts

cc group - Katarzyna Mucha

Mobile +48 697 613 712

Management and Promotions Director of Apator Group

Jolanta Dombrowska

Mobile +48 56 61 91 228


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