The sale of shares of subsidiary - Newind Sp. z o. o.
The Executive Board of Apator SA announces that subsidiary - Apator Rector Sp. z o.o. made the sales offer of shares of Newind Sp. z o. o., that is 9.000 shares being 60% of share capital. On 6th May 2013 the above offer was accepted by two natural persons being co-owners of Newind Sp. z o. o.
The sales price of 9.000 shares was fixed in amount of 1.728.270 PLN that is 192,03 PLN each. Total expenses for 9000 shares were 1.043.700 PLN, including:
- 173.700 PLN for the acquisition of 300 shares (579 PLN each one),
- 870.000 PLN for the take up of 8.700 shares by the increase of share capital (100 PLN each one).
Decision on sale of the shares of Newind Sp. z o. o. was made after the evaluation of two year period of the activity of the company in the structure of Apator’s group and in result of it the following was found that:
- acquisition of shares of Newind Sp. z o.o. did not bring expected synergy effects for Apator’s group
- Newind Sp. z o.o. did not implement the provisions of investment contract as for profitability and pace of development of own IT solutions.
Sales contract of shares will be concluded at the latest till 31st May 2013.
In spite of the decrease of composition of capital group of Apator, the Executive Board of Apator SA considers that the forecast of consolidated financial results for 2013 assuming the revenues in the range 700 – 730 m PLN and comprehensive net profit in the range 68 – 71 m PLN will be performed.
CONTACT ON INVESTOR RELATIONS
cc group - Katarzyna Mucha
Mobile +48 697 613 712
Mobile +48 56 61 91 228
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