Current reports

The Management Board of Apator SA, acting in accordance with its long-standing policy of sharing profits with shareholders, recommends the payment of dividends from the profit for the 2020 financial year amounting to PLN 1.20 gross per share.

An interim dividend of PLN 0.45 gross per share was paid on 31 December 2020 towards the dividends from the 2020 profit. The Management Board proposes the payment of the remaining portion of the dividends in the amount of PLN 0.75 gross per share.

The Management Board notes that this recommendation is subject to change, and the final proposal regarding the amount of dividends will depend on market conditions, in particular the impact of the pandemic on the operations of the Company and the Apator Group companies.

Further to Current Report No. 2/2021, the Management Board of Apator SA announces that, following a successful tender, it has entered into contracts with seven branches of PGE Dystrybucja SA ("PGE").

The subject of the signed agreements is the supply of three-phase electricity meters worth PLN 35.5 million in the years 2021–2022. PGE also has an option to increase the order by a maximum of PLN 9.9 million. Consequently, the total potential value of the contract amounts to PLN 45.4 million.

The Management Board of Apator SA (the “Issuer”) hereby announces that, acting within the scope of the authorisation granted by Resolution No. 31/VII/2020 of the General Meeting of Shareholders of Apator SA held on 2 July 2020, the Issuer, during trading sessions on the Main Market of the Warsaw Stock Exchange between 3 and 11 February 2021, acquired:

• on 3 February 2021, 800 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 24.50 per share, in transactions representing a total of 0.0024% of the share capital and 0.0015% of the votes at the general meeting of shareholders,
• on 9 February 2021, 800 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 24.91 per share, in transactions representing a total of 0.0024% of the share capital and 0.0015% of the votes at the general meeting of shareholders.

On 4, 5, 8, 10 and 11 February 2021, the Issuer did not carry out any transactions.

The transactions were executed through Erste Securities Polska SA.

As a result of the above transactions, the Issuer acquired 1,600 of its own shares, representing 0.0049% of the share capital and conferring the right to 1,600 votes at the Company’s General Meeting of Shareholders, which constitutes 0.0029% of the total number of votes.

In total, since the start of the share buyback, the Issuer has acquired 19,300 own shares, representing 0.0588% of the share capital and conferring the right to 19,300 votes at the Company’s AGM, which represents 0.0352% of the total number of votes.

Attached, the Issuer provides a list of detailed data on share buyback transactions carried out between 3 and 11 February 2021.

Detailed legal basis:

Article 2(3) of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards on the application of the conditions to buy-back programmes and stabilisation measures.

The Management Board of Apator SA hereby announces that on 5 February 2021 it received a copy of the claim brought by PySENSE Sp. z o.o. against Apator SA, which the Management Board considers to be unfounded.

The claim was filed with the Regional Court in Toruń, 6th Commercial Division, and concerns payment of the sum of PLN 21,526,688.09, comprising:

• compensation under Article 471 of the Civil Code for damages arising from Apator SA’s failure to perform the cooperation agreement of 31 October 2018 concerning the manufacture by PySENSE Sp. z o.o. of communication modems for Apator SA’s electricity meters, in the amount of PLN 21,347.389.20 PLN (i.e. 20,502,193.30 PLN plus statutory interest for late payment from the due date of 1 April 2020 in the amount of 845,195.90 PLN),
• remuneration for the transfer by PySENSE Sp. z o.o. of copyright to Apator SA in the amount of PLN 115,263.57 (i.e. PLN 110,700 plus statutory interest for late payment from the due date of 1 April 2020 in the amount of PLN 4,563.57),
• remuneration for granting Apator SA a software licence in the amount of PLN 64,035.32 (i.e. PLN 61,500 plus statutory interest for late payment from the due date of 1 April 2020 in the amount of PLN 2,535.32).

As indicated at the outset, the Management Board of Apator SA considers the claim to be unfounded and will move to have the claim dismissed in its entirety.

The Management Board of Apator SA (the “Issuer”) hereby announces that, acting within the scope of the authorisation granted by Resolution No. 31/VII/2020 of the General Meeting of Shareholders of Apator SA held on 2 July 2020, the Issuer, during trading sessions on the main market of the Warsaw Stock Exchange between 20 and 29 January 2021, acquired:

• on 20 January 2021, 800 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 23.50 per share, in transactions representing a total of 0.0024% of the share capital and 0.0015% of the votes at the general meeting of shareholders,
• on 27 January 2021, 900 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 23.05 per share, in transactions representing a total of 0.0027% of the share capital and 0.0016% of the votes at the general meeting of shareholders.

On 21, 22, 25, 26, 28 and 29 January 2021, the Issuer did not carry out any transactions.

The transactions were executed through Erste Securities Polska SA.

As a result of the above transactions, the Issuer acquired 1,700 of its own shares, representing 0.0052% of the share capital and conferring the right to 1,700 votes at the Company’s General Meeting, which constitutes 0.0031% of the total number of votes.

In total, since the start of the share buyback, the Issuer has acquired 17,700 own shares, representing 0.0540% of the share capital and conferring the right to 17,700 votes at the Company’s General Meeting, which constitutes 0.0323% of the total number of votes.

Attached, the Issuer provides a list of detailed data on the share buyback transactions carried out between 20 and 29 January 2021.

Detailed legal basis:

Article 2(3) of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards on the application of the conditions to buy-back programmes and stabilisation measures.

The Management Board of Apator S.A. hereby announces the dates for the publication of periodic reports in 2021:
1) Consolidated quarterly reports:
- for the fourth quarter of 2020 – 26 February 2021 (Friday),
- for the first quarter of 2021 – 17 May 2021 (Monday),
- for the third quarter of 2021 – 17 November 2021 (Wednesday).

2) Half-yearly reports for the first half of 2021:
- separate half-yearly report – 31 August 2021 (Tuesday),
- consolidated half-yearly report – 31 August 2021 (Tuesday).

3) Annual reports for 2020:
- separate annual report – 28 April 2021 (Wednesday),
- consolidated annual report – 28 April 2021 (Wednesday).

Pursuant to §79(2) of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information disclosed by issuers of securities and the conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws, item 757), Apator S.A. will not publish a separate or consolidated quarterly report for the second quarter of 2021.

In accordance with §62(1) of the aforementioned Regulation, the Company will not submit separate standalone quarterly reports; however, the consolidated quarterly reports will include the standalone quarterly financial information.

Legal basis:

Section 80(1) of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information disclosed by issuers of securities and the conditions for recognising as equivalent information required by the laws of a non-Member State (Journal of Laws, item 757).

The Management Board of Apator SA (the “Issuer”) hereby announces that, acting within the scope of the authorisation granted by Resolution No. 31/VII/2020 of the General Meeting of Shareholders of Apator SA held on 2 July 2020, the Issuer, during trading sessions on the main market of the Warsaw Stock Exchange between 7 and 18 January 2021, acquired:

• on 7 January 2021, 800 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 24.50 per share, in transactions representing a total of 0.0024% of the share capital and 0.0015% of the votes at the general meeting of shareholders,
• on 12 January 2021, 900 treasury shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 23.60 per share, in transactions representing a total of 0.0027% of the share capital and 0.0016% of the votes at the general meeting of shareholders.

On 8, 11, 13, 14, 15 and 18 January 2021, the Issuer did not carry out any transactions.

The transactions were executed through Erste Securities Polska SA.

As a result of the above transactions, the Issuer acquired 1,700 of its own shares, representing 0.0052% of the share capital and conferring the right to 1,700 votes at the Company’s General Meeting of Shareholders, which constitutes 0.0031% of the total number of votes.

In total, since the start of the share buyback, the Issuer has acquired 16,000 own shares, representing 0.0488% of the share capital and conferring the right to 16,000 votes at the Company’s General Meeting of Shareholders, which constitutes 0.0292% of the total number of votes.

Attached, the Issuer provides a list of detailed data on share buyback transactions carried out between 7 and 18 January 2021.

Detailed legal basis:

Article 2(3) of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards concerning the application of the conditions to buy-back programmes and stabilisation measures.

Further to current reports No. 44/2020 and 71/2020, the Management Board of Apator S.A. announces that on 12 January 2021 Apator Powogaz S.A. entered into a final agreement with a party from the property development sector (“the Buyer”) for the sale of a property situated in the centre of Poznań.

The subject of the Agreement is a plot of land situated at 23/25 Klemensa Janickiego Street in Poznań, with a total area of 3.3 ha, on which the current headquarters of Apator Powogaz S.A. is situated

Pursuant to the aforementioned Agreement, ownership of the property was transferred to the Buyer for a net price of PLN 63.5 million. On the date of conclusion of the Agreement transferring ownership, the Buyer shall lease the property to the Company for the purpose of continuing its current operations until 28 February 2022, with the option to extend the lease period until 30 April 2022. The property shall be handed over on the date of termination of the lease.

The parties to the Agreement have confirmed that a deposit of PLN 9 million net was paid on 29 July 2020, following the conclusion of the preliminary agreement. The remaining instalments are payable on the following dates:

a) PLN 21 million net and 100% VAT, calculated on the property price, shall be paid within 2 working days of the date of conclusion of the Final Agreement,

b) PLN 12 million net within 5 working days of the Buyer obtaining the final planning permission for the first stage of the development planned for the property, but no later than 31 May 2021,

c) PLN 21.5 million net on the date of termination of the lease agreement and handover of the property to the Buyer.

The agreement also contains provisions regarding the security of Apator Powogaz S.A.’s claims by establishing a mortgage up to the amount of PLN 34 million and the Buyer submitting to Apator Powogaz S.A. a declaration of submission to enforcement pursuant to Article 777 of the Code of Civil Procedure, with the option to convert the security in respect of the amount of PLN 21 million into security in the form of a bank guarantee, in which Apator Powogaz S.A. shall be the beneficiary of the guarantee.

The estimated impact of the transaction on the Apator Group’s net profit will amount to PLN 27 million.

The Management Board of Apator SA announces that it has received notification from Mr Mariusz Lewicki, Deputy Chairman of the Supervisory Board of Apator SA, regarding the purchase of 15,000 bearer shares in Apator SA on 7 January this year.

Legal basis: Article 19(3) of the Market Abuse Regulation (MAR)

The Management Board of Apator SA announces that the company’s bid has been selected as the most advantageous in the tender for the supply of residential meters for electricity, announced by PGE Dystrybucja SA (Lot 2 – three-phase meters).

The value of the bid is PLN 45.4 million, including an option to increase the order by PLN 9.9 million.

Deliveries will take place in 2021–2022.

Participants in the tender procedure have the right to appeal against the outcome of the tender. The contract is expected to be concluded following the conclusion of any appeal proceedings.

The Issuer will announce the conclusion of the contract in a separate current report.