Current reports

The Management Board of Apator S.A. hereby announces that, acting pursuant to the authorisation granted by Resolution No. 36/VI/2025 of the Ordinary General Meeting of Shareholders of Apator S.A. of 25 June 2025 concerning the share buy-back programme for the purpose of their cancellation and reduction of the share capital, and the establishment of a share cancellation fund intended to finance the share buy-back programme (“Programme”), adopted a resolution of the Management Board on the commencement of the Programme.

The share buyback will be carried out through Erste Securities Polska S.A., with its registered office in Warsaw.

The implementation of the share buyback programme will comply with the relevant provisions of Polish law and European Union law, as well as with the rules set out in Resolution No. 36/VI/2025 of the Company’s general meeting of shareholders, pursuant to which:

- the maximum number of own shares to be acquired under the Programme is 500,000 shares, representing 1.53% of the share capital of Apator S.A.,
- the Programme will run until 30 April 2026,
- the unit price per Apator S.A. share acquired under the Programme may not exceed PLN 22.00.
- the funds allocated for the implementation of the Programme may not exceed the amount of the Share Redemption Fund, i.e. PLN 10,000,000.00,

- under the Programme, Apator S.A. may not acquire shares at a price higher than the price of the last independent transaction or, if higher, the highest current independent bid in the trading system in which the purchase is made, including in cases where the shares are traded in different trading systems,

- Apator S.A. may not acquire, on any trading day, more than 25% of the average daily trading size of the shares in the trading system in which the purchase is made. The average daily size is based on the average daily trading size over the last 20 trading days preceding the date of acquisition of the shares.

The remaining terms and conditions for the share buyback are set out in the Programme adopted by the General Meeting of Shareholders, which forms an annex to this report.

Legal basis: Article 2(1) 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 buy-back programmes and stabilisation measures, in conjunction with Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Further to Current Report No. 4/2025, the Management Board of Apator S.A. announces that on 8 August 2025 it entered into an Annex to the Agreement on the Establishment of an Innovation Partnership with Enea Operator sp. z o.o. ("the Client") an Annex to the Agreement on the establishment of an innovation partnership, enabling the acceleration and increase in the volume of planned deliveries of 1- and 3-phase remote reading meters ("LZO") under the so-called first Call for Tenders.

Under the signed annex, Apator S.A. will carry out additional deliveries of RRM meters worth PLN 96.6 million. Consequently, the total value of deliveries to be carried out between December 2025 and December 2027 will amount to PLN 158.9 million.

Additionally, the Annex provides for the possibility of early completion of Phase II and Phase III, as well as the acceleration of deliveries under Phase IV. Apator S.A. is currently carrying out Phase II of the contract, which involves research and development work to achieve the features required by the Client.

The remaining terms of the Agreement remain unchanged.

The Management Board of Apator S.A. announces that Apator S.A.’s bid has been selected as the most advantageous for Lot 1 in the tender procedure launched by Energa - Operator S.A. for the “Gradual supply of remote-reading meters together with backup communication modems”.

The total value of this bid is PLN 127 million, of which the value of the main contract is PLN 123.5 million.
Deliveries will be made within 36 months of the date of contract conclusion.

Participants in the tender procedure have the right to appeal against the tender results in accordance with the rules of Energa - Operator S.A. 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

The Management Board of Apator SA hereby announces that it has received a notification, pursuant to Article 19(1) of the MAR Regulation, from Janusz Marzygliński, a member of the Supervisory Board, regarding a transaction involving bearer shares of Apator SA carried out on 24 July 2025.

The full text of the notification is attached

The Management Board of Apator SA hereby announces that it has received a notification pursuant to Article 19(1) of the MAR Regulation from Janusz Marzygliński, a member of the Supervisory Board, regarding transactions in bearer shares of Apator SA carried out between 
18 July 2025 – 22 July 2025

The full text of the notification is attached.

The Management Board of Apator SA hereby announces that it has received notifications pursuant to Article 19(1) of the MAR Regulation from a member of the Supervisory Board, Tadeusz Sosgórnik, and a person closely associated with him, namely Lexon sp. z o.o. The notifications relate to transactions in registered and bearer shares of Apator SA carried out between 4 July 2025 and 7 July 2025.

Attached is the full text of the notifications:
- from Tadeusz Sosgórnik,
- from Lexon sp. z o.o.

The Management Board of Apator SA hereby announces that the following shareholders held at least 5% of the voting rights at the Ordinary General Meeting of Shareholders of Apator SA held on 25 June 2025:

1) Tadeusz Sosgórnik, together with the subsidiary STELLA AMP Family Foundation (in the process of being established), holding jointly at this AGM 1,799,000 shares entitling them to cast 6,614,000 votes, representing 18.37% of all votes at that meeting and 12.11% of the total number of votes,

2) Mariusz Lewicki, holding 2,340,000 shares at this AGM, entitling him to cast 5,902,128 votes, representing 16.40% of all votes at this meeting and 10.80% of the total number of votes,

3) PTE Allianz Polska S.A. (Allianz Polska Open Pension Fund and Allianz Polska Voluntary Pension Fund), holding 4,545,864 shares at this AGM, entitling them to cast 4,545,864 votes, representing 12.63% of all votes at this meeting and 8.32% of the total number of votes,

4) Danuta Guzowska, holding 1,512,311 shares at this AGM, entitling her to cast 4,374,953 votes, representing 12.15% of all votes at this meeting and 8.01% of the total number of votes,

5) Zbigniew Jaworski, holding 1,545,548 shares at this AGM, entitling him to cast 3,844,592 votes, representing 10.68% of all votes at this meeting and 7.04% of the total number of votes,

6) Kazimierz and Zdzisława Piotrowski, holding 823,955 shares at this AGM, entitling them to cast 2,818,277 votes, representing 7.83% of all votes at this meeting and 5.16% of the total number of votes.

Legal basis: Article 70(3) of the Act of 29 July 2005 on Public Offerings and the Conditions for Introducing Financial Instruments to Organised Trading and on Public Companies.

Apator SA announces that on 26 June 2025, the Issuer’s Supervisory Board appointed the Management Board of Apator SA, with effect from 26 June 2025, for a new joint three-year term of office, ending on the date of the Ordinary General Meeting of Shareholders of Apator SA in 2028.

The Management Board of Apator SA will consist of the following two members:

• Maciej Wyczesany – Chairman of the Management Board, Chief Executive Officer of the Apator Group,
• Łukasz Zaworski – Member of the Management Board, Director of Product Development.

Below, the Issuer provides the CVs of the appointed Members of the Management Board.

Biographical note on Maciej Wyczesany

Maciej Wyczesany is a graduate of Economics at Nicolaus Copernicus University in Toruń and the IMD programme – Digital Disruption in Business. Mr Wyczesany is a manager with over 25 years’ experience gained in industrial companies with both Polish and international capital. Between 2009 and 2022, he served as Chief Financial Officer and Member of the Management Board at DOVISTA Polska Sp. z o.o., part of the Danish VKR Group, which manufactures window and door joinery and includes, among others, Velux. Between 2006 and 2009, he served as CFO and Chief Accountant at Gunnebo Industries, a company in the construction sector owned by a Swedish capital group. He was responsible, among other things, for mergers and acquisitions and investment processes aimed at increasing the company’s value. He directly managed the finance, controlling, HR and IT departments. He carried out tasks related to the development and implementation of corporate strategies, team building and organisational culture change processes. In previous years, Maciej Wyczesany gained professional experience as a finance and accounting manager and financial controller.

Since March 2023, he has been at the helm of Apator S.A., which forms an international capital group; he also sits on the Supervisory Boards of Apator Group companies in order to exercise closer ownership supervision.

Areas of responsibility:

• setting the direction and operationalising the strategy of Apator S.A. and the Apator Group,
• supervising the Apator Group companies and the consolidated financial results,
• managing the affairs of the Management Board of Apator S.A. and directing its work in accordance with the Commercial Companies Code, the Articles of Association of Apator S.A. and the internal regulations in force at Apator S.A.,
• overseeing the following areas at Apator S.A.: finance, procurement, production, technology, marketing and sales, as well as investor relations, communications and PR.

Maciej Wyczesany does not engage in any business activities competitive to Apator S.A., does not participate in a competing company as a partner in a civil law partnership or a partnership, is not a member of a governing body of a competing limited company, nor does he participate in any other competing legal entity as a member of its governing body.

Maciej Wyczesany is not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register.

Biographical note on Łukasz Zaworski

Łukasz Zaworski graduated in Engineering Physics from Nicolaus Copernicus University and obtained a PhD in Engineering Sciences in the field of electronics from Wrocław University of Technology. He also completed a postgraduate Executive MBA programme at the Warsaw School of Economics.
Mr Łukasz has been with Apator S.A. since 2011. Initially, he worked as an R&D project manager, and from 2018 he served as Director of Development of Measuring Equipment and Systems and as Research and Development Representative within the Apator Group. He has been a member of the Management Board of Apator S.A. since November 2023.

Mr Łukasz is an expert in the electricity metering industry and a co-creator of the development of the range of meters and related products; he has many years’ experience in managing R&D teams and conducting market analyses. He is responsible for product and market innovation and for improving the product range. He is also a long-standing member of the Supervisory Boards of Apator Group companies. He is also a member of the Board of Directors of the Danish company Apator Miitors ApS, which is a research and development unit working on ultrasonic technology in the field of water metering and heat metering.

Areas of responsibility:

• implementation of Apator S.A.’s strategy regarding the development of new and existing products,
• cooperation with sales departments regarding market needs, analyses and market trends, as well as product development and commercialisation plans,
• overseeing the development and implementation of new products into production and onto the market,
• coordination of product development strategy at Apator Group level,
• coordination of R&D budgets and optimisation of the Group’s resource utilisation,
• sustainability and oversight of the implementation of the ESG strategy.
   

Łukasz Zaworski does not engage in any business activities competitive to Apator SA, does not participate in a competing company as a partner in a civil law partnership or a partnership, is not a member of a governing body of a competing limited company, nor does he participate in any other competing legal entity as a member of its governing body.

Łukasz Zaworski is not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register.

Legal basis: § 5(6) of the Regulation of the Minister of Finance of 6 June 2025 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.

The Management Board of Apator SA hereby attaches the text of the resolutions adopted by the Ordinary General Meeting of Shareholders of Apator SA on 25 June 2025.

The Management Board also informs that:

• The Ordinary General Meeting of Shareholders did not refrain from considering any of the items on the proposed agenda,
• there were no draft resolutions that were put to the vote but not adopted.
• during the proceedings of the Ordinary general meeting of shareholders, no objections were raised to the resolutions put to the vote by the general meeting of shareholders.

Legal basis: § 20(1)(6), (7), (8) and (9) of the Regulation of the Minister of Finance of 6 June 2025 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.

The Management Board of Apator SA announces that on 25 June 2025, the Company’s general meeting of shareholders resolved that the Supervisory Board of Apator SA, appointed for a new joint term of office from 2025 to 2030, shall consist of sevenmembers and elected the following persons to serve as Members of the Supervisory Board:
1) Janusz Niedźwiecki
2) Mariusz Lewicki
3) Janusz Marzygliński
4) Kazimierz Piotrowski
5) Monika Guzowska
6) Tadeusz Sosgórnik
7) Grażyna Sudzińska-Amroziewicz

The CVs of the appointed members of the Supervisory Board are attached to this report.

Legal basis: Section 5(6) of the Regulation of the Minister of Finance of 6 June 2025 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.