Current reports

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 dated 2 July 2020, the Issuer, during trading sessions on the Main Market of the Warsaw Stock Exchange between 4 and 15 March 2021, acquired:

• on 4 March 2021, 800 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 24.62 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 March 2021, 800 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 24.41 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 5, 8, 9, 10, 11 and 15 March 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 22,500 own shares, representing 0.0686% of the share capital and conferring the right to 22,500 votes at the Company’s General Meeting, which constitutes 0.0410% of the total number of votes.

Attached, the Issuer provides a list of detailed data on share buyback transactions carried out between 4 and 15 March 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 announces that on 5 March 2021, an agreement was concluded between Apator Metrix SA, GWi Ltd. and Meter Fit 20 Ltd. for the supply of gas regulators to the UK market between 2021 and 2025. The estimated value of the contract is approximately GBP 8 million (i.e. PLN 42 million, based on the average exchange rate of the National Bank of Poland on 4 March 2021, GBP 1 = PLN 5.2717). The contract stipulates that the supply of regulators will be carried out on the basis of ongoing orders placed by Meter Fit 20 Ltd. according to its requirements.

The remaining provisions of the contract regarding contractual penalties, mutual responsibilities and obligations do not deviate from market conditions commonly applied in this type of contract concluded in the United Kingdom, in accordance with the law of England and Wales.

Legal basis: Article 17 of the Market Abuse Regulation (MAR)

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 17 and 26 February 2021, acquired:

• on 17 February 2021, 800 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 25.20 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 26 February 2021, 800 own shares with a nominal value of PLN 0.10 each, at an average unit price of PLN 25.20 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 18, 19, 22, 23, 24 and 25 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, which constitutes 0.0029% of the total number of votes.

In total, since the start of the share buyback, the Issuer has acquired 20,900 own shares, representing 0.0637% of the share capital and conferring the right to 20,900 votes at the Company’s General Meeting, which constitutes 0.0381% of the total number of votes.

Attached, the Issuer provides a list of detailed data on the share buy-back transactions carried out between 17 and 26 February 2021.

Specific 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, 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.