Current reports
No. 4/2021
Signing of the agreed contract for the sale of Apator Powogaz SA’s property in Poznań
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.
No. 3/2021
Notification of a transaction involving shares in Apator SA
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)
No. 2/2021
Selection of the most advantageous tender in the tender for the supply of meters
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.
No. 1/2021
Signing of a contract for the development of the ZMS system at Tauron Dystrybucja SA
The Management Board of Apator SA announces that its subsidiary, Apator Rector Sp. z o.o., has entered into a contract with Tauron Dystrybucja SA ("TD") worth approximately PLN 26.3 million.
The agreement concerns the provision, in the years 2021–2024, of maintenance, support and development services for the Network Asset Management (ZMS) IT system implemented at TD.
In accordance with the provisions of the agreement, TD is entitled to charge contractual penalties, in particular for:
- delays in the provision of maintenance, support, development or warranty services,
- delays in rectifying faults or defects.
The total value of contractual penalties may not exceed 20% of the total remuneration payable to Apator Rector sp. z o. o., however, TD may claim supplementary damages in accordance with general principles.
The remaining terms of the agreement do not differ from those commonly applied to transactions of this type.
Legal basis:
Article 17(1) of the Market Abuse Regulation