Current Report 28/2018
24/08/2018 • 15:54
Subject:
Disclosure of delayed inside information – commencement of negotiations concerning an investment by subsidiary Vercom S.A. in Appchance sp. z o.o. sp.k.
Legal basis:
The Management Board of R22 with its registered office in Poznań (the “Issuer”) hereby announces that on 11.06.2018 it decided to delay the disclosure of inside information pursuant to Article 17(4) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse 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.
Content:
The reason for disclosing the delayed inside information is the completion of negotiations and the execution of an investment agreement by subsidiary Vercom S.A. with Appchance sp. z o.o. sp.k. and its partners.
The delayed inside information concerned the execution by subsidiary Vercom S.A. on 11.06.2018 of a letter of intent commencing negotiations concerning an investment by Vercom S.A. in Appchance sp. z o.o. sp.k. The letter of intent contemplated the commencement of negotiations concerning an investment in Appchance sp. z o.o. sp.k., following its transformation into a limited liability company, by ensuring that Vercom S.A. would acquire part of the shares from the partners and subscribe for shares through two increases of the transformed company’s share capital, with the aim of reaching an aggregate 39% of the share capital, with an option to increase this interest in 2020 to 64% of the share capital. The letter of intent provided for exclusivity in negotiations for a period of 3 months from its execution.