Current reports

Decision of the Issuer with regard to the commencement of analysis related to the possibility of sale of a subsidiary

Current report number: 11/2019

Data: 25 February 2019

Legal basis:

Art. 17 (1) of the 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 (‘MAR’).

Content of the report:

The Management Board of OEX S.A. (‘Company’) hereby informs whom it may concern that on 25 February 2019 it took a decision to carry out analyses concerning a preliminary non-binding offer received from a foreign professional investor (hereinafter referred to as the ‘Potential Investor’) concerning a potential transaction of sale (hereinafter referred to as the ‘Potential Transaction’) of 4,250,000 shares (hereinafter referred to as the ‘Shares’) in ArchiDoc S.A. with registered office in Chorzów (hereinafter referred to as ‘ArchiDoc’), constituting 100% of the share capital of ArchiDoc and, in case of a positive assessment of the offer, possible start of talks with the Potential Investor in the above-mentioned case.

The offer made by the Potential Investor defines the minimum transaction value of the enterprise (Enterprise Value) of ArchiDoc, corresponding to, assuming no debt and cash, the selling price of 100% of shares in ArchiDoc amounting to PLN 70,000,000.00 (seventy million Polish zlotys), with a possibility to obtain additional payments to the selling price that would be due in case ArchiDdoc generated defined financial performance in the years 2019 – 2021.

In result of the above-mentioned analyses, the Company may decide to start talks with the Potential Investor the subject matter of which would be the negotiation and determination of all detailed terms and conditions of the Potential Transaction, including in particular the selling price of Shares as well as the determination of a detailed time schedule of actions to be undertaken in order to effect the Potential Transaction.

Further information concerning the flow of the Potential Transaction shall be provided by the Company in subsequent notices.

Signatures of Company’s representatives:

Tomasz Słowiński – Member of the Management Board
Robert Krasowski – Member of the Management Board