Current report number: 7/2020
Data: 26 June 2020
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. (hereinafter referred to as the ‘Company’ or the ‘Issuer’), with reference to ongoing report No. 28/2019 dated 17 October 2019 and transaction of 17 October 2019 by and between the Company and Offsite Archive Storage & Integrated Services (Ireland) Ltd. (hereinafter referred to as ‘OASIS’) with registered office in Dublin, concerning the sale of 4,250,000 (four million two hundred and fifty thousand) shares in ArchiDoc Spółka Akcyjna with registered office in Chorzów (hereinafter referred to as ‘ArchiDoc;), hereby informs whom it may concern that today, i.e. 26 June 2020, the Company’s account has been credited with the amount of PLN 3,500,000.00 (three million five hundred thousand Polish zlotys), paid by OASIS when entering into the transaction into an escrow account in order to be payable to the Company and paid out from the escrow account in whole or in part in case ArchiDoc and its subsidiary generated in 2019 the standardised EBITDA result in a predefined amount. Since the above-mentioned condition has been fulfilled, i.e. ArchiDoc and its subsidiary generated in 2019, a standardised EBITDA result in an amount exceeding PLN 7,500,000.- (seven million five hundred thousand Polish zlotys), the above amount became payable to the Company and was paid out in whole in its favour.
The above-mentioned amount constitutes a part of the price for the sale of shares in ArchiDoc and was recognised in whole in the financial result for 2019, due to the fact that the fulfilment of the condition was assessed by the Company’s Management Board as probable as at the date of the publication of the Issuer’s financial statements for 2019. Detailed information about the settlement of the transaction of the sale of shares in ArchiDoc S.A., its impact on the financial result of OEX S.A. and the consolidated financial result of the Group for 2019 was provided in Note No. 19 to the Company’s financial statements for 2019 and in Note No. 20 to the consolidated financial statements for 2019.
Signatures of Company’s representatives:
Tomasz Słowiński – Member of the Management Board
Robert Krasowski – Member of the Management Board