September 1, 2017 / 11:04
Regulatory filing
In connection with the regulatory filing 30/2016 published on December 9, 2016 and regulatory filing 11/2017 published on August 21, 2017, the Management Board of Agora S.A. („Agora”, the Company”) informs that the Company received on September 1, 2017 notification on execution of the option to purchase 51.06% shares in the company Green Content Sp. z o.o. (“Green Content”) by Discovery Polska Sp. z o.o. (“Discovery”). Agora informs also that the price for the sold stake in Green Content in the amount of PLN 19.000.140 (say: nineteen million one hundred forty Polish zlotys) was booked at the Company’s bank account.
As a result of option execution, Dicovery Polska Sp. z o.o. as of September 1, 2017 possesses 100% shares in the company Green Content Sp. z o.o., and Agora ceased to be a stakeholder in Green Content.
The transaction will have a positive impact on the financial results of Agora and the Agora Group in the third quarter of 2017. The estimated impact of the transaction on the net results of Agora S.A. and the Agora Group shall amount to ca. PLN 11.1 million and ca. PLN 11.4 million, respectively
As a result of an analysis performed, Agora decided that the above information should be reported as confidential information within the meaning of article 17, paragraph 1 of Market Abuse Regulation, and is thus reported as this regulatory filing.
Legal basis: article 17, paragraph 1 of the Regulation of the European Parliament and Council Regulation (EC) No. 596/2014 of 16th of April, 2014 on market abuse (Regulation on Market Abuse), and repealing Directive 2003/6/EC of the European Parliament and of the Council and the Commission Directive 2003/124/EC, 2003/125/EC and 2004/72/EC.
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