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FINANCIAL RESULTS OF THE AGORA GROUP IN THE 1Q 2024

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FINANCIAL RESULTS OF THE AGORA GROUP IN THE 1Q 2024

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Company data

AGORA S.A.
Czerska 8/10 Street
00-732 Warszawa

AGO 1,2%
mWIG40 -0,34%
WIG-MEDIA -0,26%

Regon: 11559486
Numer KRS: 59944
NIP: 526-030-56-44

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January 25, 2019 / 17:43

1/2019 The commencement of negotiations regarding the purchase of Eurozet Sp. z o. o.

Regulatory filing

The Management Board of Agora S.A. with its registered seat in Warsaw ("the Company") ("Agora") hereby informs that today the Company has begun negotiations regarding the potential acquisition of shares in Eurozet sp. o.o. with headquarters in Warsaw ("Eurozet") from their current owner.

The company started negotiations with the seller together with SFS Ventures s.r.o. with its registered seat in Prague (Czech Republic) ("SFS Ventures") concerning the purchase of all the shares in the share capital of Eurozet in such a way that:

  1. SFS Ventures will acquire 60% of shares in Eurozet,
  2. Agora will acquire 40% of shares in Eurozet.

SFS  Ventures is a company incorporated under Czech law; majority stake  is
owned by a subsidiary of Sourcefabric z.ú., an organization based in Prague
(Czech Republic), offering open source software solutions for the media and
minority  stake  is  owned  by Salvatorska Ventures LCC, a US registered
subsidiary of Media Development Investment Fund.

At the same time, due to the commencement of negotiations mentioned above, the Company started also negotiations with SFS Ventures regarding establishing detailed principles of potential investment in Eurozet by SFS Ventures as a majority shareholder and the Company as a minority partner, as well as the future cooperation of these entities as partners in Eurozet.

The commencement of the negotiations described above does not mean that any of the negotiation processes mentioned above will end with the determination of the final terms, respectively of the purchase of Eurozet shares or cooperation between SFS Ventures and the Company in the scope indicated above.

Negotiations with the seller are conducted on a non-exclusive basis. The potential transaction is in line with the long-term strategy of the Agora Group, in particular with the plan to strengthen the position of the Agora capital group on selected markets in which it currently operates.

Legal basis: Article 17, paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission directive 2003/124/EC, 2003/125/EC and 2004/72/EC - confidential information.

 

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