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WYNIKI FINANSOWE GRUPY AGORA W 3. KWARTALE 2023 R.

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WYNIKI FINANSOWE GRUPY AGORA W 3. KWARTALE 2023 R.

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

    AGO 0,36%
    mWIG40 0,5%
    WIG-MEDIA 0,13%

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

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    June 9, 2021 / 13:29

    11/2021 Publication of delayed confidential information on the commencement of the strategic options review process for Agora Group's internet operations

    Regulatory filling

    The Management Board of Agora S.A. with its registered office in Warsaw ("Agora", "the Company") provides delayed confidential information that on 8 June 2021 it made a decision to start the process of reviewing strategic options for Agora Group's internet operations in order to effectively achieve Agora's strategic goal related to the development of the subscription model and an increase in revenues from the sale of advertising services.

    The review of strategic options is aimed at selecting the most advantageous way to achieve the long-term goal of the Company, which is the development of the Group leading to maximization of value for the current and future shareholders of the Company. As part of the review, the Company intends to analyze various scenarios related to, i.a., the reorganization of the group in order to organize its structure. The above list of options is not exhaustive and does not preclude the consideration of other options, not listed above, if such appear as a result of the review, including the sale of assets.

    The Company decided to delay the publication on 8 June 2021, as the publication of information on the commencement of the strategic options review process could infringe the Company's legitimate interest by adversely affecting this process, as well as the Company's development and image. The company indicates that the delay in disclosing the above information did not mislead the public, and that it has taken all steps to ensure the confidentiality of the information. The reason for the disclosure of delayed confidential information is the decision made by the Management Board of the Company to merge the current Press segment with the Gazeta.pl division into one business area of the Agora Group, pursuing the common goal of increasing digital subscriptions and advertising revenues from all areas of Agora S.A.'s websites. The integration plan for both businesses will be developed by the end of the year. At the same time, additional scenarios related to the business strategy of the Internet segment of the Agora Group will be analyzed.

    In connection with the above decision, the Management Board of Agora starts a simultaneous analysis of other possible scenarios of the Agora Group's Internet segment operations. In particular, this will include verification of the advertising potential of the Group's internet assets due to the long-term goal of increasing the value of the Agora Group.

    Text of the delayed information:

    Decision on the commencement of the strategic options review process for the Agora Group's internet operations

    The Management Board of Agora S.A. with its seat in Warsaw ("Agora", " the Company") announces that on 8 June 2021, it made a decision to start the process of reviewing strategic options for Agora Group's internet operations in order to effectively implement Agora's strategic goal related to the development of the subscription model and increase in revenues from the sale of advertising services.
    As part of the process, the Management Board of Agora intends to maximize the chances of exploiting the potential of the Company's websites to accelerate the increase in the number of Wyborcza.pl digital subscriptions and increase of revenues from the sale of advertising services. For this purpose, it intends to merge the Gazeta.pl division and the Press segment in Agora S.A.

    Additionally, the Agora's Management Board plans to analyze the possible scenarios of the Agora Group's Internet segment operations. In particular, this will include verification of the advertising potential of the Group's internet assets due to the long-term goal of increasing the value of the Agora Group. Thus, the process of reviewing strategic options for the Agora Group's internet operations is a multi-stage process.

    The list of scenarios is not exhaustive and does not exclude the consideration of other options, not mentioned above, if such appear as a result of the review. It is uncertain whether and when a decision to choose a particular option will be made. The Management Board of Agora will publish information on the review process in accordance with applicable law.

    Legal basis: Art. 17 sec. 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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