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March 15, 2023 / 14:30
The Management Board of Agora S.A. with its registered seat in Warsaw (“Company”, “Agora”) informs that profit from remeasurement of 400 shares in the share capital of Eurozet sp. z o.o. (‘Eurozet”) owned by the Company shall be recognized in the consolidated profit and loss account of the Agora Group for Q1 2023.
Upon settlement of acquisition of 110 shares in Eurozet, which took place on February 27, 2023 (in accordance with regulatory filing No. 14/2023), Agora Group remeasured the already owned 400 shares in Eurozet to its fair value as at the acquisition date, i.e. February 27, 2023, in line with IFRS 3. As a result, in Q1 2023 the Agora Group shall report profit on the remeasurement of the already owned 400 shares in Eurozet, which shall be recognized in financial income in the consolidated profit and loss account of the Agora Group in Q1 2023.
Profit on the remeasurement in the initial amount of PLN 45 304k was calculated on the basis of the carrying amount of the investment in the associate Eurozet as of December 31, 2022.
The final revaluation of acquired net assets, goodwill and profit on remeasurement of previously held shares shall be finally calculated as of the day of taking control over Eurozet and reported in the periodic report for Q1 2023.
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