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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 4, 2024 / 11:32

2/2024 Completion of negotiations and sale of shares in HRlink sp. z o.o.

Regulatory filing

The Management Board of Agora S.A. with its seat in Warsaw (“Agora”), in connection with the regulatory filing No. 1/2024 of January 4, 2024, hereby informs that today, i.e. January 4, 2024 Agora concluded with eRecruitment Solutions sp. z o.o. with its seat in Warsaw, a company belonging to Grupa Pracuj S.A. capital group („eRecruitment Solutions”), a share purchase agreement concerning sale of all shares of HRlink sp. z o. o. with its seat in Szczecin (“HRlink”) held by Agora (“Transaction”).

The Transaction consisted of sale of all shares in HRlink held by Agora, i.e. 95 shares constituting 79.83% of the share capital of HRlink for a price of PLN 6,204,196.53.

As a result of the Transaction, the investment agreement concerning HRlink concluded between Agora and natural persons being minority shareholders of HRlink and HRlink, has expired. Agora informed about the investment agreement in the regulatory filing No. 25/2019 of September 12, 2019.

The Transaction did not include the company Goldenline sp. z o.o. – a company in which HRlink held 100% of share capital. Goldenline sp. z o.o. remains in Agora capital group.

Agora reported on the investment in HRlink in regulatory filing No. 23/2019 of August 29, 2019 and 25/2019 of September 12, 2019. Completion of the Transaction means the end of investment in HRlink by Agora.

The sale price is not material for Agora capital group. Final settlement of sale of the subsidiary shall be reported in the consolidated financial report for Q1 2024.

 

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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