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Summary of Agora Group's ESG activities in 2023

RESPONSIBLE BUSINESS, AGORA, NAJNOWSZA AKTUALNOść (TOOLBAR)

Summary of Agora Group's ESG activities in 2023

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

AGO 0%
mWIG40 0%
WIG-MEDIA 0%

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

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August 29, 2019 / 09:04

23/2019 Offer to purchase a majority stake in Online Technologies HR Sp. z o.o.

Regulatory filing

The Management Board of Agora S.A. with its registered office in Warsaw („Agora”, the "Company") informs that on 29 August, 2019, the Company received an offer to conclude an investment agreement regulating the rules for the acquisition of existing and taking up new shares in the associated company Online Technologies HR Sp. z o.o. ("Online Technologies"), developing cutting-edge application HRLink.pl.

 The offer anticipates the acquisition of 32 shares in Online Technologies' share capital from existing shareholders and taking up 15 newly created shares in the company's increased share capital. The potential total amount of Agora's investment in Online Technologies based on the submitted offer is about PLN 7.7 million.

 If an investment agreement were concluded on the terms set out in the offer, Agora's share in Online Technologies would increase to 79.8%, thus Agora would become the majority shareholder of this company. Agora became a shareholder of Online Technologies in 2012. Presently, Agora holds 48 shares, representing a total of 46.15% of the share capital of Online Technologies.

 Online Technologies HR Sp. z o.o. is one of the most dynamically developing technology company in CEE. In 2018, the company made its debut in 26th place in the prestigious ranking Deloitte 'Technology Fast 50 Central Europe'. The company offers an advanced HRLink.pl tool available in the subscription model, other IT services related to the recruitment process (e.g. services in the field of creating bookmarks or career-related websites) and brokerage of recruitment websites and media. Online Technologies revenues in 2018 amounted to PLN 5.5 million, and the net result of PLN 104 thou.

The company will inform in a separate regulatory filing about the acceptance or rejection of the offer.

Legal basis: Art. 17 sec. 1 and par. 4 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (regulation on market abuse) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directive 2003/124 / WE, 2003/125 / EC and 2004/72 / EC.

 

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