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Related party transaction

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Related party transaction

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AGO

Kurs akcji [PLN]

12,75 zł

Zmiana[PLN]

1,19%

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Company data

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

AGO 1,19%
mWIG40 -0,26%
WIG-MEDIA 0,04%

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

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January 8, 2020 / 16:08

Related party transaction

Business Entity

Foodio Concepts sp. z o.o.

Interrelationship

The transaction concerns transactions between Helios S.A. ("Helios") and Foodio Concepts sp.z o.o. ("Foodio Concepts"), i.e. transactions between related entity of Agora S.A. ("Agora") and the subsidiary of the related entity.

Helios is Agora's related entity, in which Agora holds 91.44% of share capital. Foodio Concepts is a subsidiary of Helios, in which Helios holds 90.00% of the share capital.

Foodio Concepts is a company operating in food business, in the field of fast casual dining. The company created two own brands: "Papa Diego" and "Van Dog". Helios has been involved in the development of Foodio Concepts since the beginning of the company's operations.

Date of transaction

December 20, 2019

Transaction value

PLN 300.000,00 (three hundred thousand polish zloty)

Information

The transaction is justified by the interest of Helios shareholders, manifested in the implementation of a long-term development policy of food business, conducted by Foodio Concepts. The subject of the transaction is a loan with an interest rate of 1M WIBOR + 2.6%, whose terms correspond to the financial situation of Foodio Concepts and properly safeguard the legitimate interests of the parties. The loan was granted until December 31, 2020. The transaction supports the operational activities of Foodio Concepts, enabling the opening of new eateries and the development of existing ones. The active involvement of Helios (shareholder of Foodio Concepts) is justified by the expected long-term return on investment, as well as current capital gains resulting from the market interest rate on the loan.

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