01jul2016
Current Report 21/2016
Only the Polish version of this document is legally binding.This translation is provided for information only.
Every effort has been made to ensure the accuracy of this publication.
The Management Board of INPRO S.A. with its registered office in Gdańsk (the "Company") informs that on the basis of notarised deed, . Register A No. 5802/2016 of 1 July 2016, the Company subscribed for 4,000 shares of the nominal value of PLN 50.00 each, of the total value of PLN 200,000.00, in the newly created limited liability company, SML Sp. z o.o. INPRO S.A. undertook to cover the whole of the shares by cash. INPRO S.A. is the sole shareholder in the above company and is entitled to all the shares in the share capital.
The object of the new company in the INPRO S.A. Group will be the "turn-key" finish of flats at selected property development projects. As assumed by the Company, the estimated annual turnover of SML Sp. z o.o will not exceed 2% of the annual revenue of the INPRO S.A. Group (the Group's annual revenues calculated on the basis of annual results for 2012 – 2015).
Detailed legal grounds: Article 56 par. 1 item 1 of the Act of 29 July 2005 on public offering, conditions governing the introduction of financial instruments into the organised trading system, and on public companies (the consolidated text: Dz.U. [Journal of Laws] of 2013, item 1382)
