Current Report No. 4/2019 — 06.05.2019 11:40
Purchase of Phoenix Systems shares by the Issuer from a subsidiaryThe Management Board of Atende S.A. (′Atende′, the ′Issuer′) hereby reports that on May 6th, 2019, Atende purchased 51% of shares in Phoenix Systems Sp. z o.o. (′Phoenix Systems′) from Atende Software Sp. z o.o. (Atende Software′), in which the Issuer holds 100% of the share capital and votes at the shareholders’ meeting, for PLN 1,986 thousand, i.e. the amount equal to the value of Phoenix Systems shares recognised in Atende Software’s accounting books. The transaction is neutral for the Issuer’s individual and consolidated results. The purpose of the transaction is to set up the structure of the Atende Capital Group. Additionally, a review of strategic options for Phoenix Systems will be conducted with the aim to accelerate the development of Phoenix Systems.