The Management Board of Sescom S.A. (“the Company”, “the Issuer”) informs that on December 10, 2019 the Company was informed that the Regional Court in Wrocław, 10th Commercial Division, had issued on November 29, 2019 a decision in absentia (“the Decision”) to cancel, upon the Issuer’s request, the enforceability of an enforcement title (“the Enforcement Title”), in the form of a representation of the Issuer to submit to enforcement, drafted as a notarial deed of April 27, 2016, by which the Issuer submitted to enforcement of claims that may arise in connection with the settlement of a fourth part of the purchase price, for which the Issuer purchased the organized part of the enterprise of CUBE.ITG (“the Transaction”). The information about initiating the legal procedure was provided by the Issuer in the current report 15/2019. Both the information concerning determination and settlement of the final price of the Transaction and legal actions taken during the dispute between the Company and CUBE.ITG were the subjects of current reports: No 4/2017, No 5/2017, No 12/2017, No 1/2018, No 2/2018, No 28/2018, No 30/2018, No 14/2019, No 15/2019, No 16/2019, No 17/2019, No 18/2018. The Decision is not a final judgement.

Legal Basis: Article 17(1) MAR – confidential information

Signatures of the Company’s representatives:

Sławomir Halbryt – President of the Management Board


The Management Board of Sescom S.A. (“the Company”, “the Issuer”) shall announce that on 8 November 2019 it received a notification and a corrected notification from Adam Kabat, Member of the Management Board of Sescom S.A.

The notification is attached to this current report.

The notification of the Member of the Board

The corrected notification of the Member of the Board

Legal Basis: Article 19(3) MAR Information on transactions made by persons discharging managerial responsibilities and persons closely associated with them

Signatures of the Company’s representatives:

Sławomir Halbryt – President of the Management Board


The Management Board of Sescom S.A. (“the Company”, “the Issuer”) informs that on November 8, 2019 the Company received from Mr. Sławomir Halbryt (“the Notifier”) the notification concerning a change in the shareholder’s share in total number of votes at the Company’s General Shareholders Meeting.

The Notifier informs that, as a result of the transaction conducted outside a regulated market, he indirectly acquired 50.000 shares of the Issuer which amounts 1,75% of the total number of votes at the Company’s General Shareholders Meeting.

The notification is attached to this current report.

The notification of a shareholder

Legal Basis: Art. 70.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies, dated July 29th 2005

Signatures of the Company’s representatives:

Sławomir Halbryt – President of the Management Board


In connection with the ESPI current report No. 27/2019 of October 17, 2019 and No. 30/2019 of November 5, 2019, the Management Board of Sescom S.A. (“the Company”, “the Issuer”) informs that on 8 November 2019 the Issuer acquired 50,000 common and bearer own shares of nominal value of PLN 1 each. Purchased shares represent 2,38% of the share capital of the Company and amounts to 1,75% of the total number of votes.

The acquisition price of one share was PLN 26,80 for each share, PLN 1.340.000 for all acquired 50.000 shares. The acquisition was conducted outside a regulated market (“over the counter”), within the buy-back arranged by the invitation from 17 October 2019 for current shareholders to submit bids to sell own shares of Sescom. Dom Maklerski BOŚ S.A. acted as an intermediary during the buy-back.

The shares were acquired for investment purposes including further resale.

Before the abovementioned transaction the Issuer had any of Company’s shares.

Legal Basis: Article 17(1) MAR – confidential information

Signatures of the Company’s representatives:

Sławomir Halbryt – President of the Management Board


In connection with the ESPI current report No. 27/2019 of October 17, 2019, the Management Board of Sescom S.A. (“the Company”, “the Issuer”) informs about receiving a report prepared by Dom Maklerski BOŚ S.A. concerning the number of shares covered by the sales offers within the own shares buy-back of Sescom. During the buy-back running from 18 to 31 October one offer was submitted with a total of 50,000 shares of the Issuer.

The subject of the Company’s buy-back is to acquire no more than 50,000 of own shares. The total number of shares covered by the sales offer did not exceed maximum volume of the buy-back, therefore a reduction of acquired shares will not occur.

The transaction will be concluded and settled on November 8, 2019.

 

Legal Basis: Article 17(1) MAR – confidential information

Signatures of the Company’s representatives:

Sławomir Halbryt – President of the Management Board


The Management Board of Sescom S.A. (the Company, the Issuer) shall announce the publication dates of periodic reports in the financial year 2019/2020 in compliance with Art. 80.1 of the Regulation of the Minister of Finance of 29 March 2018 on current and periodical disclosure of information by issuers of securities (the Regulation).

  1. Non-consolidated and consolidated annual report for 2018/2019 will be published on 31 January 2020.
  2. Consolidated quarterly report for Q1 2019/2020 will be published on 2 March 2020.
  3. Consolidated semi-annual report for 2019/2020 will be published on 29 June 2020.
  4. Consolidated quarterly report for Q3 2019/2020 will be published on 31 August 2020.

The Issuer also announces that consolidated quarterly reports will contain required data in compliance with Art. 62.1 and 62.2 of the Regulation. The Company will therefore not publish separate non-consolidated quarterly reports for Q1 and Q3 of the financial year 2019/2020.

The Company also decide that the consolidated semi-annual report will contain required data in compliance with Art. 62.3 of the Regulation. The Company will therefore not publish separate non-consolidated semi-annual report for H1 of the financial year 2019/2020.

In compliance with Art. 79.2 of the Regulation, the Issuer will not publish quarterly reports for Q2 and Q4 of the financial year 2019/2020.

 

Legal Basis: Article 56.1.2 of the Polish Public Offering Act – current and periodical disclosures

Signatures of the Company’s representatives:

Sławomir Halbryt – President of the Management Board


In connection with the ESPI current report No. 19/2019 of June 19, 2019, the Management Board of Sescom S.A. (“the Company”, “the Issuer”) informs about receiving a decision of AVIVA Towarzystwo Ubezpieczeń Ogólnych S.A. (“the Insurer”) concerning an allocation of an indisputable amount of PLN 37.828 of compensation to the Company for loss generated by a fire which broke out on 16 June 2019 in the storage building rented by the Issuer’s unit in Wrocław.

The Insurer informed the Company that they did not provide the complete set of documents during the damage estimation proceedings. Total compensation value will be reviewed when the Issuer provides the complete documentation. The Company will urgently provide the documentation which proves costs of restoration and the value of damages caused by the fire in order to extend the amount of compensation. According to Issuer’s estimates, total value of damages amounts to PLN 327.373,40.

Legal Basis: Article 17(1) MAR – confidential information

Signatures of the Company’s representatives:

Sławomir Halbryt – President of the Management Board


In connection with the ESPI current report No. 26/2019 of October 17, 2019, the Management Board of Sescom S.A. (“the Company”, “the Issuer”) announces the content of an offer to purchase own shares of Sescom (“the Offer”).

The Offer will be conducted under following conditions:

– the subject of the offer is to acquire no more than 50,000 (say: fifty thousand) shares,

– Dom Maklerski BOŚ S.A. was appointed as an intermediary during the Offer,

– the acquisition price of one share will be PLN 26,80 (say: twenty-six 80/100),

– the receipt of completed forms of the bids will start on October 18, 2019 and will close on October 31, 2019,

– the transactions will be concluded and settled on November 8, 2019.

The Offer is included in this current report

The Offer

Legal Basis: Article 17(1) MAR – confidential information

Signatures of the Company’s representatives:

Sławomir Halbryt – President of the Management Board


The Management Board of Sescom S.A. (“the Company”, “the Issuer”) informs that on 17 October 2019 the Issuer adopted the resolution on the acquisition of own shares (“Share buy-back”), exercising the right arising from the content of Resolution No. 3 of 9 September 2019 of the Extraordinary General Shareholders Meeting of Sescom.

The Management Board adopted following conditions of the Share buy-back:

– it is allowed to purchase the fully paid, dematerialized shares, which are traded on the regulated market operated by the Warsaw Stock Exchange,

– the Issuer intends to acquire not more than 50,000 (say: fifty thousand) shares,

– the acquisition price of one share will be PLN 26,80 (say: twenty-six 80/100),

– to acquire the mentioned shares, the sum of PLN 1,500,000 (say: one million five hundred thousand) is allotted, including acquisition cost of the shares,

– the acquisition will take place by addressing to the shareholders an invitation to submit bids to sell shares (“Invitation”),

– the shares will be acquired for investment purposes including further resale,

– the Management Board of Sescom will announce in separate current report the content of the Invitation to shareholders, which will include conditions and terms of submission of bids as well as rules of transaction settlements.

Legal Basis: Article 17(1) MAR – confidential information

Signatures of the Company’s representatives:

Sławomir Halbryt – President of the Management Board


The Management Board of Sescom S.A. (“the Company”, “the Issuer”) informs that on 11 October 2019 the Issuer concluded an agreement with SHELL Polska Sp. z o.o. (“Shell”, “the Client”) concerning installation of SES Control equipment to measure electric energy consumption and provision of energy monitoring services in order to optimize consumption of energy in 356 Shell petrol stations.

The agreement has been concluded for a period of three years up to 31 August 2022.

The Issuer’s remuneration will consist of following factors:

  • the payment for the installation of SES Control devices,
  • the payment for energy management consulting services,
  • bonus depending on achieved energy savings during particular periods.

According to the estimates of the Company, total value of the contract will reach about PLN 2,1 mln.

The Issuer classified the information about the agreement as a significant information due to growth potential of Sescom Energy business line resulting from the cooperation with the Client.

Legal Basis: Article 17(1) MAR – confidential information

Signatures of the Company’s representatives:

Sławomir Halbryt – President of the Management Board