ESPI Report 30/2018: Discontinuance of the arbitral proceeding regarding non-existence of obligation to pay additional monetary amount to CUBE.ITG S.A. related to the acquisition of the Integrated Part of an Enterprise.

The Management Board of Sescom S.A. (the Company, the Issuer) with reference to current reports: 1/2018, 2/2018 shall inform about receiving the information about delivery of the arbitral tribunal order (the Order) regarding discontinuance of the proceeding, initiated by the Issuer’s lawsuit, concerning non-existence of obligation to pay additional sum of PLN 1.265.426,40 to CUBE.ITG S.A. with its registered office in Wrocław (CUBE.ITG). The sum mentioned above concerns the settlement of 4th part of payment for Integrated Part of Enterprise of CUBE.ITG on the basis of initial purchase agreement between the Issuer and CUBE.ITG of 22nd February 2016 and final agreement of 27th April 2016 (the Claim). The Order was issued as a result of withdrawal of the lawsuit by the Issuer caused by organizational changes on the side of CUBE.ITG. The Company maintains the opinion that the Claim is unjustified and that it shall not be enforced through the courts.


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

Signatures of the Company’s representatives:

Sławomir Halbryt – President of the Management Board