ESPI Report 34/2019: The decision against CUBE.ITG SA in restructuring concerning denying the enforceability of an enforcement title

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