Current Report No. 35/2016 Date: 18.08.2016 r.

Topic: Changing the agreement for the transfer of an organized part of the company to the subsidiary.

Legal basis: Art. 17 sec 1 of the MAR

Contents of the report:

The Management Board ZETKAMA SA based in Ścinawka Średnia ("Issuer") announces that on 18 August 2016 Issuer and its wholly-owned subsidiary - ZETKAMA SA based in Ścinawka Średnia ("Buyer") made changes to the contract transfer of an organized part of the enterprise concluded on July 1, 2016 ("Agreement"), of which the Issuer informed in current report No. 29/2016 dated July 1, 2016.

Amendment to the Agreement stems from the fact that the band tangible and intangible assets forming an organized part of the enterprise, forming the subject of a contribution in kind to the share capital of the Purchaser, due to the nature of the business, which for reasons of economy and technology could not be stopped, after the settlement of the month of June and identifying its actual status and the change in comparison to the estimated value as of July 1, 2016.

The value of the organized part of the enterprise was determined using the balance sheet in the amount of 83,586,383.67, in place estimated at 1 July 2016 value of 83,930,398.40 zł, eg. an amount lower by 344,014.73 zł. The list of tangible and intangible assets forming an organized part of the enterprise min. in terms of expenditure on investments in progress and development, receivables and liabilities arising from the supply of goods and services and inventory has changed.

As a result of these changes in the value of the share capital of the Purchaser has not changed. The excess of value of in-kind contribution imparted to the increased share capital of the Purchaser in relation to the total nominal value of the shares created on July 1, 2016 it is above the value of 59,995,000.00 zł, was transferred to the supplementary capital of the Purchaser.

Zetkama SA published this content on 18 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 August 2016 08:16:07 UTC.

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