Current Report No. 33/2017 dated 31/08/2017
The Management Board of Asseco Business Solutions Spółka Akcyjna, having its registered office in Lublin (“Asseco BS”) informs that on 31 August 2017 it decided to commence preparations to the process of merger of Asseco BS (“the Acquiring Company”) with its subsidiary Macrologic S.A. (“Macrologic” or the “Target Company”), having its registered office in Warsaw at ul. Kłopotowskiego 22, 03-717 Warszawa, KRS no. 0000045462, in which Asseco BS holds directly approx. 91,56% shares in the share capital. Macrologic S.A., as the subsidiary of Asseco BS, holds 159,436 own shares, representing approx. 8.44% of the share capital. In total, Asseco BS together with its subsidiary, Macrologic S.A., holds a total of 1,888,719 shares of the issuer, representing a 100% stake in the share capital of Macrologic S.A.
The merger of the Companies shall take place:
The Management Boards of both Companies shall agree on the Merger Plan. The signature of the Merger Plan shall be communicated by Asseco BS in a separate report.
The merger is justified by strategic considerations. The purpose of the merger is to streamline the operation of entities within the Asseco Business Solutions Group as well as taking advantage of the emerging synergies and furthering the development of the Group’s IT competence, specifically in the enterprise sector (ERP). The merger should foster a more effective organization and management while pooling the existing potential of both companies.
Legal basis: Pursuant to Article 17(1) of the Market Abuse Regulation (MAR).