Legal attitude: Art. 17 para. 1 MAR - confidential information.
The Management Board of BALTICON SA ("Issuer") informs that on October 15, 2018, it became aware that on October 12, 2018, a new company in 100% subsidiary of Balticon S.A. was entered in the register of entrepreneurs of the National Court Register. i.e., Depot Service sp. o.o. with headquarters in Gdańsk (KRS no. 0000752650).
The share capital of the above-mentioned company has been set at PLN 5,000.00 and is divided into 100 equal and indivisible shares with a nominal value of PLN 50.00 each.
The Issuer assumed the entirety, i.e. 100% of shares in the share capital and votes at the shareholders' meeting of the Company's shelves in exchange for a cash contribution.
Depot Service will deal with repairs and servicing of containers and reloading for a specific contractor of the Issuer.
The purpose of the company's formation by the Issuer is to provide better control and efficiency in the depot's operational activities and to diversify the risk associated with the activity carried out for a specific contractor (shipowner).
The Management Board of the Issuer has decided to publish this information due to its likely significant positive impact on the economic, property and financial situation of the Company and on the Issuer's development prospects.
Establishment of the above the entity is in line with the Issuer's development strategy adopted by the Management Board and will contribute to the optimization of risks and costs related to the depot's operating activity.
Source: company website, investor relations, current and periodic reports.