Delko S.A. Management (hereinafter the & quot; Company & quot;) informs that on September 26, 2018, it delayed the disclosure of confidential information. The confidential information about the commencement of negotiations regarding the acquisition by Delko S.A was subject to delays in making the announcement public. shares in the company A & amp; K HURT-MARKET Sp. z o.o. based in Mielec. & Lt; br / & gt; The main reason for delaying the publication of confidential information was the protection of the legitimate interests of the Company, i.e. protection against the potentially negative impact of the disclosure of confidential information on the course of negotiations. & Lt; br / & gt; As a result of completed negotiations, on November 8, 2018, Delko S.A. with its registered office in Śrem, signed a preliminary conditional sale agreement of 51,751 (fifty one thousand seven hundred and fifty one) shares in A & amp; K HURT-MARKET Sp. z o.o. with its registered office in Mielec, with a total nominal value of PLN 2,587,550 (two million five hundred and eighty-seven thousand five hundred and fifty zlotys), representing 50% (fifty) of the share capital of the above-mentioned company for a purchase price of PLN 7,000,000 (seven million zlotys). & Lt; br / & gt; According to the signed Agreement Delko S.A. will conduct legal and financial audit in A & amp; K HURT-MARKET Sp. z o.o. & Lt; br / & gt; The Parties shall be obliged to adhere to the Promised Contract referred to in the text of the Preliminary Agreement, provided that all of the following Conditions are met: & lt; br / & gt; 1) One of the following events will occur: & lt; br / & gt; a) will be issued by the President of UOKiK, pursuant to art. 13 et seq. the Act on Competition and Consumer Protection, a decision expressing unconditional consent to the concentration of undertakings covered by the Agreement; or, & lt; br / & gt; b) the time limit within which the decision of the President of UOKiK regarding the consent for concentration of undertakings should be issued, determined in accordance with Art. 96 of the Act on competition and consumer protection; or & lt; br / & gt; c) a provision shall become effective, by virtue of which the President of UOKiK will discontinue proceedings regarding consent to concentration, due to the President of UOKiK accepting that this concentration is not subject to the obligation to obtain the consent of the President of UOKiK; or & lt; br / & gt; d) all conditions reserved in the decision of the President of UOKiK regarding the consent for the concentration of entrepreneurs covered will be executedthis Agreement if the President of UOKiK granted conditional consent; & Lt; br / & gt; 2) the Party shall not receive any decision issued by any competent court or body of state or local government authority, limiting or prohibiting the sale of Shares, and no such order or ordinance is in force; & Lt; br / & gt; 3) until the conclusion of the Promised Agreement, no act of universally binding law or official interpretation or entry into force of any act shall prevent or deny the conduct of the principal business activity by the Company; & Lt; br / & gt; 4) the Buyer will receive certificates from relevant authorities confirming that the Company is not in arrears with paying taxes, fees and social and health insurance premiums; & Lt; br / & gt; 5) The Buyer will receive a document containing the legally effective consent of all the relevant bodies of the Company and other entities, to conclude the Promised Contract & lt; br / & gt; and establishing the securities specified in the Agreement; & Lt; br / & gt; 6) Any agreed security measures specified in the content of the Agreement shall be established; & Lt; br / & gt; 7) The buyer will receive documents confirming that the Company and its partners fulfill their obligations and procedures for effective regulation and pledging shares, in accordance with the articles of the company & lt; br / & gt; 8) The Seller shall provide all required documents, including legally effective consents, under which any sureties granted by the Company to the Seller, if such guarantees have been granted, are revoked or canceled. & Lt; br / & gt; At the same time, the parties stipulated in the Agreement the right to repurchase sold shares to the Seller within 9 months from the date of conclusion of the Promised Contract, on the terms specified in the Preliminary Agreement. & Lt; br / & gt; A & amp; K HURT-MARKET Sp. z o.o. operates in the area of retail trade in food and industrial products for over 20 years. The company has 7 supermarkets under the A & amp; K and SPAR brands located in Mielec. The shopping area of the stores is 3484 m2 & lt; br / & gt; The Company's turnover in the period from January 1 to June 30, 2018 amounted to over PLN 53,679 thousand. PLN 958 thousand net profit PLN, and EBITDA over 1,424 thousand. zł. & Lt; br / & gt; The company employs approximately 180 people. & Lt; br / & gt;
Source: company website, investor relations, current and periodic reports.