DEVORAN SA (17/2017) Suspension of shares quotation.

Legal attitude: Art. 17 para. 1 MAR - confidential information. The board of Devoran S.A. with its registered office in Warsaw (hereinafter: the "Company") informs that on September 21, 2017 the Resolution No. 1088/2017 of the Management Board of the Warsaw Stock Exchange SA was adopted. of the day on the suspension of trading in shares of the company DEVORAN S.A. on the NewConnect market According to its content in connection with the request submitted by the Polish Financial Supervision Authority pursuant to art. 78 paragraph 3 in conjunction from art. 16 sec. 3 of the Act on Trading in Financial Instruments of 29 July 2005, the Exchange Management decided to suspend trading in the alternative trading system on the NewConnect market with shares of the company DEVORAN S.A., marked with the code "PLVGUAR00011". The above risk is included in the information document Devoran S.A. for series M shares. In order to clarify the possible lack of influence of notifications to the Company from entities that acquired shares in Devoran SA, the Management Board contacted a former shareholder, Carom Sp. z o.o., and received information that the majority of entities purchasing shares from Carom Sp. z o.o. did not acquire a block of shares representing more than 5% of votes at the general meeting. Only one entity purchased shares twice but from the information provided it appears that this entity did not breach information obligations because on the day of purchasing the shares in a quantity that could result in exceeding the threshold of 5% of votes at the general meeting, they sold at the same time the information obligation of that entity it was not created. Acquisition and sale of shares on the same day was a technical activity caused by independent factors related to the transfer of shares between entities and accounts in two different brokerage offices. Information about the sale of shares by Carom Sp. z o.o. The Issuer informed in current reports ESPI No. 12/2017 and 13/2017 dated September 15, 2017. The Issuer will provide all necessary information that is held by the Alternative Trading System Organizer - Stock Exchange in Warsaw S.A. and the Polish Financial Supervision Authority if these entities ask questions in order to restore Devoran S.A. shares as soon as possible

Source: company website, investor relations, current and periodic reports.

Company information
Company name:Devoran SA
Adress: Pl. Bankowy 2 00-095 Warszawa
Phone:+48 22 5480145

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