The Board of IndygoTech Minerals S.A. ("Issuer", "Company") submits the correction of report No. 13/2018 dated May 2, 2018, consisting in rectifying an obvious typing error in the designation of the court that issued the order for payment:
was: Sąd Okręgowy w Lublinie
should be: District Court in Warsaw.
Contents of the report after correction
"The Management Board of IndygoTech Minerals SA (" Issuer "," Company ") informs that pursuant to Article 17 paragraph 4 of Regulation No. 596/2014 of the European Parliament and of the Council of 16 April Concerning market abuse (Market Abuse Regulation) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directives 2003/124 / EC, 2003/125 / EC and 2004/72 / EC (' MAR Regulation ") The Company has delayed the disclosure of the following confidential information:
" 1. Contents of the confidential information whose disclosure has been delayed
The Board of IndygoTech Minerals S.A. ("Issuer", "Company"), acting pursuant to art. 17 sec. 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission directive 2003/124 / EC, 2003/125 / EC and 2004/72 / EC ("MAR Regulation"), hereby informs that it received on January 4, 2018 the order for payment from the bill of exchange, issued by the District Court in Warsaw, filed by PZU SA for payment of PLN 10 million with interest jointly and severally through Industry Technologies S.A., ELECTROCERAMICS S.A. and IndygoTech Minerals S.A.
The claim concerns the payment by PZU S.A. a guarantee of proper performance of the contract for co-financing concluded between Industry Technologies S.A. and the Polish Agency for Enterprise Development in Warsaw ("PARP"), the implementation of which was secured by a mortgage on the property Industry Technologies S.A. and a blank promissory note, for which the companies jointly and severally vouched: ELECTROCERAMICS S.A. and IndygoTech Minerals S.A. According to information provided by Industry Technologies S.A. the contract for co-financing was not terminated by PARP, as well as no administrative decision was issued on the return under the Public Finance Act, and the company applied to establish the non-existence of PARP's right to demand reimbursement and the right to guarantee. In this case, the settlement has not yet been resolved.
The Issuer disputes the claimPZU S.A., resulting from the implementation of the guarantee for PARP, considering them unfounded. In view of the above, the Issuer intends to lodge charges against the above order for payment.
2. Reasons for delaying the forwarding of confidential information
In the Company's opinion, immediate disclosure of the information would have a negative impact on the outcome of the proceedings against PZU SA. and could make it difficult or even impossible to effectively bring charges against the order. Delayed delivery of confidential information meets the conditions set out in the MAR Regulation and issued on the basis of art. 17 sec. 11 of MAR Regulation of the European Securities and Markets Authority regarding the regulation on market abuse of October 20, 2016 due to the fact that prompt disclosure could undermine the legitimate interests of the Company through the abovementioned a negative impact on the defense of the Issuer's interests through effective filing of charges and cause incorrect assessment of this information and its potential impact on the value of the Company by the public.
There are no conditions to consider that a delay in the disclosure of a given confidential information may mislead the public, due to the lack of a significant difference to previous public announcements of the Issuer's Capital Group in this matter and the presentation of sureties in the financial statements of the guarantors. Moreover, in the Company's opinion, it is thanks to the implemented measures that it is able to ensure the confidentiality of such information.
3. Deadline for disclosure of confidential information.
The Company will provide confidential information after successful charges have been filed by all defendants, which means that they will be paid, which should take place until the day on which the Issuer's financial statements for 2017 are published. The delay in disclosing confidential information was the delivery of the order for payment.
Pursuant to the content of art. 17 sec. The third paragraph of the MAR Regulation immediately after the publication of this report, the Company will inform the Polish Financial Supervision Authority about the delay of disclosure of confidential information together with an indication of the fulfillment of the reasons for such delay.
Source: company website, investor relations, current and periodic reports.