Legal attitude: Art. 17 par. 1 MAR - confidential information.
The Management Board of MBF Group S.A. with its registered office in Warsaw ("Company", "Issuer") announces that on On February 13, 2019, he received from the related company Luxury Trade Sp. z o.o. with headquarters in Legnica, information about the positive consideration of the Grant application. The message was given in connection with the application for funding under the Project Grants for consultancy services for SMEs from the Legnica-Głogów area co-financed by the European Regional Development Fund under the Regional Operational Program for the Lower Silesian Voivodship for 2014-2020.
The project is being implemented by the Regional Development Agency "ARLEG" S.A. with headquarters in Legnica and by the company Luxury Trade Sp. z o.o. in accordance with the submitted Grant application. The application received a positive formal evaluation, and the substantive criteria included therein (on the published ranking list) were rated the highest and qualify him for implementation. The project will be conducted jointly with the selected Business Environment Institution, and will concern support in the development of Luxury Trade Sp. z o.o. by developing a comprehensive development strategy with a time perspective up to and including 2020. In addition, an analysis of the development of cooperation with existing contractors (ICT), including current cooperation with the Issuer, analysis of the use of new platforms for commodity trading (B2B, B2C) and analysis of the prediction of raw material prices (coal, aluminum, steel and others) will be made. The long-term effect of the service will be the development of the prestige and recognisability of Luxury Trade and the increase of its sales revenues and profits.
Luxury Trade Sp. z o.o. based in Legnica, belongs to the MBF Group. In 2017, the company started to provide services in the field of trade and intermediation in the sale of natural resources between suppliers and customers. The company acts as a business and transaction broker and provides assistance in the determination of raw material prices for the end customer. The Issuer holds a total of 800 shares, which constitute 33.33% of shares in the share capital and entitle to 33.33% of votes at the shareholders' meeting of Luxury Trade.
The Issuer's Management Board decided to publish the above information due to the fact that it may potentially have an impact on the valuationfinancial instruments of the Issuer listed in the alternative trading system.
Source: company website, investor relations, current and periodic reports.