Board of Summa Linguae S.A. with its registered office in Kraków (the "Company"), due to the end of subscription for K series ordinary bearer shares issued on the basis of Resolution No. 18 of the Ordinary General Meeting of the Company of June 28, 2018 regarding the increase of the Company's share capital through the issue of ordinary bearer shares K series, with the exclusion of the pre-emptive rights of the existing shareholders in full and regarding the amendment of the Articles of Association, publishes the following information:
1. The starting and ending date of the subscription
The subscription commenced on 12/10/2018. The subscription ended on 23/11/2018.
2. Date of allocation of financial instruments
Due to the fact that series K shares were subscribed for as part of a private subscription, no share allocation within the meaning of art. 439 KSH.
3. Number of financial instruments covered by the subscription
The subscription covered 920,034 (nine hundred twenty thousand thirty four) K series shares.
4. Reduction rates in particular tranches in the event that even in one tranche the number allocated financial instruments were smaller than the number of financial instruments for which subscriptions were made
5. Number of financial instruments that were allocated as part of the subscription
Due to the fact that series K shares were subscribed for under private subscription, no shares were allocated within the meaning of art. 439 KSH. As part of a private subscription, 920,034 (nine hundred and twenty thousand thirty-four) shares of the K series were taken up.
6. The price at which the financial instruments were taken up
The series K shares were acquired at the issue price of PLN 0.10 (ten groszy) ) each.
6a) Information on the method of payment of the securities covered
The series K shares were covered by a cash contribution of PLN 92,003.40 (ninety-two thousand three zlotys 40/100) paid into the Company's bank account .
7. Number of persons who subscribed for financial instruments covered by the subscription
The series K shares were offered by the Management Board of the Company in a private subscription to two natural persons. 8. Number of persons to whom financial instruments were allocated under the subscription
The share subscription agreement for K series shares was concluded with twonatural persons. 9. Names (companies) of underwriters who took financial instruments as part of performing underwriting agreements, specifying the number of financial instruments they have taken, along with the actual price of the unit of the financial instrument (issue or sale price, after deduction of remuneration for the acquisition unit of a financial instrument, in the performance of a sub-issue agreement purchased by the underwriter)
10. Total amount of costs that were included in the issue costs, with an indication of the amount of costs according to their title
The total costs of issuing series K shares amounted to PLN 38 812,14, including costs:
a) preparing and conducting the offer - PLN 19,255.14,
b) underwriters' fees - PLN 0.00,
c) preparation of an information document, including consultancy costs - PLN 19 557.00,
d) offer promotion - 0.00 PLN.
A method of settling costs in accounting books and how they are recognized in the Company's financial statements: costs related to the issue of series K shares will reduce the supplementary capital.
Legal basis: § 4 para. 1 of Appendix No. 3 to the Alternative Trading System Rules "Current and periodic information disclosed in the alternative trading system on the NewConnect market"
Source: company website, investor relations, current and periodic reports.