VERTE SA IN RESTRUCTURING (5/2018) Change of the date of publication of the interim report for the financial year 2017

The Management Board of Verte SA in restructuring with its registered office in Warsaw (the "Company"), in reference to current report No. 1/2018 dated January 4, 2018, regarding the dates of publishing the periodic reports by the Company in 2018, informs about the change in the date of publication of the report periodic for the fiscal year 2017 from 30 May 2018 to 28 September 2018.
Until this information has been prepared, the Company has not received a decision on the validation of the arrangement.
Due to the blocking of bank accounts, in the third quarter of 2017, the Management Board was forced to limit its current operations, which was also continued in the first quarter of 2018. Due to the unjustified decision of the judge of the commissioner, the Company still has blocked accounts which resulted in the first quarter of 2018 limiting the ability to generate operating activity as well as the implementation of the company's financial audit. Limited opportunities to carry out current tasks reflected negatively on the possibility of generating revenues. This situation made it impossible to conduct an audit which could provide additional revenue. At the same time, the Management Board of the Company informs about the Company's violation of the Alternative System Regulations in the scope of failure to observe §6 point 11) of Appendix No. 3 to the Alternative Trading System Regulations, i.e. failure to submit an annual report no later than five months from the balance sheet date.
Legal basis:
- § 6 para. 14.2. Appendix No. 3 to the Alternative Trading System Rules "Current and periodic information disclosed in the alternative trading system on the NewConnect market",
- item 16a of Annex No. 1 to Resolution No. 795/2008 of the Management Board of the Warsaw Stock Exchange SA of October 31 2008 "Good practices of companies listed on NewConnect" (amended by Resolution No. 293/2010 of the Management Board of the Warsaw Stock Exchange dated March 31, 2010 regarding the change of the document "Good Practices of Companies Listed on NewConnect").

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

Company information
Company name:Verte SA
Adress: ul. Prosta 32 00-838 Warszawa
Phone:+48 22 1234234

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