Alma – delicatessen

Decision to prepare the Company's financial statements for the first half of 2017 assuming no continuation of the Company's activity

Report number: RB 66/2017   Report created: 2017-08-23  

Based on Article. 17 sec. 1 Regulation (EC) No 596/20014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market abuse Regulation) 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 (OJ L 173 of 12.06.2014, "MAR"), Alma Market SA (hereinafter referred to as "the Company") announces that it has decided to prepare the Company's financial statements for the first half of 2017, assuming no continuation of the Company's operations.
The Management Board has today adopted a decision on adopting the principles of commencing the preparation of the Company's financial statements, assuming no continuation of operations, beginning with the Company's financial statements for the first half of 2017, for, inter alia, the following events after the end of the reporting period:
1. order of the District Court in Cracow, 12th Commercial Division - Appeal on dismissal of the sanctioning procedure of 11 July 2017 and dismissal of the complaint against the decision of the District Court for Kraków - Śródmieście in Krakow, VIII Commercial Division for Bankruptcy and Restructuring Issues issued on 10 February 2017 the cancellation of the sanctioning proceedings of the Company,
2. submission by the Management Board of Alma Market S.A. On 17 July 2017 an application for the approval of the sale of the organized part of the debtor company Alma Market Spółka Akcyjna with its registered seat in Krakow, to IMMOMOK of a limited liability company in Warsaw, for a total net amount of 94,000,000.00 (ninety four million) which occurred in addition to the simplified application dated 14.02.2017 for the bankruptcy of the Company covering the liquidation of the Company's assets submitted to the District Court for Kraków-Śródmieście in Kraków, VIII Commercial Division for bankruptcy and restructuring.

In connection with the decision on accepting the principles of commencing the preparation of the Company's financial statements, assuming no continuation of operations starting from the Company's financial statements for the first half of 2017 due to events following the end of the reporting period, changes in the Company's accounting principles will affect the unit and the consolidated results and equity of the Company for the first half of 2017 and consequently the results for 2017.