The IP-Rights contribution to Polsat Brands is intended to reorganize the TV Polsat group structure by segregating its core business of TV production and broadcasting from non-core business of intellectual property management.
The Agreement was considered significant as its value exceeds 10% of the consolidated revenues for the last four financial quarters.
Legal grounds: Article 56 Section 1 item 2 of the Offering Act in connection with § 5 sec. 1 item 3 of the Ordinance of the Minister of Finance of February 19, 2009 regarding current and periodic information to be submitted by issuers of securities, and the conditions for recognizing equivalence of information required under non-member states regulations.
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