Recognition of payment for esky.pl S.A. shares in the Issuer's financial statements
Current Report No. 3/2022 dated 3 February 2022
Recognition of payment for eSky.pl S.A. shares in the Issuer's financial statements
Legal basis: Article 17 sec. 1 of MAR.
The Management Board of Wirtualna Polska Holding S.A. ("the Company" or "WPH") in connection with the payment on February 2, 2022 to the bank account of Wirtualna Polska Media S.A. – a subsidiary of WPH the amount of PLN 24.4 million as the price for 625,000 shares of eSky.pl S.A. belonging to WPM, which took place in accordance to the agreement concluded by WPM on December 22, 2021, about which the Company informed in the current report No. 33/2021 of December 22, 2021, hereby informs about the method of recognizing the event in the Company's books.
The net book value of the above receivable presented in the consolidated financial statements as at September 30, 2021 amounted to PLN 7.4 million (PLN 17.2 million as per appraiser's valuation less a write-off of PLN 9.8 million made in accordance with the principle of prudent valuation). Due to the post balance sheet settlement of the receivable and the receipt of payment of PLN 24.4 million, the Company will recognize PLN 9.8 million of financial income in 2021 and PLN 7.2 million of financial income, i.e. a surplus of the payment received over the value of receivable as per appraiser's valuation, in the 1st quarter of 2022.
Legal basis: Article 17 para. 1 Regulation of the European Parliament and of the Council No. 596/2014 of 16 April 2014 on 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
Signatures of the individuals representing the Company:
Jacek Świderski – President of the Management Board/Chief Executive Officer
Elżbieta Bujniewicz-Belka – Member of the Management Board/CFO