Source: http://carpathiacapital.eu/en/current-reports/
Timestamp: 2019-04-23 16:03:21+00:00

Document:
Carpathia Capital S.A. (hereinafter referred to as the “Company”) with its registered office in Poznań, registered in the National Court Register under the number 0000511985 and the NIP number identifying 7811897074, in accordance with the provisions of art. 125, par. (2) A.S.F. no. 5/2018, informs the investors and shareholders of the Company that the annual financial report for 2018 is publicly available. The report was sent to A.S.F and to BVB-AeRO.
The report is public and can be obtained on request at the headquarters of Carpathia Capital S.A. in Poznań at 16 Krasińskiego Street, on the website www.carpathiacapital.eu or at www.bvb.ro under the symbol CRPC. Additional information can be obtained by phone +48 61 851 86 77.
The Management Board of Carpathia Capital S.A (hereinafter referred to as the “Company”, “Issuer”) seated in Poznan hereby informs, that guided by vested interest of shareholders and financial situation of Company intends to recommend to the General Meeting of Shareholders payment of dividend amounting to 322 412,88 zł representing 0,08 gr per share for 2018.
4 030 161 shares will be covered by dividend. This is the total number of shares less Company own shares.
The Management Board indicates that final value of recommended dividend depends on financial results presented in annual audit report for 2018.
Concurrently, the Management Board informs that the final decision regarding the payment dividend will be made by the General Meeting of Shareholders.
The Management Board of Carpathia Capital S.A., hereby reports that on 19 March, 2019 the Company received from INC S.A.- a person closely associated with persons discharging managerial responsibilities, information on the basis of art. 19 section 1 of the Regulation of the European Parliament and the EU Council No. 596/2014 of 16 April 2014 on market abuse (MAR Regulation), on the transaction of acquisition of Company’s shares.
Company provides the attached information.
INC S.A. informed that the shares were acquired on March 18, 2019 during the closed period. However, the buy order for shares was placed at the Brokerage House before the beginning of the closed period.
Carpathia Capital S.A. (hereinafter referred to as the “Company”) hereby informs about adoption of calendar of financial communication in 2019.
The Company plans to conduct an Annual General Shareholders Meeting at the end of June 2019.
(20/12/2018) Current report no 29/2018 – The resolutions of the Extraordinary General Shareholders Meeting of December 20, 2018.
Carpathia Capital S.A. (hereinafter referred to as “the Company”) hereby reports the resolutions resumptions of the Ordinary General Meeting held on December 20, 2018 at 9.30 a.m. at the Company’s registered office in Poznań, Krasińskiego street 16, 60-830 Poznań.
More information in the current report.
(14/12/2018) Current report no 28/2018 – Acquisition of company shares by a person closely associated with persons discharging managerial responsibilities.
The Management Board of Carpathia Capital S.A., hereby reports that on 12 December, 2018 the Company received from INC S.A.- a person closely associated with persons discharging managerial responsibilities, information on the basis of art. 19 section 1 of the Regulation of the European Parliament and the EU Council No. 596/2014 of 16 April 2014 on market abuse (MAR Regulation), on the transaction of acquisition of Company’s shares.
(10/12/2018) Current report no 27/2018 – Acquisition of company shares by a person closely associated with persons discharging managerial responsibilities.
The Management Board of Carpathia Capital S.A., hereby reports that on 6 December, 2018 the Company received from INC S.A.- a person closely associated with persons discharging managerial responsibilities, information on the basis of art. 19 section 1 of the Regulation of the European Parliament and the EU Council No. 596/2014 of 16 April 2014 on market abuse (MAR Regulation), on the transaction of acquisition of Company’s shares.
(23/11/2018) Current report no 27/2018 – Announcement of the Management Board of Carpathia Capital Spółka Akcyjna of the convening of the Extraordinary General Meeting.
Carpathia Capital S.A. (hereinafter referred to as the “Company”) with its registered office in Poznań, registered in the National Court Register under the number 0000511985 and the NIP number identifying 7811897074, in accordance with the provisions of art. 125, par. (2) A.S.F. no. 5/2018, informs the investors and shareholders of the Company that the financial report for the third quarter of 2018 is publicly available. The report was sent to A.S.F and to BVB-AeRO.
Carpathia Capital S.A. (hereinafter referred to as the “Company”) informs shareholders that on November 7, 2018 received from the District Court in Poznań – Nowe Miasto and Wilda, VIII Commercial Division of the National Court Register, a decision regarding changes in the Company’s Register. The changes concern the registration of series E shares and the entry of Mr. Sebastian Huczek to the body authorized to represent the Company as the Vice President of the Management Board in the Register of Entrepreneurs.
The above changes have been communicated to shareholders in current reports 15/2018 and 12/2018.
Attached is a copy of the decision obtained from the National Court Register.
The Management Board of Carpathia Capital S.A., hereby reports that on 29 October, 2018 the Company received from INC S.A.- a person closely associated with persons discharging managerial responsibilities, information on the basis of art. 19 section 1 of the Regulation of the European Parliament and the EU Council No. 596/2014 of 16 April 2014 on market abuse (MAR Regulation), on the transaction of acquisition of Company’s shares.
(23/10/2018) Current report no 23/2018 – The payment of dividends for the financial year 2017 by Carpathia Capital S.A.
Carpathia Capital S.A. (the “Company”) informs its shareholders that, following the resolution of the ordinary general meeting of the shareholders dated 26 June 2018, it will pay the dividends for the financial year 2017 through Depozitarul Central S.A. and the payment agent Banca Transilvania S.A. starting with 8 November 2018 (payment date), to Carpathia Capital shareholders registered in the Shareholders’ Registry kept by Depozitarul Central S.A. on the registration date of 30 October 2018. Ex-date is 29 October 2018.
The value of the gross dividend is RON 0.09 per share. The dividend paid may be reduced by the appropriate tax, in accordance with the law.
The Management Board of Carpathia Capital S.A. with headquarter in Poznan (the “Company”), hereby informs about the appointment of two new members of the Supervisory Board in accordance with § 5 para. 1 of the Statutes of the Company by an authorized shareholder – INC S.A. with headquarter in Poznan.
Consequently, the Supervisory Board of Carpathii Capital S.A. will be completed with Mr. Puślecki Łukasz and Mr. Mrowicki Jacek. Detailed information about new members of Supervisory Board could be found below.
The Management Board of Carpathia Capital S.A., hereby reports that on August 31, 2018 the Company received from Paweł Śliwiński – President of Management Board, information on the basis of art. 19 section 1 of the Regulation of the European Parliament and the EU Council No. 596/2014 of 16 April 2014 on market abuse (MAR Regulation), on the transaction of disposal of Company’s subscription rights.
Carpathia Capital S.A. (hereinafter referred to as the “Company”) with its registered office in Poznań, registered in the National Court Register under the number 0000511985 and the NIP number identifying 7811897074, in accordance with the provisions of art. 125, par. (2) A.S.F. no. 5/2018, informs the investors and shareholders of the Company that the financial report for the first half of 2018 is publicly available. The report was sent to A.S.F and to BVB-AeRO.
The Management Board of Carpathia Capital S.A., hereby reports that on August 10, 2018 the Company received from INC S.A.- a person closely associated with persons discharging managerial responsibilities, information on the basis of art. 19 section 1 of the Regulation of the European Parliament and the EU Council No. 596/2014 of 16 April 2014 on market abuse (MAR Regulation), on the transaction of acquisition of Company’s shares.
Carpathia Capital S.A. (hereinafter referred to as the “Company”) hereby informs that today it has received a correction of the notification pursuant to art. 19.1 of the MAR Regulation on the transaction concluded on 23.07.2018 by Mr Paweł Śliwiński – the President of the Management Board, about which the Company informed in the current report No. 14/2018 of 23/07/2018.
The reason for the correction is incorrect indication of the series of shares being the subject of the transaction. The notification indicates series F shares, when the E series is the correct series.
The received notification is attached to this report.
The issue of series E shares was carried out in a private placement by submitting offers to subscribe for shares to investors. The Issuer has submitted by Brokerage House bids for series E shares to investors who are natural and legal persons.
The Issuer has concluded share subscription agreements with 4 natural persons and 1 legal person.
The Issuer did not conclude an agreement with underwriters.
d) promoting the offering: 0 PLN.
According to art. 36. Paragraph 2b. Accounting Act.
(23/07/2018) Current report no 14/2018 – Acquisition of company shares by a person closely associated with persons discharging managerial responsibilities.
The Management Board of Carpathia Capital S.A., hereby reports that on July 23, 2018 the Company received from Paweł Śliwiński – President of the management board of Carpathia Capital, information on the basis of art. 19 section 1 of the Regulation of the European Parliament and the EU Council No. 596/2014 of 16 April 2014 on market abuse (MAR Regulation), on the transaction of acquisition of Company’s shares.
(11/06/2018) Current report no 12/2018 – Changes in the composition of the Management Board of Carpathia Capital S.A.
Carpathia Capital S.A. hereby informs that on June 11, 2018 by the resolution of the Supervisory Board, Mr. Sebastian Huczek was appointed to the position of the Vice-President of the Management Board of Carpathia Capital S.A. as on July 1, 2018.
In connection with the appointment of Mr. Sebastian Huczek to the position of the Vice-President of the Management Board, the joint proxy shall expire on July 1, 2018.
(11/06/2018) Current report no 11/2018 – Acquisition of company shares by a person closely associated with persons discharging managerial responsibilities.
The Management Board of Carpathia Capital S.A., hereby reports that on June 8, 2018 the Company received from INC S.A.- a person closely associated with persons discharging managerial responsibilities, information on the basis of art. 19 section 1 of the Regulation of the European Parliament and the EU Council No. 596/2014 of 16 April 2014 on market abuse (MAR Regulation), on the transaction of acquisition of Company’s shares.
(14/05/2018) Current report no 10/2018 – Acquisition of company shares by a person closely associated with persons discharging managerial responsibilities.
The Management Board of Carpathia Capital S.A., hereby reports that on May 11, 2018 the Company received from INC S.A.- a person closely associated with persons discharging managerial responsibilities, information on the basis of art. 19 section 1 of the Regulation of the European Parliament and the EU Council No. 596/2014 of 16 April 2014 on market abuse (MAR Regulation), on the transaction of acquisition of Company’s shares.
The Management Board of Carpathia Capital S.A. with headquarter in Poznan, informs about granting joint proxy to Mr. Sebastian Huczek and Mr. Piotr Zygmanowski. Detailed information about new proxies can be found below.
Graduated from the Faculty of Law at University of Adam Mickiewicz. Since 2000, he has been working at INC S.A. where he works as a vice president. He was a lecturer at the College of Banking in Poznan and the University of Economics in Poznan on post-graduate studies in the field of local government finances and capital market. Lecturer at courses for candidates for members of Supervisory Boards of State Treasury companies. In 2005, he was appointed by the Prime Minister as a member of the Regional Adjudicating Committee in cases concerning violation of the public finance discipline at the Regional Accounting Chamber in Poznan.
He has Advisor Certificate in the Alternative Trading System.
c) Information about activities performer by the person outside the issuer where such a activities are significant for the Carpathia Capital S.A.
Within the last five years indicated person has not been prohibited by the court to act as a member of managing or supervisory bodies in commercial law companies and partnerships.
Within the last five years there have been no cases of bankruptcy, compulsory administration or liquidation for entities in which the person was a member of managing or supervisory bodies.
Indicated person does not perform activities competitive to the activities of the issuers.
Indicated person does not own shares in the Company.
The Management Board of Carpathia Capital S.A (hereinafter referred to as the “Company”, “Issuer”) seated in Poznan hereby informs, that guided by vested interest of shareholders and financial situation of Company intends to recommend to the General Meeting of Shareholders payment of dividend amounting to 335.714,49 zł representing 0,09 gr per share for 2017.
3.730.161 shares will be covered by dividend. This is the total number of shares less Company own shares.
The Management Board indicates that final value of recommended dividend depends on financial results presented in annual audit report for 2017.
The Management Board will inform about definitive decision in additional report.
As regards the contents of the report 6/2018 the Management Board of Carpathia Capital S.A seated in Poznan hereby encloses information about new member of Supervisory Board Mr. Piotr Orłowski.
a) position or functions at the issuer, and term of office expiry date The members of the supervisory board were appointed on common term of office, which lasts for five years. The mandates of the members of the supervisory board expire on the date of the general shareholders meeting which approves the financial report for year 2018.
b) description of qualifications and professional experience Graduated from the Faculty of Law and Administration at University of Adam Mickiewicz in Poznan. Scholar of the Stefan Batory Foundation at University of Oxford. Solicitor and partner in Orłowski Matwijcio Kancelaria Radców Prawnych Sp.p Sp.p.
c) information about activities performer by the person outside the issuer where such a activities are significant for the Carpathia Capital S.A. Indicated person does not perform activities outside the issuers which are significant for the Carpathia Capital S.A.
e) information about legally valid court decisions condemning the person for the crime of fraud within at least the last five years and indicating whether the person has been prohibited by the court to act as a m ember of managing or supervisory bodies in commercial law companies and partnerships within at least the last five year Within the last five years indicated person has not been prohibited by the court to act as a member of managing or supervisory bodies in commercial law companies and partnerships.
f) details of all cases of bankruptcy, compulsory administration or liquidation, within at least the last five years, for entities in which the person was a member of managing or supervisory bodies Piotr Orłowski had been a member of Supervisory Board in PBO Anioła S.A. in declared bankruptcy and liquidation after the company announced liquidation.
g) information whether the person performs activities competitive to the activities of the issuer or is a partner in a competitive civil partnership or commercial law company or partnership or a member of a body of a joint-stock company or a member of a body of any competitive legal person Indicated person does not perform activities competitive to the activities of the Carpathia Capital S.A..
h) percent of shares held in the Company Indicated person does not own shares in the Carpathia Capital S.A..
(01/02/2018) Current report no 6/2018 – Correction of the obvious mistake of writing in the current report 5/2018 in the date of appointed to the position of the President of the Management Board of Carpathia Capital S.A.
The Management Board of Carpathia Capital S.A seated in Poznan hereby informs, that the current report of 5/2018 25 January 2018 is incorrect. There was an obvious writer’s mistake in the date of appointed to the position of the President of the Management Board of Carpathia Capital S.A. by Mr. Paweł Śliwiński.
The obvious mistake of writing was in the date of appointed to the position of the President of the Management of Board of Carpathia Capital S.A. which indicated 26 January 2016 as the date of appointment. The correct date should be 26 January 2018.
Up to date content of report Carpathia Capital S.A. (hereinafter referred to as the “Company”) hereby informs that on January 25, 2018 Mr. Piotr Orłowski was appointed by the resolution of the Extraordinary General Meeting of Shareholders of the Company to the Supervisory Board. At the same time, on January 25, 2018, by the resolution of the Supervisory Board, Mr. Paweł Śliwiński was appointed to the position of the President of the Management Board of Carpathia Capital S.A. as on January 26, 2018.
(25/01/2018) Current report no 5/2018 – Changes in the composition of the Supervisory Board and the Management Board of Carpathia Capital S.A.
Carpathia Capital S.A. (hereinafter referred to as the “Company”) hereby informs that on January 25, 2018 Mr. Piotr Orłowski was appointed by the resolution of the Extraordinary General Meeting of Shareholders of the Company to the Supervisory Board.
At the same time, on January 25, 2018, by the resolution of the Supervisory Board, Mr. Paweł Śliwiński was appointed to the position of the President of the Management Board of Carpathia Capital S.A. as on January 26, 2016.
(24/01/2018) Current report no 3/2018 – Resignation of the President of the Supervisory Board of Carpathia Capital S.A.
Carpathia Capital S.A. (hereinafter referred to as the “Company”) hereby informs that today the Company received a notification of the resignation of Mr. Paweł Śliwiński from the position of the President of the Supervisory Board of Carpathia Capital S.A. as of January 24, 2018.
(23/01/2018) Current report no 2/2018 – Resignation of the President of the Management Board of Carpathia Capital S.A.
Carpathia Capital S.A. (hereinafter referred to as the “Company”) hereby informs that today the Company received a notification of the resignation of Mr. Piotr Białowąs from the position of the President of the Management Board of Carpathia Capital S.A. on the day of the Extraordinary Meeting of Shareholders of Carpathia Capital S.A. which is from January 25, 2018.
Carpathia Capital S.A. (hereinafter referred to as the “Company”) hereby informs about adoption of calendar of financial communication in 2018.
The Company plans to conduct an Annual General Shareholders Meeting on June 29, 2018.
The Management Board of Carpathia Capital S.A informs about decision on write-off resulting from permanent impairment of assets.
On December 19, 2017, the Management Board of the Company decided to write down an amount of PLN 106.720,55 resulting from permanent impairment of assets that refers to valuation of bonds of Moto44 S.A., of which the Company informed in current reports No. 1/2016, 2/2016 and 17/2016, which are components of the investment portfolio.
The impairment loss is related to non-repayment of liabilities of Moto44 S.A. resulting from the issue of bonds, inability to raise the share capital and filling an application for the declaration of bankruptcy of Moto44 S.A. by the Management Board of Carpathia Capital S.A. as of December 19,2017.
The revaluation write-down will be recognized in the Company’s financial statements for 2017 and will be charged to the Company’s financial result for 2017.
The Management Board of the company informs that it has decided to increase the share capital in the company by issuing up to 4,000,000 shares at a price not lower than the book value per share according to data for the third quarter of 2017.
The issue will be conducted with the exclusion of pre-emptive rights, in a public or non-public offer.
The new issue shares will ultimately be the subject of applying for trading on the alternative NewConnect trading system operated by the Warsaw Stock Exchange.
The purpose of obtaining funds will be to increase the possibility of making investments in new companies, operating in Poland or Romania. In particular, the Company’s objective is to use synergy effects with INC S.A., which in 2017 was appointed as an advisor to 24 companies whose shares are to be introduced to stock exchange trading.
The Management Board informs that today it adopted the principles of the dividend policy of the company Carpathia Capital S.A.
1. The Management Board will recommend an annual dividend payment from the company’s profit.
2. The amount of the dividend will be set at such a level that the dividend rate is at least equal to the lombard rate of the National Bank of Poland (NBP) as of the date of publication of the annual report for the financial year.
3. If there is no dividend payment in a given year, in the following year the dividend rate should be set at the level of at least twice the NBP lombard rate as of the day of publication of the annual report for a given financial year.
4. All shares issued by the Company (excluding own shares) have equal rights regarding the payment of dividends (and accordingly advance dividends) and entitle to participate in the profit of the Company, provided that the General Shareholders Meeting adopts a resolution on the distribution of profit.
5. The dividend policy will apply from the distribution of profit for 2017.
6. The Management Board will recommend approving this dividend policy by the Supervisory Board and the General Meeting of Shareholders.
The Management Board of Carpathia Capital S.A., hereby reports that on December 14, 2017 the Company received from INC S.A.- a person closely associated with persons discharging managerial responsibilities, information on the basis of art. 19 section 1 of the Regulation of the European Parliament and the EU Council No. 596/2014 of 16 April 2014 on market abuse (MAR Regulation), on the transaction of acquisition of Company’s shares.
Carpathia Capital S.A. (hereinafter referred to as the “Company”) hereby informs about adoption of financial communication calendar.
The Company plans to conduct an Annual General Shareholders Meeting on June 30, 2017.
(22/12/2016) Current report no 17/2016 – VIOLATION OF THE TERMS OF ISSUE OF BONDS BY MOTO44 S.A.
Carpathia Capital SA (hereinafter called the “Company”) hereby informs that Moto44 S.A. (hereinafter called “Moto44”, the “ Issuer of Bonds”) in a transaction about which the Company informed in current reports 1/2016 and 2/2016, did not make timely redemption of bonds for a total amount of 1,050,000 PLN. Due to the financial results achieved by the Moto44 SA in the first three quarters of 2016. Carpathia Capital SA has not exercised the option for conversion of liabilities of the Bonds Issuer into the shares of the transformed company.
Carpathia Capital SA has not approved the proposal to extend the maturity of the bonds terms proposed by the Issuer of bonds. Bonds of Moto44 are secured by real estate, the value of which, in the opinion of the Company, secures the repayment of liabilities resulting from the issuance of bonds with interest.
The Company will inform about the further course of the transaction.
Carpathia Capital S.A. (hereinafter referred to as the “Company”) hereby informs about changes in the calendar of financial communication.
The Company decided to change the date of the report for 3rd quarter of 2016. Originally the date was set at November 13, 2016 (Sunday). The amended date of disclosure of the report is November 14, 2016 (Monday).
Carpathia Capital S.A. (hereinafter referred to as “the Company”) hereby informs about a registration of a share capital increase from PLN 1 893 048,00 (one million eight hundred ninety-three thousand forty-eight zlotys) to PLN 1 951 381,50 (one million nine hundred fifty-one thousand three hundred eighty-one zlotys and fifty groszy) by the Court in the Trade Register. The increase was a result of the issue of 116 667 (one hundred sixteen thousand six hundred sixty-seven) series B3 common shares with nominal value of PLN 0,50 (fifty groszy) per share.
f) 116 667 (one hundred sixteen thousand six hundred sixty seven) series B3 common shares with nominal value of PLN 0,50 (fifty groszy) per share.
The share capital was fully paid in cash.
The amount of capital raised totaled PLN 173 833,83 (one hundred seventy-three thousand eight hundred thirty-three zlotys and eighty-three groszy), shares were fully paid in cash.
(14/07/2016) Current report no 14/2016 – Acquisition of shares in INC Brokerage House S.A.
Carpathia Capital SA (hereinafter called the “Company”) hereby informs about another capital investment. On July 14, 2016 the Company entered an agreement to acquire shares of Dom Maklerski INC S.A. (INC Brokerage House). Under the said agreement the Company acquired 49 registered C series shares for an issue price of PLN 122,500, which will represent 9.98% in the share capital of INC Brokerage House after the registration of share capital increase.
INC Brokerage House with seat in Poznan (formerly PricewaterhouseCoopers Securities S.A. with seat in Warsaw) has been authorized on February 21, 2012 by the Polish Financial Supervisory Authority (PFSA) (decision DRK/WL/4020/36/14/102/1/2012) to conduct offerings of financial instruments (Art. 69 par. 2 point 6 of the Act of 29 July 2005 Trading in Financial Instruments, Journal of Laws 2005 No. 183, item. 1538, as amended).
INC Brokerage House offers comprehensive services in the area of primary and secondary public and private securities offerings (Initial Public Offering, Secondary Public Offering) on the regulated market of the Warsaw Stock Exchange, the NewConnect market and the Catalyst market. The range of services related to conducting offerings of financial instruments includes, among others, drafting transaction documents, including: prospectuses, information memoranda, information documents and offering documents.
On September 30, 2015 INC S.A. acquired 100% shares of PricwaterhouseCoopers Securities S.A. with a seat in Warsaw from PricewaterhouseCoopers Eastern Europe BV with a seat in Rotterdam. From that day, after changing the name to Dom Maklerski INC S.A. (INC Brokerage House), the brokerage house operates within INC S.A. capital group which is based in Poznan. INC S.A. is a dynamically developing Polish capital group functioning in the area of advisory services and capital market investments. Since 2006 INC S.A. is a public company listed on the Warsaw Stock Exchange (it debuted as Inwest Consulting S.A.). INC S.A. is an Authorized Adviser on the NewConnect and Catalyst markets in Poland as well as on the AeRO market in Romania.
Carpathia Capital Spółka Akcyjna with its registered office in Poznań, Krasińskiego street 16, 60-830 Poznań, registered in the commercial register maintained by the District Court in Poznań – Nowe Miasto i Wilda, VIII Commercial Division of the National Court Register under number KRS 0000511985, (“Company”) is convening the Ordinary General Meeting of Shareholders on June 30, 2016.
Carpathia Capital SA (hereinafter called the “Company”) hereby informs about receiving a notification of insider transactions from INC S.A. on June 1, 2016. The aforementioned notification is attached to this report.
Carpathia Capital SA (hereinafter called the “Company”) hereby informs about receiving a notification of insider transactions from INC S.A. on May 25, 2016.
The aforementioned notification is attached to this report.
Carpathia Capital SA (hereinafter called the “Company”) hereby informs about receiving a notification of insider transactions from INC S.A. on May 24, 2016.
The Company decided to change the date of the report for 1st quarter of 2016. Originally the date was set at May 15, 2016 (Sunday). The amended date of disclosure of the report is May 16, 2016 (Monday).
The Company plans to conduct an Annual General Shareholders Meeting on June 30, 2016.
Carpathia Capital SA (hereinafter called the “Company”) hereby informs about receiving a notification of insider transactions from INC S.A. on February 23, 2016.
Carpathia Capital SA (hereinafter called the “Company”) hereby informs that on February 22, 2016 Mr. Piotr Białowąs resigned from the position of a member of the Supervisory Board and on February 23,2016 was appointed as President of the Management Board.
On the same day of February 23, 2016 Mr. Paweł Śliwiński resigned from the position of President of the Management Board and the Extraordinary General Meeting of Shareholders, acting pursuant to art. 385 § 1 of the Commercial Companies Code, appointed Mr. Paweł Śliwiński as a member of the Supervisory Board.
Carpathia Capital SA (hereinafter called the “Company”) hereby informs that on January 25, 2016, the Company acquired 172,602 of its own shares at a total value of RON 258,903.00 through a block trade. The aim of the acquisition is redemption of own shares or their further resale. The shares represent 4.56% of the share capital of the Company and 3.61% of the voting rights.
The Company owns in total 172,602 of its own shares representing 4.56% of the share capital of the Company and 3.61% of the voting rights.
Carpathia Capital SA (hereinafter called the “Company”) hereby informs about receiving a notification of insider transactions from INC S.A. on January 25, 2016.
Carpathia Capital SA (hereinafter called the “Company”) hereby informs about another capital investment. On January 18, 2016 the Company received information on the allocation of bonds of Moto44 Sp. z o.o. (hereinafter called “Moto44”, the “Issuer”). According to the agreement, the Company acquired 550 (five hundred fifty) bonds with a total nominal value of PLN 550,000 (nominal value of 1 bond is PLN 1,000.00). The purchase price in cash for 550 (five hundred fifty) bonds of Moto44 Sp. z o.o. amounted to PLN 550,000.
The benefits resulting from the bonds include payment of interest in the amount of 7% per annum and the Bondholder right to require payment of the Issuer’s liabilities by converting them into shares representing 13.75% of the share capital of the Issuer. The redemption date was set at December 21, 2016 r.
The parties intend to list shares of a company created through conversion of Moto44 into a joint stock company in the alternative trading system on the NewConnect market in Poland at the turn of 2016 and 2017.
Moto44 Sp. z o.o. operates in the automotive sector in Poland and has been selling and servicing new and used motorcycles since 2013. In 2014, the first complete year of selling motorcycles, the Company reached PLN 4.18M in revenues, operating profit in the amount of PLN 0.20M and net profit of PLN 0.15M. According to the investment agreement in 2015 Moto44 expects to reach revenues of no less than PLN 8.0M, operating profit of no less than PLN 0.47M and net profit of no less than PLN 0.35M. Whereas in 2016 it expects to reach revenues of no less than PLN 12.0M, operating profit of no less than PLN 0.72M and net profit of no less than PLN 0.60M. If Moto44 does not fulfil the above described expectations, the Company will have the right to take up additional shares of the Issuer, regardless of the exercise of the right of conversion.
Moto44 is a dealer for the following brands: TRIUMPH, APRILIA, MV AGUSTA, HUSQVARNA, MOTO GUZZI for which it also provides authorized services. In total the Company has dozens of brands of motorcycles in its commercial offer. Moto44 also sells professional DAINESE motorcycle clothing as well as professional accessories that increase safety of the motorcyclists.
The funds raised through the issue will be used for the purchase of land property with the aim of building a modern showroom offering new and pre-owned motorcycles, along with an extensive service facilities.
Carpathia Capital SA (hereinafter called the “Company”) hereby informs about another capital investment. On January 5, 2016 the Company received information on the allocation of bonds of Moto44 Sp. z o.o. (hereinafter called “Moto44”, the “Issuer”). According to the agreement, the Company acquired 500 (five hundred) bonds with a total nominal value of PLN 500,000 (nominal value of 1 bond is PLN 1,000.00). The purchase price in cash for 500 (five hundred) bonds of Moto44 Sp. z o.o. amounted to PLN 500,000.
The benefits resulting from the bonds include payment of interest in the amount of 7% per annum and the Bondholder right to require payment of the Issuer’s liabilities by converting them into shares representing 12.5% of the share capital of the Issuer. The redemption date was set at December 21, 2016 r.
The purpose of the issue is increasing the Issuer’s working capital to expand its commercial offer of pre-owned motorcycles. In 2016 Moto44 plans to build a modern showroom for new and pre-owned motorcycles, along with an extensive service facilities.
Carpathia Capital S.A. (hereinafter referred to as “the Company”) hereby declares the termination of the financial forecast for 2015 due to limited availability of attractive investment targets in the pipeline for 2015.
According to the financial forecast for 2015 presented in the Information Memorandum, the main assumption behind the forecast was the number of companies (five companies) to be included in the Carpathia Capital’s portfolio.
After thorough assessment of investment projects under evaluation, the Management Board has not come to a decision on provision of capital to any new portfolio company. According to the Board the main reasons for delay in constructing the investment portfolio are differences in approach towards valuation and corporate governance issues.
As of September 30, 2015, Carpathia Capital holds PLN 7 596 thousand as cash and other monetary assets for future deployment.
Carpathia Capital S.A. (hereinafter referred to as “the Company”) hereby reports, that the Company received on October 14, 2015 information about registration of series B2, C and D shares by the Central Depository of Romania (Depozitarul Central S.A.) according to Registration Certificate issued by Financial Supervisory Authority of Romania (Autoritatea de Supraveghere Financiară, ASF) on October 7, 2015.
The number of shares registered by the Central Depository increased by a total of 1,782,430 shares of nominal value 0.50 PLN per share, including: 275 000 of series B2 shares, 795 911 of series C shares and 711 439 of series D shares. Current number of shares registered amounts to 2 786 096.
Registration of shares by the Central Depository and Financial Supervisory Authority is a necessary condition for listing on the AeRO market, administered by the Bucharest Stock Exchange.
Carpathia Capital S.A. (hereinafter referred to as “the Company”) hereby reports the resolutions of the Extraordinary General Meeting held on October 15, 2015 at 9 a.m. at the Company’s registered office in Poznań, Krasińskiego street 16, 60-830 Poznań.
Carpathia Capital Spółka Akcyjna with its registered office in Poznań, Krasińskiego street 16, 60-830 Poznań, registered in the commercial register maintained by the District Court in Poznań – Nowe Miasto i Wilda, VIII Commercial Division of the National Court Register under number KRS 0000511985, (“Company”) is convening the Extraordinary General Meeting of Shareholders on October 15, 2015.
Carpathia Capital S.A. (hereinafter referred to as “the Company”) hereby informs about a registration of a share capital increase from PLN 1 537 328,50 to PLN 1 893 048,00 by the Court in the Trade Register. The increase was a result of the issue of 711 439 (seven hundred eleven thousand four hundred thirty nine) series D common shares with nominal value of PLN 0,50 per share.
e) 711 439 (seven hundred eleven thousand four hundred thirty nine) series D common shares with nominal value of PLN 0,50 (fifty groszy) per share.
The offer of series D shares were closed on May 28th, 2015. The amount of capital raised totaled PLN 2,096m (approx. RON 2,21m), shares were fully paid in cash.
Carpathia Capital Spółka Akcyjna with its registered office in Poznań, Krasińskiego street 16, 60-830 Poznań, registered in the commercial register maintained by the District Court in Poznań – Nowe Miasto i Wilda, VIII Commercial Division of the National Court Register under number KRS 0000511985, (“Company”) is convening the Ordinary General Meeting of Shareholders on June 30, 2015.
According to the art. 228 par. (3) of Law No. 297 of 28 June 2004 regarding the capital market, as amended and supplemented, Carpathia Capital S.A. (hereinafter referred to as “the Company”) hereby informs that on May 20th, 2015 the Company received from the shareholder – INC S.A. an ownership disclosure of changes in holdings of the Company votes below the threshold of 50% resulting from a registration of a share capital increase by the Court in the Trade Register.
The aforementioned ownership disclosure is attached to this report.
d) 795 991 (seven hundred ninety five thousand nine hundred ninety one) series C common shares with nominal value of PLN 0,50 (fifty groszy) per share.
The offers of series B2 and series C shares were closed on February 10th, 2015. The amount of capital raised totaled PLN 3,2m (approx. RON 3,4m) and shares were fully paid in cash.
The company is also currently carrying out a private placement offer of up to 1 000 000 (one million) series D common shares.
Carpathia Capital S.A. (hereinafter referred to as “the Company”) hereby informs about adoption of financial communication calendar.
The Company plans to conduct an Annual General Shareholders Meeting on June 30th, 2015.
Carpathia Capital SA (hereinafter referred to as “the Company”) hereby informs about its first capital investment.
On the March 9th, 2015 the Company signed a sales-purchase contract with SC Bittnet Systems SA headquartered in Bucharest, Romania.
According to the contract the Company purchased 450 439 nominative shares, having a nominal value of RON 0,10 each and a total value of RON 45 043,90, representing 10% of SC Bittnet Systems SA share capital and 10% of the total number of votes at the General Shareholder Meeting.
The purchase price for 450 439 shares of SC Bittnet Systems SA amounted to the total value of EUR 150 000 (approximately RON 665 000), that is EUR 0,33 (approximately RON 1,46) per share, and was fully paid with cash.
SC Bittnet Systems SA was founded in 2007 and since then it operates in Romanian IT sector. Its main activity focuses on IT training, IT consulting and solutions implementation for voice and data communications. SC Bittnet System SA holds a leadership position in Romanian IT training market.
The aim of SC Bittnet Systems SA is to be listed on the AeRO BVB Market for Equities by the end of March, 2015.

References: art. 125
 art. 19
 art. 19
 art. 19
 art. 125
 art. 19
 § 5
 art. 19
 art. 125
 art. 19
 art. 19
 art. 36
 art. 19
 art. 19
 art. 19
 art. 19
 art. 385
 § 1
 art. 228