Current reports

The Board of the Management of Centrum Nowoczesnych Technologii S.A. based in Sosnowiec (the "Issuer") announces that in connection with the sales of electricity by the subsidiary GET EnTra Sp. o.o. (The "Subsidiary") on 20 December 2018, the total value of trading onthe Polish Power Exchange S.A. (the "Exchange") in the period from 10/11/2018 to 20/12/2018 amounted to PLN 136,615.70 thous. The aforementioned amount includes, among others purchase and sales of electricity with a delivery date during the period from 11/11/2018 to 31/12/2019. The transaction with the highest value contained in the aforementioned period was a package of deals of 13/11/2018 including the purchase and sales of electricity with a total value of PLN 23,892.34 thous. with a delivery date during the period from 14/11/2018 to 31/12/2019.

The transactions referred to above made by the Subsidiary are carried out within the core business of energy trading, including in particular electricity trading and gas fuels trading in a network system.

Terms and conditions of concluded contracts (transactions) do not contain any provisions on contractual penalties as well as not diverge from typical terms and conditions of this kind / type of transactions on the market.

Legal Basis: Art. 17 (1) of MAR - confidential information.

Centrum Nowoczesnych Technologii S.A. with its registered office in Sosnowiec informs that on 21 November 2018 it received information from FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych with its registered office in Warsaw (FIP 11) about an increase in the total number of votes in the Company by more than 1%, submitted pursuant to Article 69 sec. 2 point 2 of the Act of 29 July 2005 on public offering and conditions for introducing financial instruments to organised trading and on public companies (consolidated text: Journal of Laws 2018, item 512, as amended), as follows:

"Acting pursuant to Article 69 sec. 2 point 2 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies" of 29 July 2005, Journal of Laws No. 184 item 1539 (the "Act"), I hereby inform you that as a result of the transaction of purchase of 62,320 shares of Centrum Nowoczesnych Technologii S.A. (the "Company") by FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych  carried out on 19 November 2018, the total number of votes of the Company represented by FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych and entities acting in accordance with the agreement referred to in Article 87 sec. 1 point 5 of the Act, i.e. Zbigniew Jakubas together with the subsidiaries under the Act, i.e. Multico Sp. z o.o.., Energopol Warszawa S.A., Energopol Trade S.A. and Wartico Invest Sp. z o.o. increased the total number of votes in the Company by over 1 %, i.e. up to 6,610,980 shares giving the right to 6,610,980 votes, which constitutes 72.73 % of the share capital of Centrum Nowoczesnych Technologii SA and the same number of votes.

Before the aforementioned change, FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych and entities acting in agreement referred to in Article 87 section 1 point 5 of the Act, i.e. Zbigniew Jakubas together with the subsidiaries under the Act, i.e. Multico Sp. z o.o., Energopol Warszawa S.A., Energopol Trade S.A. and Wartico Invest Sp. z o.o. held 6,548,660 shares in total, constituting 72.04 % of the share capital of the Company. The shares held jointly entitled to exercise 6,548,660 votes at the General Meeting and accounted for 72.04% of the total number of votes.

FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych declares that there are no subsidiaries under provisions of the Act. The subsidiaries of Zbigniew Jakubas that are also shareholders of the Company are Multico Sp. z o.o. with its registered office in Warsaw, Energopol - Warszawa S.A. with its registered office in Warsaw, Energopol - Trade S.A. with its registered office in Warsaw and Wartico Invest Sp. z o.o. with its registered office in Warsaw".

Legal basis: Article 70 (1) of the Act on Public Offering - acquisition or disposal of a significant block of shares.

With reference to current report no. 64/2018, the Management Board of Centrum Nowoczesnych Technologii S.A. informs that today it has been informed that on 20 November 2018 GET EnTra sp. z o.o. concluded an annex to the framework agreement for granting bank guarantees. (the "Subsidiary") of PKO BP S.A. (the "Bank") of the Annex (the "Annex") to the Framework Agreement for bank guarantees (the "Framework Agreement").

This annex introduced the validity period of the guarantee limit granted by the Bank under the Framework Agreement. The limit is valid until 30 October 2019.

Other terms and conditions of the Agreement remain unchanged.

Legal basis: Article 17(1) MAR - confidential information.                

The Board of the Management of Centrum Nowoczesnych Technologii S.A. based in Sosnowiec (the "Issuer") announces that in connection with the sales of electricity by the subsidiary GET EnTra Sp. o.o. (The "Subsidiary") on 09 November 2018, the total value of trading onthe Polish Power Exchange S.A. (the "Exchange") in the period from 21.09.2018 to 09.11.2018 amounted to PLN 125,927.99 thous. The aforementioned amount includes, among others purchase and sales of electricity with a delivery date during the period from 21.09.2018 to 31.12.2019. The transaction with the highest value contained in the aforementioned period was a package of deals of 09.11.2018 including the purchase and sales of electricity with a total value of PLN 22,319.78 thous. with a delivery date during the period from 10.11.2018 to 31.12.2019.

The transactions referred to above made by the Subsidiary are carried out within the core business of energy trading, including in particular electricity trading and gas fuels trading in a network system.

Terms and conditions of concluded contracts (transactions) do not contain any provisions on contractual penalties as well as not diverge from typical terms and conditions of this kind / type of transactions on the market.

Legal Basis: Art. 17 (1) of MAR - confidential information.

Management Board of Centrum Nowoczesnych Technologii S.A. (the "Issuer", the "Company") informs that due to the completion of the preliminary aggregation of financial data on 6 November 2018 for the purposes of preparation of the Issuer's consolidated periodical report for the third quarter of 2018, on the same day the Issuer decided to publish the preliminary consolidated results of the CNT Capital Group divided into business segments adopted in the consolidated financial statements, including consolidation exclusions, which are attached hereto.

At the same time, the Company reminds that the consolidated periodical report of the CNT Capital Group for the third quarter of 2018 will be published on 16 November 2018 in accordance with the contents of current report no. 3/2018.

The estimated financial results referred to above are preliminary, therefore the results finally published in the report for the third quarter of 2018 may differ slightly from the values presented in the appendix.

Legal basis: Article 17 (1) MAR - confidential information.   

Referring to the current report no. 44/2017 on the conclusion by a subsidiary of an annex to the framework agreement on bank guarantees concluded with PKO BP S.A., the Management Board of Centrum Nowoczesnych Technologii S.A. (the "Issuer", the "Company") informs that on 5 November 2018 it was informed that a subsidiary GET EnTra Sp. z o.o. (the "Subsidiary") and PKO BP S.A. signed a new Framework Agreement for granting bank guarantees (the "Agreement") up to the total amount of approximately PLN 27.2 million (the "Limit"), provided that the Limit in the above amount is valid until 1 February 2019, and strating from 2 February 2019 the Limit will be lowered to the amount not exceeding approximately PLN 25.9 million, earmarked for securing the Subsidiary's liabilities under the following contracts and agreements:

- trade agreements for the supply of electricity and/or gas,

- contracts for delivery of property rights - certificates of origin,

- participation in auctions for the purchase of cross-border capacity,

- participation in the transmission of electricity and/or gas through the Electricity and/or Gas Transmission System Operator,

- an obligation to lodge a collateral deposit by active members of teh Stock Exchange to the Exchange Clearing House on the Commodity and/or Financial Market,

- office space lease agreements.

The guarantees will be granted in PLN and the Limit is non-renewable. The period of validity of guarantees issued by the Bank within the Limit may not exceed 18 months from the date of issue of the guarantee or a change to the guarantee hereof. The Issuer also explains that bank guarantees granted to the Subsidiary by the Bank on the basis of the existing framework agreement for granting bank guarantees, as well as a bank guarantee for the benefit of the Warsaw Commodity Clearing House in the amount of approximately PLN 6.6 million have been included in the Limit.

The condition for granting the guarantee under the Agreement shall be fulfilment of corporate , formal and legal requirements specified in the Agreement hereof.

The Bank's claims on account of execution of the guarantees granted under the Limit will be secured with the following: (i) a blank promissory note issued by the Ordering Party together with a promissory note declaration, (ii) a registered pledge up to the highest collateral amount of PLN 40.8 million established on cash receivables under one of the sales agreements concluded by the Subsidiary, (iii) a registered and financial pledge up to the highest collateral amount of PLN 40.8 million established on the Subsidiary's accounts maintained by the Bank, (iv) a power of attorney to the Subsidiary's account at by the Bank and to the Subsidiary's accounts with other banks in the event of their opening during the guarantee validity period, (vi) a transfer of funds to the Bank's account in the amount of 1.25 million (vii) a surety granted by the Issuer on general terms for the Subsidiary's liabilities under bank guarantees up to the total amount of approximately PLN 14.7 million, where the surety applies up to 150% of the guaranteed guarantees.

The remaining terms and conditions of the Agreement do not differ from the market standards applied for this type of agreements.

Legal basis: Article 17(1) MAR - confidential information.

Referring to current reports no. 50/2017 and 37/2017 concerning the execution of the construction contract entitled "Construction of the Malczyce water barrage on the Odra river" (the"Agreement", the "Project"), the Management Board of Centrum Nowoczesnych Technologii S.A. with its registered office in Sosnowiec (hereinafter referred to as the "Company", the "Issuer") hereby announces that on 25 October 2018 the Company was informed that on the same day the scope and value of finishing works related to the execution of the Project in 2019 was agreed between Przedsiębiorstwo Gospodarki Wodnej Polskie Polskie Regionalny Zarząd Gospodarki Wodnej in Wrocław (the „Ordering Party") and the the Bankruptcy Trustee of MAXER S.A. in bankruptcy (the „Contractor"). The Issuer reminds that the Company executes the Project as the General Subcontractor acting as the Leader of the Consortium together with ETP S.A. with its registered office in Katowice – the  Partner of the Consortium.

In accordance with the agreements made between the Contractor and the Ordering Party, the scope of works and lump sum remuneration of the Contractor have been established, yet the Company assumes that based on the existing rules of cooperation and contractual regulations linking the Consortium as the General Subcontractor with the Contractor, the expected value of remuneration due to the General Subcontractor for the execution of finishing works agreed for 2019 will amount to PLN 19.8 million net. The lump sum remuneration agreed above , in the estimated net amount of approximately PLN 1.5 million, does not include the General Subcontractor's remuneration for organizing a process of passage of vessels through newly-built structures of the water barrage and regulation of flow through the water barrage.

The Issuer's participation in the works carried out by the Consortium is similar to that of the Consortium Partner.

Under the aforementioned agreements, the conditions of the Project implementation have not been changed significantly in the remaining scope.

Legal basis: Art. 17 (1) MAR - confidential information.

Centrum Nowoczesnych Technologii S.A. with its registered office in Sosnowiec informs that on 19 October 2018 it received from FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych with its registered office in Warsaw (FIP 11) information about an increase in the total number of votes in the Company by over 1%, submitted pursuant to Article 69 section 2 item 2 of the Act of 29 July 2005 on public offering and conditions for introducing financial instruments to organised trading system and on public companies (consolidated text: Journal of Laws 2018 item 512 as amended), in the following wording:

"Acting under Art. 69 sec. 2 point 2 of the Act, "Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of 29 July 2005, Journal of Laws No. 184, item 1539 ("Act"), I hereby inform you that as a result of the transaction of purchase of 70,319 shares of Centrum Nowoczesnych Technologii S.A. (the "Company")  by FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych made on 18 October 2018, the total number of votes of the Company represented by FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych and entities acting in accordance with the agreement referred to in Article 87 sec. 1 point 5 of the Act, i.e. Zbigniew Jakubas together with subsidiaries within the meaning of the Act, i.e. Multico Sp. z o.o., Energopol Warszawa S.A., Energopol Trade S.A. and Wartico Invest Sp. z o.o. increased by over 1 % of the total number of votes in the Company, i.e. it increased to 6,480,319 shares giving the right to 6,480,319 votes, which constitutes 71.29 % of the share capital of Centrum Nowoczesnych Technologii SA and the same number of votes.

Prior to the aforementioned change, FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych and entities acting in agreement referred to in Article 87 sec.1 point 5 of the Act, i.e. Zbigniew Jakubas together with subsidiaries within the meaning of the Act, i.e. Multico Sp. z o.o., Energopol Warszawa S.A., Energopol Trade S.A. and Wartico Invest Sp. z o.o. held 6,410,000 shares in total, constituting 70.52 % of the share capital of the Company. The shares held jointly entitled to exercise 6,410,000 votes at the General Meeting and constituted 70.52% of the total number of votes.      

FIP 11 Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych declares that there are no subsidiaries within the meaning of the Act. Subsidiaries of Zbigniew Jakubas who are also shareholders of the Company are Multico Sp. z o.o. with its registered office in Warsaw, Energopol - Warszawa S.A. with its registered office in Warsaw, Energopol - Trade S.A. with its registered office in Warsaw and Wartico Invest Sp. z o.o. with its registered office in Warsaw".

Legal basis: Article 70(1) of the Act on Public Offering - acquisition or disposal of a significant block of shares.

Referring to the information provided in the current report no. 50/2018 of 8 August 2018 on the rejection of the motion to secure the claim for annulment of the resolution no. 3 of the Extraordinary General Meeting of CNT S.A. of 7 June 2018 on the abolition of dematerialisation of the Company's shares and their withdrawal from trading on the regulated market operated by the Warsaw Stock Exchange, the Management Board of Centrum Nowoczesnych Technologii S.A. (hereinafter: the „Company", the "Issuer", "CNT S.A.") informs that on 3 October 2018 the Company received a copy of the decision of the Court of Appeals in Katowice, 5th Civil Division (the "Court") of 24 September 2018, in which the Court decided to provide security for the claim for annulment of resolution no. 3 of the Extraordinary General Meeting of CNT S.A. of 7 October 2018 on the abolition of dematerialization of the Company's shares and their withdrawal from trading on the regulated market operated by the Warsaw Stock Exchange S.A. by suspending its execution for the duration of the proceedings.  

The aforementioned decision was made as a result of consideration of the complaint of the Company's Shareholder against the ruling issued by the District Court in Katowice, 13th Commercial Division, about which the Issuer informed in the current report no. 50/2018, in which the Shareholder voted against the aforementioned resolution and demanded that the objection be recorded in the minutes and filed a motion to secure the action against filing a lawsuit for the annulment of this resolution.

In the justification of the decision issued, the Court pointed out that the claim was substantiated to the extent required to provide security, and that the applicant has a legal interest in obtaining security, as the abolition of dematerialisation of shares is an operation that is difficult to reverse. The Court stressed, however, that granting the security does not prejudge the legitimacy of the action as to the merits of the case.

The Court's decision is final and cannot be appealed against.

Legal basis: Article 56(1)(2) of the Act on Public Offering - current and periodic information

The Board of Management of Centrum Nowoczesnych Technologii Spółka Akcyjna based in Sosnowiec (the "Issuer", "the Company") informs that after the completion of partial data aggregation on 3 October 2018, the subsidiary Centrum Nowoczesnych Technologii Spółka Akcyjna spółka komandytowa ("the Subsidiary") informed the Issuer on the results of sales of apartments within the development investment Nowa 5 Dzielnica in Krakow.

The Issuer explains that the sales process within the aforementioned investment was launched in March 2017.

The Issuer informs that in the third quarter of 2018 the Subsidiary concluded 77 development agreements for the sale of apartments.

In addition, as of 30 September 2018, the Company was a party to 24 reservation agreements for the sale of apartments that require conversion into development contracts.

The Issuer explains that the number of units that will be recognized in the Group's financial result for the period from 1 January to 30 September 2018 will be 0 because in accordance with the accounting policy of Centrum Nowoczesnych Technologii Spółka Akcyjna spółka komandytowa, the Subsidiary considers that the transfer of risks, control and benefits shall take place upon signing the notarial deed transferring ownership of the property purchased. At the moment of recognition of sales revenue, the subsidiary recognizes the cost of production of the premises, reducing finished goods in proportion to the share of the premises sold in the total area of a particular type of premises.

The Subsidiary has not entered into any final agreement transferring ownership of the property nor released any residential or service premises in the third quarter of 2018.

Legal basis: Article 17 (1) MAR - confidential information.