The Management Board of Summa Linguae Technologies S.A. based in Krakow (“Issuer”), in reference to Current Report 56/2020 of 15 December 2020 regarding the arrangement of the essential terms and conditions of the sale of EXFLUENCY GmbH shares by the Company, hereby announces that on 22 March 2021, the Issuer concluded with Exfluency GmbH based in Zug, Switzerland (“Exfluency”) an agreement on sale of Exfluency shares (“Agreement”), under which the Issuer sold 39 Exfluency shares, representing 7.8% of the Exfluency share capital, to Exfluency (the purchase of treasury shares) for a total price of EUR 1,000,000.17 (PLN 4,613,800.78 at the average NBP exchange rate of 22 March 2021: EUR 1 = PLN 4,6138 (“EUR exchange rate”) (“Transaction”). The price for Exfluency shares will be paid in installments.
To secure the Issuer’s claim for the subsequent payment for the shares, Exfluency has established a pledge on 30 Exfluency shares.
The Company decided to publish this information in reference to Current Report 36/2019 of 23 September 2019 and Current Report 56/2020 of 15 December 2020 to preserve disclosure transparency as regards changes in the composition of the Company Group.
The Company’s representatives,
Krzysztof Zdanowski, CEO