Conclusion of FX forward transactions by a company from the ATM Capital Group
Current report 08/2012 dated 09.02.2012
Legal basis: Article 56 section 1 item 2 of the Act on public offering — current and periodic information
The Management Board of ATM S.A. with its registered office in Warsaw reports that in 2011, its subsidiary, ATM Systemy Informatyczne S.A., concluded transactions securing foreign currency purchase exchange rate through forward transactions with two financial institutions. The transactions were carried out with respect to purchases of currencies for payments to suppliers in USD and EUR and were concluded in order to secure the FX risk in relation with commercial contracts.
The transactions related with the conclusion of forward contracts, carried out in BRE Bank S.A., concerned purchase of USD and EUR for a total amount of PLN 46,075,015.59.
The highest-amount transaction was concluded on 11 February 2011 for an amount of PLN 3,496,071.71 (purchase of USD 1,179,790.00, forward exchange rate: 2.9633).
Transactions related with the conclusion of forward contracts carried out at BNP Paribas S.A. concerned the purchase of USD and EUR for a total amount of PLN 46,118,703.95.
The highest-amount transaction was concluded on 4 January 2011 for an amount of PLN 5,360,346.36 (purchase of USD 1,813,992.00, forward exchange rate: 2.9550).
The transactions were concluded on an arm’s length basis which does not deviate from the conditions commonly applied for financial operations of this type.
signatures:
Roman Szwed — President of the Management Board,
Tadeusz Czichon — Vice-President of the Management Board