Announcement of the bankruptcy of a subsidiary
Current report 42/2012 dated 06.08.2012
Legal basis: Article 56 (1) (2) of the Act on Public Offering — current and periodic information
In reference to the Current Report No. 38/2012 of June 12, 2012, the Management Board of ATM S.A. announces that today it has been informed that the District Court for Warszawa Praga–Północ, Warsaw, 9th Business Division announced bankruptcy including the liquidation of the assets of the mPay International company, i.e. a subsidiary of ATM S.A. The decision was issued on July 30, 2012.
Judge of the District Court Sławomir Bezak has been appointed the Judge-Commissioner. The trustee of the bankruptcy estate is Gaweł Jarosiński.
Currently, mPay International Sp. z o.o. is not conducting any operating activities, and shares in mPay S.A., a company listed on the NewConnect market and engaged in the implementation and servicing of payment systems for mobile phones, remain its most important assets. The bankruptcy of mPay International does not affect the operations of mPay S.A.
The Management Board of ATM S.A. announces that due to the liquidation of mPay International Sp. z o.o. ATM will create a provision of approx. PLN 4 million gross at the level of the consolidated financial statements and of approx. PLN 5.5 million gross at the level of stand-alone financial statements, the provision being charged to the results of the current period.
Maciej Krzyżanowski — President of the Management Board,
Tadeusz Czichon — Vice-President of the Management Board