Notification from the majority shareholder of the completion of the process of reviewing potential strategic options related to the investment in the Company
Current report 03/2020 submitted on 10.03.2020 at 11:14
Legal basis: Article 17 (1) MAR – confidential information
The Management Board of ATM S. A. (“the Company”) informs that it received from the majority shareholder of AAW III Sp. z o. o. from the o. o. (“AAW”) information about the completion of the process of reviewing potential strategic options related to the investment in the Company.
According to the information received, the AAW decision results from the Company’s submission of estimated results for 2019 confirming that the budget for 2019 has been exceeded by the Company, as well as from the increased dynamics of market development, which results from, among others, from locating in Poland availability zones of the largest providers of cloud solutions in the world.
Due to the above, the Company has developed a plan to expand the data center campus at Grochowska St. by another 4,500 square meters of IT space. The total value of the investment process is estimated at over 160 M PLN.
Daniel Szcześniewski – President of the Management Board
Tomasz Galas – Vice President of the Management Board