6066bb15-12fa-44d5-9766-e849f75d19b6.pdf


Abbreviated name of the issuer:

SMT SA

Current report No:

6/2016

Date:

11 January 2016

Subject:

Notification of claim under a significant agreement

Legal basis:

Article 56(1)(1) of the Public Offering Act - Confidential

information


The Management Board of SMT S.A. with its registered office in Warsaw ("Issuer") notifies that on 11 January 2016 it was informed about a notification submitted by Creston Investments Sp. z o.o. with its registered office in Warsaw ("Creston"), hereinafter referred to as "Notification", whereby Creston raises a claim with respect to Holding Inwestycyjny Akesto Sp. z o.o. with its registered office in Warsaw ("Akesto") and the Issuer as an entity assuring performance of Akesto's obligations.


The Notification was given by Creston because, as Creston believes, the assurances made by the Seller in the preliminary agreement of 16 September 2015 and the sale agreement of 30 November 2015, of which the Issuer informed in current reports Nos 33/2015, 49/2015 and 51/2015, were breached. As stated in the Notification, the value of the claim for compensation is PLN 14,425,648.54 (fourteen million four hundred and twenty five thousand six hundred and forty eight zlotys, 54/100). The payment term stipulated in the Notification is 25 business days from the date of the Notification.


The Issuer's Management Board is of the opinion that the Notification raises some doubts which are currently subject to detailed legal analyses.


Legal basis: Article 56(1)(1) of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of 29 July 2005

SMT SA issued this content on 2016-01-11 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-15 10:57:03 UTC

Original Document: http://smtsa.pl/en/wp-content/uploads/2015/04/2016.01.11_6.2016_roszczenie_Creston_eng.pdf