7/2023 Conclusion of an agreement for the sale of shares in a subsidiary

The Management Board of CPD SA (“Company”) informs that on 17 March 2023, an agreement was concluded under which the Company sold 100% of the shares it held in the share capital of the company under the business name Celtic Investments Ltd with its registered office in Nicosia ( “Agreement”).

Due to the conclusion of the Agreement described above, the Company ceased to have share rights in the share capital of Celtic Investments Ltd with its registered office in Nicosia and the above company is no longer part of the “CPD” Capital Group.

Celtic Investments Ltd with its registered office in Nicosia did not have any significant assets.

The sale price of 100% of shares i.e. 1,000 shares with a value of EUR 1,000, specified in the agreement, amounted to EUR 1,000 (one thousand). Pursuant to the above agreement, the consolidated statement of financial position of the Company will not include the liability described in the item “Significant Court, Administrative and Arbitration Proceedings” in periodic reports published by the Company.

 

Legal basis:

Art. 17 sec. 1 of MAR – confidential information.

 

Signatures of persons authorized to represent:

Elżbieta Wiczkowska, Member of the Management Board, 17 March 2023

Iwona Makarewicz, Member of the Management Board, 17 March 2023