Do the changes in the Supervisory Board suggest that Paweł Dudziuk’s plan is up to date again?
(11th August, 2009)
To the knowledge to the Company Management Board and in virtue of press interviews with Mr. Dudziuk one may conclude that the planned transaction of capital merger of Elzab, Exorigo and UPOS SYSTEM is not being considered at the moment due to the negative decision of the Company shareholders thereon. Nevertheless, the above companies expand the mutual scope of cooperation and tend to perform the common business strategy, which was the foundation of the suggested capital merger.
Does the Company still intend to carry out acquisitions and is there a solution concerning designation of shares bought out for resale? (11th August, 2009)
At the present stage, the Company concentrates on R&D actions and restructuring within internal sales organization.
The Company is not resigning from the possible acquisitions, but due to the present market situation, they are of lower priority. At the moment the shares are bought out in virtue of resolution No 2 of the Company Extraordinary General Meeting of 29th April, 2009. The purpose of the Company own shares’ buyout is their resale or other target related to the Company strategy performance.
