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February 16, 2018 / 11:47

6/2018 Registration of the contract on the establishment of the Agora Tax Capital Group

Regulatory filing

In relation to regulatory filing 35/2017 dated December 21st, 2017, the Management Board of Agora S.A. with its registered seat in Warsaw (“Company”, “Agora”) hereby informs that on February 15th, 2018 it received a decision dated February 15th, 2018 issued by the Head of the Second Mazovian Tax Office in Warsaw on the registration of the contract on the establishment of Agora Tax Capital Group ("PGK"), which is to include: Agora S.A. and the following subsidiaries: Grupa Radiowa Agory Sp. z o.o., Agora TC Sp. z o.o., Trader.com (Polska) Sp. z o.o., Helios S.A., AMS S.A., Yieldbird Sp. z o.o. and Plan A Sp. z o.o.

In the agreement establishing the tax capital group, Agora has been appointed the representative company for the tax group within the scope of obligations resulting from the Personal Income Tax Act and from the provisions of Tax Ordinance.

Agora Tax Capital Group will be established on March 1st, 2018, and each subsequent tax year will overlap with the calendar year. The agreement shall be in force till December 31st, 2020.

The Company estimates that the establishment of the tax capital group may result in lower tax charges of tax group, as provided for by law, by approximately PLN 5.0 million annually in the period of tax group’s operation.

Legal basis: Article 17, paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission directive 2003/124/EC, 2003/125/EC and 2004/72/EC.

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6/2018 Registration of the contract on the establishment of the Agora Tax Capital Group