7ca75d47-5572-4252-96e8-ab0cc1844f2d.pdf

Current report no. 5/2016 January 21, 2016

Subject: Additional Information for the Extraordinary General Meeting of "Orbis" S.A. convened for February 10, 2016.


In reference to current reports no. 2/2016 and no. 3/2016, the Management Board of "Orbis" S.A. hereby provides additional information to the statement of reasoning to the draft of resolution no. 4 of the Extraordinary General Meeting of "Orbis" S.A. Shareholders:

  1. according to the valuation report in possession by "Orbis" S.A. prepared as at November 5, 2015, by Pro Value Sp. z o.o. with its registered address in Warsaw, the market value of the hotel "Mercure Mrągowo Resort & SPA" (i.e. plots of land registered by the District Court in Mrągowo, IV Land and Mortgage Registry Division in the land and mortgage registers no. OL1M/00008330/9, OL1M/00016501/8, OL1M/00009824/6 together with buildings, constructions and other structures) estimated using an income approach (profit method) amounts to PLN 17.5 million;

  2. the net book value of the hotel real property of the "Mercure Mrągowo Resort & SPA" specified above in subsection 1 together with movables has been adjusted, in connection with the planned sale transaction, from PLN 20.9 million to PLN 20.0 million as at December 31, 2015;

  3. the buyer of the "Mercure Mragowo Resort & Spa" Hotel, "DEPORIUM INC." sp. z o.o. with its registered office in Raszyn is not affiliated with any entity which is part of the "Orbis" S.A. capital group or Accor S.A. capital group (the major shareholder of "Orbis" S.A.).


Legal grounds: § 38.1.12 of the Regulation of the Minister of Finance of February 19, 2009, on current and periodic information to be published by issuers of securities as well as conditions for recognizing as equivalent information required by the laws of a non-member state (Journal of Laws from 2009, No. 33, item 259, as amended).



"Orbis" S.A., ul. Bracka 16, 00-028 Warsaw, registered in the District Court for the Capital City of Warsaw, XII Commercial Division, National Court Register [KRS], Register of Business Operators no. 0000022622, share capital of PLN 92,154,016 (paid-up in full), tax identification number NIP 526-025-04-69.

Orbis SA issued this content on 2016-01-21 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-21 14:54:23 UTC

Original Document: http://www.orbis.pl/files/pl/raporty/biezace/2016/pdf/7222.pdf